Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

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
Analyzing Risks for Mega-Cap Growth Stocks Before Key FED Meeting
next post
Alma Gold Provides Corporate Update

Related Posts

Apple overtakes Samsung as top seller of smartphones

January 19, 2024

Abercrombie & Fitch is investigating abuse accusations against...

October 9, 2023

Supreme Court declines to hear case challenging FDA...

October 12, 2023

Tesla investors want Elon Musk to answer questions...

January 30, 2025

Kimberly-Clark to buy Kenvue in $48.7 billion deal

November 4, 2025

OpenAI in talks to pay about $3 billion...

April 17, 2025

Department of Education error could lower U.S. students’...

January 10, 2024

Tesla job cuts heighten Wall Street concerns that...

April 18, 2024

Consumer advocates, realtors hail NAR settlement: What it means...

March 25, 2024

It wasn’t the endless shrimp that doomed Red...

May 25, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • CHARBONE Appoints Patrick Cuddihy as Senior Vice President – Strategic Affairs

    • TERRA CLEAN CLOSES $2.5 MILLION LIFE OFFERING

    • Noble Minerals Acquires a Rare Earth Property in Northern Quebec

    • Cardiol Therapeutics’ Phase II ARCHER Trial Results to be Presented at the European Society of Cardiology Scientific Meeting on Myocardial & Pericardial Diseases

    • Freegold Intersects 3.63 g/t Au over 45.4m at Golden Summit

    Categories

    • Business (1,408)
    • Investing (3,117)
    • Politics (3,699)
    • Stocks (1,841)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 moneycontrolplace.com | All Rights Reserved