Security News > 2023 > November > How much to clean up a ransomware infection? For Rackspace, about $11M

Rackspace's costs from last year's ransomware infection continue to mount.

In its most recent 10-Q quarterly report to the SEC, Rackspace said it racked up $5 million in ransomware-related expenses in the year to September 30, 2023.

In a quarterly report at the end of last year, Rackspace told the securities regulator it had spent $5.9 million in ransomware-related costs.

Rackspace declined to comment on its ransomware-related losses and legal battles.

"Rackspace Technology does not disclose any information regarding pending litigation other than what may be required in connection with our SEC filings," a spokesperson told The Register.

Spokespeople for Rackspace also got in touch to emphasize that that figure will be and has been reduced by insurance payments.

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https://go.theregister.com/feed/www.theregister.com/2023/11/16/rackspace_ransomware_expenses/