After being recognized as one of Forbes’ Most Cybersecure Companies and investing over $500 million in IT upgrades, Clorox suffered a significant cyberattack that forced a switch to manual processes, resulting in operational problems and supply chain disruption. This led to a 28% decrease in quarterly sales and wiped out over $3 billion in market valuation. The incident underscores rising cyber threats and the urgent need for organizations to strengthen operational resilience and technological readiness.
Clorox Crisis Shows Cyber Risk’s Harsh Business Downside
After being recognized as one of Forbes’ Most Cybersecure Companies and investing over $500 million in IT upgrades, Clorox suffered a significant cyberattack that forced a switch to manual processes, resulting in operational problems and supply chain disruption. This led to a 28% decrease in quarterly sales and wiped out over $3 billion in market valuation. The incident underscores rising cyber threats and the urgent need for organizations to strengthen operational resilience and technological readiness.