Clorox Products Face Shortage Following August Cyberattack
Clorox warns that a cyberattack in August has resulted in reduced operations and an elevated level of consumer product availability issues. The company expects to begin transitioning to normal production levels next week but cannot estimate how long it will take to fully resume operations. The cyberattack caused widescale disruption to Clorox's IT infrastructure, and the impact is expected to be material on Q1 financial results. This comes as the third high-profile cybersecurity event in recent weeks, following attacks on MGM and Caesar's. The Clorox shortages coincide with the start of respiratory disease season, with the CDC cautioning that flu and RSV activity is likely to increase over the fall and winter.