Rackspace Records $5M in Expenses Related to 2022 Ransomware Attack
Rackspace Records $5M in Expenses Related to 2022 Ransomware Attack
15 November 2023
The attack disrupted email access for customers, leading to the discontinuation of the Hosted Exchange product. Rackspace expects to receive $5.4 million in insurance reimbursement, but the timing may differ from expense recognition.