Rackspace’s costs to deal with ransomware attack top $10 million

Eric Killelea reports:

Rackspace Technology Inc. spent $10.8 million on expenses related to a ransomware attack in December that blocked thousands of customers from accessing their emails and related data, according to regulatory filings.

The San Antonio-based cloud computing company paid for costs to “investigate and remediate, legal and other professional services, and supplemental staff resources that were deployed to provide support to customers,” according to filings with the U.S. Securities and Exchange Commission.