Company: BIAF
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003892
Chunk: 40

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 40
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 technology will prevent significant breakdowns, data leakages, breaches in our
systems, or other cyber incidents that could have a material adverse effect upon our reputation, business, operations, or financial condition.
For example, if such an event were to occur and cause interruptions in our operations, it could result in a material disruption of our
programs, and the development of our diagnostic tests and therapeutic product candidates could be delayed. In addition, the loss of clinical
trial data for our diagnostic tests and therapeutic product candidates could result in delays in our marketing approval efforts and significantly
increase our costs to recover or reproduce the data. Furthermore, significant disruptions of our internal information technology systems
or security breaches could result in the loss, misappropriation, and/or unauthorized access, use, or disclosure of, or the prevention
of access to, confidential information (including trade secrets or other intellectual property, proprietary business information, and
personal information), which could result in financial, legal, business, and reputational harm to us. Like all businesses we may be increasingly
subject to ransomware or other malware that could significantly disrupt our business operations or disable or interfere with necessary
access to essential data or processes. Numerous recent attacks of this nature have also involved exfiltration and disclosure of sensitive
or confidential personal or proprietary information, or intellectual property, when victim companies have not paid the cyber criminals
substantial ransom payments. For example, any such event that leads to unauthorized access, use, disclosure, unavailability, or compromised
integrity of personal or other sensitive or essential information, including personal information regarding our clinical trial subjects
or employees, could harm our reputation directly, compel us to comply with federal and/or state breach notification laws and foreign law
equivalents, subject us to mandatory corrective action, increase the costs we incur to protect against such information security breaches,
such as increased investment in technology, render key personnel unable to perform duties or communicate throughout the organization,
and otherwise subject us to fines and other liability under laws and regulations that protect the privacy and security of personal information,
which could result in significant legal and financial exposure and reputational damages that could potentially have an adverse effect
on our business.

The costs of mitigating cybersecurity risks are significant
and are likely to increase in the future. These costs include, but are not limited to, retaining the services of cybersecurity providers;
compliance costs arising out of existing and future cybersecurity, data protection and privacy laws and regulations; and costs related
to maintaining redundant networks, data backups and other damage-m