Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

Clorox says last month’s cyberattack is still disrupting production

by September 19, 2023
September 19, 2023
Clorox says last month’s cyberattack is still disrupting production

Clorox on Monday warned of a material financial hit from ongoing production disruptions caused by a cyberattack last month.

The company, which produces its namesake bleach products and Pine-Sol, among other household items, also said it doesn’t have an estimate for when it will be able to resume full operations.

The cybersecurity breach will impact fiscal first quarter results due to product outages and delays, Clorox said.

Nonetheless, the company said it believes the threat is contained. It expects to start bringing systems back up to speed next week, and will ramp up to full production “over time.”

Clorox had disclosed the attack Aug. 14, saying that its systems had been breached. After learning of the attacks, the company took systems offline and involved law enforcement.

Now, a month later, the attack is still causing “widescale disruption” to the companies operations, according to a Clorox securities filing. While systems are being repaired, the company has had to go manual on many of its procedures. As a result, the company has scaled back its order processing, meaning fewer products are making their way onto store shelves.

The breach at Clorox comes as Las Vegas casino companies MGM and Caesars reckon with their own cyberattacks. MGM also warned of a potential material impact on its finances.

Shares of Clorox traded roughly 1% lower Monday.

More from CNBC:

Disney asset sales won’t break the bank, but they will move legacy media forwardApple will charge $29 for a USB-C adapter for your new iPhoneStellantis could close 18 facilities under UAW deal — here are the full details of its latest offer

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Stellantis could close 18 facilities under UAW deal — here are the full details of its latest offer
next post
Susan Collins jokes she will ‘wear a bikini’ to the Senate while slamming dress code changes

Related Posts

Rent up, groceries down: Inflation cooled slightly in...

May 17, 2024

Here’s how the Houthi attacks in the Red...

December 19, 2023

Chase customers sue over fees for depositing checks...

February 22, 2024

What Fitch’s downgrade of the U.S. government means...

August 8, 2023

Mortgage rates are slipping after a rapid rise

November 17, 2023

IRS announces when it will begin accepting and...

January 11, 2024

Target blamed theft and violence for 9 store...

December 21, 2023

Boeing investigates quality problem on undelivered 787s, sources...

June 17, 2024

Fewer homeowners are remodeling, but demand is still...

May 14, 2024

X boss Elon Musk tempers comments about advertisers...

June 24, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved