cyber
confidence high
sentiment negative
materiality 0.50
Rackspace ransomware incident contained to Hosted Exchange email; ~1% of revenue affected
Rackspace Technology, Inc.
- CrowdStrike confirmed incident was quickly contained and limited solely to the Hosted Exchange Email business.
- Hosted Exchange Email business represents approximately 1% of Rackspace's total annual revenue.
- No other Rackspace products, platforms, or businesses affected; customers being migrated to Microsoft Office 365.
- Company maintains cybersecurity insurance and expects to absorb potential financial costs.
- Investigation ongoing, with focus on root cause and additional security measures.