Rackspace Ransomware Costs Soar to Nearly $12M
Financial disclosures filed over the past year show that Rackspace Technology has continued to rack up expenses and losses following last year’s December ransomware attack on one of its hosted Microsoft Exchange servers. So far, the incident costs have soared well into eight figures. Rackspace is a Texas-based, cloud computing services provider, largely for small…
Ransomware Attack Cleanup Costs: $10M So Far for Rackspace
After the attack comes the bill: Ransomware and data-exfiltration attacks continue to stick victims with serious cleanup, legal and other costs. Cloud computing giant Rackspace has so far spent $10.8 million responding to an attack against its hosted Exchange environment by the Play ransomware group that began late last November, the company said in an…
Rackspace Ransomware Incident Highlights Risks of Relying on Mitigation Alone
The recent ransomware incident at Rackspace that took down the company’s hosted Microsoft Exchange server environment has focused attention on the often-risky gamble that security teams take when choosing to mitigate a vulnerability — rather than apply a patch for it. Last week, Rackspace disclosed that a Dec. 2 intrusion into the hosting company’s Exchange…
