Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 45

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1A
Chunk 45
---
addressing certain
information security
vulnerabilities, such
as hardware-based
vulnerabilities, may
affect
the performance
of our 
information
technology
systems.
The
ability
of
our
hardware
and
software
providers
to
deliver
patches
and
updates
to
mitigate 
vulnerabilities in a timely manner can introduce
additional risks, particularly when a vulnerability is being actively
exploited by threat 
actors.
Moreover,
our
efforts
to
timely
mitigate
vulnerabilities
and
manage
such
risks,
given
the
rise
in
number
and
urgency
of 
required patches and third-party software, as well as
the obsolescence in some of our hardware and
software, may impact our day-
to-day operations, the availability of our systems and
delay the deployment of technology enhancements
and innovation.
If Popular’s operational systems,
or those of
external parties on which
Popular’s businesses depend, are
unable to meet 
the requirements of our
businesses and operations or bank
regulatory standards, or if they
fail, have other significant
shortcomings 
or are impacted by cyber-attacks, Popular could
be materially and adversely affected. 
Unforeseen or
catastrophic events,
including
extreme weather
events and
other natural
disasters, man-made
disasters, 
acts of violence or
war, or the
emergence of pandemics or epidemics, could
cause a disruption in our
operations or other 
consequences that could have a material adverse
effect on our financial condition and results
of operations. 
A
significant
portion
of
our
operations
are
located
in
the
Caribbean
and
Florida,
a
region
susceptible
to
hurricanes, 
earthquakes and other
similar events. In
2017, Puerto Rico,
USVI and BVI
were severely impacted
by Hurricanes Irma
and María, 
which resulted in significant disruption to our operations and adversely affected
our clients in these markets, and in 2022, Hurricane 
Fiona impacted the
southwest area of
Puerto Rico,
adversely affecting our
customers in
that region. Other
types of
unforeseen or 
catastrophic events, including
pandemics, epidemics, man-made
disasters, or