Cybersecurity confession parade led by Clorox, MGM, Caesar's Entertainment
Companies hit by cyberattacks in the last quarter are detailing the financial hits with earnings on tap and rest assured there will be more disclosures to come.
Companies hit by cyberattacks in the last quarter are detailing the financial hits with earnings on tap and rest assured there will be more disclosures to come.
The company is now projecting a loss between 75 cents a share and 35 cents a share. Adjusted earnings will range from a loss of 40 cents a share to breakeven.
\With artificial intelligence (AI) projects all the rage, organizations must make a strategic determination to create a new CxO role at least at a functional level if not at a title level.. This decision should not be made lightly, however. Although the chief AI officer (CAIO) role is critical to an organization’s success, the level of collaboration across business, IT, finance and operations, HR, and legal risk and compliance requires an unprecedented level of cooperation and orchestration. Boards will also want to consider AI at the same level as CyberSecurity.
Clorox said it will see a material impact to its first quarter results as it races to bring IT systems back after a cyberattack. The Clorox news lands days after attacks on MGM Resorts and Caesars Entertainment.