Clorox CISO Departs Following Major Cyberattack
The company continues to grapple with the financial and operational fallout, expecting further expenses in future periods.
- Clorox's Chief Information Security Officer (CISO), Amy Bogac, has left the company following a major cyberattack.
- The cyberattack, which occurred in August, caused significant disruption to Clorox's operations, forcing the company to process orders by hand and leading to product availability issues.
- The attack has had a substantial financial impact on Clorox, with a reported 20% drop in Q1 net sales, equating to a $356 million decrease, largely attributed to the cyberattack.
- Expenses related to the cyberattack for the three months ending September 30 totaled $24 million, primarily due to third-party consulting services, IT recovery, and forensic experts.
- Clorox expects to incur additional expenses related to the cyberattack in future periods.