On Monday, Clorox announced that it is facing significant financial repercussions from ongoing production disruptions caused by a cyberattack that occurred last month.
The company, known for its bleach products and Pine-Sol, among other household items, also mentioned that it cannot estimate when it will be able to resume full operations.
The cybersecurity breach is expected to affect the company’s fiscal first quarter results due to product outages and delays, according to Clorox.
Despite this, Clorox believes that the threat has been contained. The company anticipates beginning the process of bringing its systems back online next week and aims to gradually resume full production.
Clorox first disclosed the cyberattack on August 14, revealing that its systems had been compromised.
Upon discovering the breach, the company took its systems offline and involved law enforcement.
A month later, the attack continues to cause “widescale disruption” to the company’s operations, as noted in a Clorox securities filing.
While repairs are underway, the company has had to rely on manual processes for many of its operations, leading to a reduction in order processing and fewer products reaching store shelves.
This incident at Clorox coincides with similar issues faced by Las Vegas casino operators MGM and Caesars, both of which are also dealing with cyberattacks.
MGM has also indicated a potential significant impact on its finances. On Monday, Clorox shares fell approximately 1%.
