- Clorox Said It Believes Unauthorized Activity On Some IT Systems From Aug. 14 Is Contained Due To Steps Co Has Taken To Address Incident; Said It Believes Impact Will Be Material On Q1 Financial Results
Portfolio Pulse from Charles Gross
Clorox has reported unauthorized activity on some of its IT systems from August 14. The company believes it has contained the incident due to measures taken. However, it anticipates a material impact on its Q1 financial results.
September 18, 2023 | 10:19 am
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NEGATIVE IMPACT
Clorox's Q1 financial results are expected to be materially impacted due to unauthorized activity on its IT systems. The company believes the incident is contained.
The unauthorized activity on Clorox's IT systems could have led to disruptions in operations, potential data breaches, and costs related to containment and mitigation. These factors are likely to negatively impact the company's Q1 financial results, hence the negative score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100