Risk Factors Update Summary
- Increased focus on cybersecurity risks, including potential breaches and attacks, may lead to significant financial losses.
- Costs to comply with privacy and data security laws are expected to remain significant.
- Expansion of international operations to Asia, the Americas, and Europe, with 88% of revenues from outside the U.S.
- Research and development expenses increased from $332 million to $337 million in fiscal 2023.
- Identified material weakness in internal control over financial reporting could lead to misstatements.
- Disruptions in the financial services industry could impact operations and financial condition.
- Concerns over financial institutions may affect access to cash, credit, and financing terms.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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