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Companies are already feeling the pressure from upcoming US SEC cyber rules

September 28, 2023


On August 14, 2023, bleach and cleaning product giant Clorox filed a form 8-K with the Securities and Exchange Commission, notifying the financial regulator that it had experienced a cybersecurity incident that had disrupted the company’s business operations.

A month later, the company filed another 8-K saying that the damage to its IT infrastructure from what it characterized as unauthorized activity was still wreaking havoc on its production systems, causing processing delays and an elevated level of product outages, all of which would have a material effect on its quarterly financials. The company said it would produce an updated financial impact of the incident once it had increased visibility.

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