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

Wendy’s will offer $3 breakfast deal as rivals...

May 21, 2024

CNN says 47.9 million people watched the presidential...

June 29, 2024

‘Lazy girl jobs’ are trending in rally against...

August 18, 2023

Former MGM Grand casino president to be sentenced...

May 9, 2024

Here’s what happens to Social Security payments if...

September 28, 2023

U.S. payrolls increased by 150,000 in October, less...

November 6, 2023

McDonald’s aims to open nearly 9,000 restaurants, add...

December 7, 2023

As EV sales slow, some drivers could buy...

January 15, 2024

U.S. GDP grew at a 4.9% annual pace...

October 27, 2023

JPMorgan CEO Jamie Dimon hopes for soft landing...

April 30, 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

      Waymo offers teen accounts for driverless rides

      July 9, 2025
    • 2

      Strong Leach Recoveries and Low Impurities

      July 9, 2025
    • 3

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

      January 3, 2025
    • 4

      Tesla asks shareholders to vote again on Musk’s $56 billion payout

      April 18, 2024
    • 5

      Eruption of Indonesia’s Mount Lewotobi Laki Laki volcano sends ash 11 miles high

      July 7, 2025
    • 6

      North Korea says it launched new ‘tactical nuclear attack’ submarine. South Korea doubts it works

      September 11, 2023
    • 7

      ‘This is a life-changing event’: Floridians start an arduous recovery as Idalia keeps thrashing North Carolina

      September 1, 2023

    Categories

    • Business (1,073)
    • Investing (2,112)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,419)
    • 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