…industry experience and cynicism make me suspect that the translation from business-speak/legalese is more like this:

365 DC: “…evaluation to date by our systems team and cybersecurity experts has revealed that, aside from the targeted third party, no data was taken from the 365 Data Centers cloud environment …”

Translation: “We think they encrypted everything as quickly as they could access it, meaning they probably didn’t scan for credit card numbers and personal information. Yet.”

365 DC: “…365 Data Centers believes that at this point in time the prudent path forward is to rebuild the affected cloud platform.”

Translation: “You’ll need to sue us to get your money and data back.”

365 DC: “This will be conducted along with an all-out effort to retrieve all data within the existing cloud environment that can still be accessed.”

Translation: “We have some backups from 2019. If any of your files are among them, we’ll give them back to you in exchange for a settlement where you indemnify us against any other damages. We don’t have anything more recent than that, because we stopped doing any due diligence or maintenance in 2020, figuring we could blame any problems on Covid.”

365 DC: “If your preference is to work with us to restore your service on a new 365 platform, please inform Steve Oakie, 365 Data Centers’ Chief Revenue Officer.”

Translation: “Sure, we’ll be happy to bilk you for more money if you’re dumb enough to keep doing business with us.”

365 DC: “We are saddened by the impact this incident has caused on our many years of collaborative hard work with you to build your cloud services. Our entire organization is sorry for the significant inconvenience that this has brought to you and your business.”

Translation: “You’re on your own. We’re too busy working out how to monetize our remaining assets and distribute the proceeds among management, in the form of golden parachutes, before we declare bankruptcy and dissolve the company. But, really, we do feel bad about it.”