The manufacturer of household chemicals Clorox announced significant financial losses due to the ongoing interruptions in production caused by a cyber attack in August. The company also stated that it is currently unable to provide an accurate timeline for resuming full operations of its enterprises.
However, Clorox is confident that the impact of the attack is localized. The company plans to begin restoring its systems next week and gradually increase production.
During the cyber attack in August, the corporation, whose net profit exceeded $7 billion in 2022, was forced to urgently disconnect critical information systems and inform law enforcement agencies about the incident.
According to the company’s statement, the attack is still causing large-scale disruptions. While the systems are in the process of recovery, many operations are being performed manually. As a result, order processing speed has decreased and fewer products are reaching store shelves. Clorox shares have dropped by approximately 1% in the stock market.
The incident involving Clorox occurs in the context of a cyber attack on Las Vegas casinos MGM and Caesars. MGM has also warned about the possibility of significant financial impact. It is worth noting that Caesars Entertainment is facing a collective court claim following the announcement of a large-scale data breach. Clients are demanding accountability from the management for the disclosure of confidential information.
Cyber attacks are becoming increasingly common and can cause severe damage not only to a company’s IT infrastructure, but also to its financial position and reputation. The events surrounding Clorox serve as a reminder to all organizations about the necessity of strengthening cybersecurity measures and being prepared for possible attacks.