FEDERALSEC 10-K Item 1CFirst filing
Filed Nov 19, 2024bd_c7a212b79aa4960f
During the weekend of September 23, 2023, the registrant experienced a cybersecurity incident impacting its internal IT infrastructure and applications. The incident disrupted portions of business applications, causing lost and deferred revenues primarily tied to order processing and logistics, and disrupted certain billing systems, negatively impacting cash provided from continuing operations in Q1 fiscal 2024. The overall impact, net of insurance recoveries, was not material to full-year fiscal 2024 net income or cash flows.