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The Growing Threat of Ransomware Attacks: Rackspace and the Cost of Cleanupwordpress,ransomwareattacks,cybersecurity,databreach,datasecurity,Rackspace,cleanup,cyberthreats,malware,cyberattacks

The Growing Threat of Ransomware Attacks: Rackspace and the Cost of Cleanup

Rackspace Faces Costly Fallout from Ransomware Attack Introduction Rackspace, a leading provider of managed cloud hosting services, has found itself grappling with the aftermath of a ransomware attack that occurred in December 2022. The attack, orchestrated by the Play ransomware group, targeted a zero-day exploit within the Microsoft Exchange server. As a result, thousands of…

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Rackspace's Ransomware Woes: Navigating the Tangible Costs of a Cyber Catastrophewordpress,Rackspace,ransomware,cybercatastrophe,tangiblecosts

Rackspace’s Ransomware Woes: Navigating the Tangible Costs of a Cyber Catastrophe

Cyber Attack Costs Rackspace Millions in Damages and Legal Fees In an unfortunate turn of events, leading managed cloud hosting services company, Rackspace, has recently been hit with a devastating ransomware attack. The attack, which occurred in December 2022, greatly disrupted the company’s email service, impacting thousands of its customers, predominantly small-to-midsize businesses. As a…

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