Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 54

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 54
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 Due to the nature of our operations, the wide range of products and services we offer, the significant volume of activities and operations performed, and the global context of digital transformation, where there is an ever-increasing integration among platforms, a growing use of cloud computing, an intensification of relationships with external technology providers, and an extensive use of the internet and connectivity solutions, the technological environment is exposed to various types of risks, whether arising from internal or external factors. We face certain additional risks, relating to:
 
·   Necessity of continuing to redesign and develop our information technology architecture and applications;
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·   Need to update and integrate legacy systems with emerging technological models in a timely manner;
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·              The ever-increasing dependency on service providers due to the migration of certain services to the cloud,           
    which demands robust governance and new ways of mitigating security and continuity risks that go beyond our control environment;
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·   The extensive use of internet, artificial intelligence and connectivity solutions; and
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·   The increasing difficulty in attracting and retaining specialized IT personnel in a competitive market.
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 Considering the use of new technologies, the increasing dependence on the internet and the changing and sophisticated nature of cybersecurity attacks, it is not possible to predict all the means that will be used by ill-intentioned individuals or organizations, which could impact our capacity to effectively foresee and/or avoid cyberattacks. Any of these events or any new factors may cause interruption, increased costs, delays in processing information and/or losses in the transmission of essential data, which may affect our business, reputation and operating and financial conditions.
  
20 – Form 20-F 2024 | Bradesco
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3.D.20.05-02 The loss of members of senior management, or our ability to attract and maintain key personnel, could have a material adverse effect on us.
 Our ability to maintain our competitive position and implement our strategy depends on our senior management. The loss of some of the members of our senior management, or our inability to maintain and attract additional personnel, could have a material adverse effect on our operations and our ability to implement our strategy.
 Our performance and success are largely dependent on the talent and efforts of highly skilled individuals. Talent attraction and retention is one of the key pillars supporting our results, which is focused on client satisfaction and sustainable performance. Our ability to attract, develop, motivate and retain the right number of appropriately qualified people is critical to our performance and ability to thrive globally. Concurrently, we face the