Clorox Cyberattack: Operations and Stock Impact
Clorox faces a disruption in production due to a cyberattack, leading to product shortages.
- Clorox, the household cleaning giant, has been hit by a cyberattack.
- This attack disrupted their operations and caused a shortage of some Clorox products.
- The company hasn't disclosed which products are affected.
Upon detecting unauthorized IT activities in August, Clorox promptly moved to mitigate the breach’s impact, including a halt in specific operations to safeguard their systems.
Despite their efforts, Clorox grapples with a staggered operational comeback. The firm is presently manually handling order fulfillment and processing, working towards resuming complete operations later this week.
- This cyberattack will impact Clorox's current-quarter financial results.
- The long-term effects are uncertain, given the ongoing recovery.
- Clorox (CLX) shares fell about 2% in early trading.
MGM Resorts recently faced a suspected cyberattack, disrupting various aspects of its business.
What's Next for Clorox?
While Clorox expects a gradual return to normal operations, the timeline is uncertain.
Source: CNN Business