MGM expects $100M hit from hack that led to data breach
Another noteworthy newspiece of large loss caused by a cybersecurity incident came from Clorox*:<p>&gt; the incident had disrupted portions of the company&#x27;s IT infrastructure... The company expects a loss per share of between 35 cents and 75 cents in the quarter ended on Sept. 30, and for net sales to fall by 23% to 28% from a year earlier. It had reported profit of 68 cents per share in the year-ago period.<p>Still, you see CISOs fight tooth and nail to get a couple million approved for boosting cybersecurity posture.<p><a href="https:&#x2F;&#x2F;www.reuters.com&#x2F;business&#x2F;retail-consumer&#x2F;clorox-expects-quarterly-loss-hit-cyberattack-2023-10-04&#x2F;" rel="nofollow noreferrer">https:&#x2F;&#x2F;www.reuters.com&#x2F;business&#x2F;retail-consumer&#x2F;clorox-expe...</a>