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New York Post
28 days

Clorox sues IT firm Cognizant over cyberattack, alleges hackers got passwords simply by asking

1. Clorox sues Cognizant over a cyberattack that compromised its network. 2. Hackers gained access by tricking Cognizant staff for employee passwords. 3. The attack resulted in $380 million in damages to Clorox. 4. Remedial costs were $50 million, affecting product shipment drastically. 5. Cognizant allegedly failed to protect Clorox from basic security checks.

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Why Bearish?

The significant damages and disruption to operations suggest potential long-term issues for CLX.

How important is it?

The lawsuit's financial implications, security failures, and operational disruptions are substantial for CLX.

Why Long Term?

Financial implications may affect CLX’s stock performance over the next few quarters.

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