secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001193125-22-301429
Event type: cyber
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Rackspace ransomware incident contained to Hosted Exchange email; ~1% of revenue affected
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000119312522301429/0001193125-22-301429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000119312522301429/d429186d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-301429

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