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Clorox warns of supply shortages after summer cyberattack

September 18, 2023
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Clorox warns of supply shortages after summer cyberattack
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Shares for Clorox tumbled about 2% in early trading on Monday. Clorox is one of the country's best-known household cleaning brands, making items such as bleach, detergents and cleaners. File Photo by Chip Somodevilla/EPA-EFE

Shares for Clorox tumbled about 2% in early trading on Monday. Clorox is one of the country’s best-known household cleaning brands, making items such as bleach, detergents and cleaners. File Photo by Chip Somodevilla/EPA-EFE

Sept. 18 (UPI) — In a regulatory filing on Monday, cleaning-product company Clorox said a cyberattack in August has led to supply shortages.

Clorox admitted in the filing that, while it took immediate action when it learned about activity on some of its information technology systems, it has yet to ramp up its operations fully after the attack.

“The cybersecurity attack damaged portions of the company’s IT infrastructure, which caused wide-scale disruption of Clorox’s operations,” Clorox said in its filing to the Securities and Exchange Commission. “The company is repairing the infrastructure and is reintegrating the systems that were proactively taken offline.”

Clorox said it expects to start the process of transitioning back to normal automated order processing next week. It told the SEC it has already resumed production at most of its manufacturing sites and expects to reach full production over time.

“At this time, the company cannot estimate how long it will take to resume fully normalized operations,” Clorox said. “Clorox is still evaluating the extent of the financial and business impact. Due to the order processing delays and elevated level of product outages, the company now believes the impact will be material on [first quarter] financial results.

“It is premature for the company to determine longer-term impact, including fiscal year outlook, given the ongoing recovery.”

Shares for Clorox tumbled about 2% in early trading on Monday. Clorox is one of the country’s best-known household cleaning brands, making items such as bleach, detergents and cleaners.

A similar cyberattack on MGM Resorts last week prevented guests from making charges and from having access their rooms with digital keys.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : United Press International – https://www.upi.com/Top_News/US/2023/09/18/Clorox-cyberattack-operations/9341695057542/

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