Clorox and MGM Resorts aren't the only companies dealing with cyberattack damage

LTC Eugene Chu
"It has been a very eventful couple of weeks for cyberattack-related news.

It all kind of started Wednesday of last week when Johnson Controls
revealed it had been hit by a cyberattack. The company warned it “experienced disruptions in portions of its internal information technology infrastructure and applications.” And while the financial impact of that attack has not yet been determined, it also cautioned, it “is assessing whether the incident will impact its ability to timely release its fourth quarter and full fiscal year results.”

But why is this specific cybersecurity incident of particular interest? Many of Johnson Controls’ customers are federal agencies, including the Department of Homeland Security. That agency is reportedly investigating if any floor plans and security information were exposed as a result of the attack.

Then on Wednesday of this week, Clorox gave a shocking earnings warning. The culprit was a significant cybersecurity breach from August — “which caused wide-scale disruption of Clorox’s operations, including order processing delays and significant product outages.”...