Security News > 2023 > November > Rackspace racks up $12M bill in ransomware raid recovery

Rackspace's costs from last year's ransomware infection continue to mount: the cloud hosting biz told America's financial watchdog, the SEC, its total expenses to date regarding that cyberattack have reached $12 million - so far.

Rackspace ultimately blamed the Play crew for the intrusion, and said the miscreants broke in after exploiting CVE-2022-41080, a critical Exchange privilege escalation bug, before Microsoft could issue a fix.

In its most recent 10-Q quarterly report to the SEC, Rackspace said it racked up $5.1 million in ransomware-related expenses between April and September 30, 2023.

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.

In an earlier quarterly expense report, Rackspace told the SEC that it had spent $6.6 million in ransomware-related costs.

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