Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 211

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1
Chunk 211
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 could cause irreversible harm to affected individuals and expose Worldcoin to legal and reputational
consequences. The market value of biometric data is significant; stolen iris templates can be used to create deepfakes, spoof identity
systems, and facilitate account takeovers in financial, governmental, and healthcare contexts. Attackers may attempt to circumvent Worldcoin’s
safeguards through creative and unconventional methods.

A
successful security breach or cyberattack could result in:

    ●
    a
    partial or total loss of our digital assets in a manner that may not be covered by insurance or the liability provisions of the custody
    agreements with the custodians who hold our digital assets;
  
    ●
    harm
    to our reputation and brand;
  
    ●
    improper
    disclosure of data and violations of applicable data privacy and other laws; or
  
    ●
    significant
    regulatory scrutiny, investigations, fines, penalties, and other legal, regulatory, contractual and financial exposure.

Further,
any actual or perceived data security breach or cybersecurity attack directed at other companies with digital assets or companies that
operate digital asset networks, regardless of whether we are directly impacted, could lead to a general loss of confidence in the broader
Worldcoin ecosystem or in the use of the Worldcoin network to conduct financial transactions, which could negatively impact us.

Attacks
upon systems across a variety of industries, including industries related to Worldcoin, are increasing in frequency, persistence, and
sophistication, and, in many cases, are being conducted by sophisticated, well organized groups and individuals, including state actors.
The techniques used to obtain unauthorized, improper or illegal access to systems and information (including personal data and digital
assets), disable or degrade services, or sabotage systems are constantly evolving, may be difficult to detect quickly, and often are
not recognized or detected until after they have been launched against a target. These attacks may occur on our systems or those of our
third-party service providers or partners. We may experience breaches of our security measures due to human error, malfeasance, insider
threats, system errors or vulnerabilities or other irregularities. In particular, we expect that unauthorized parties will attempt to
gain access to our systems and facilities, as well as those of our partners and third-party service providers, through various means,
such as hacking, social engineering, phishing and fraud. Threats can come from a variety of sources, including criminal hackers, hacktivists,
state intrusions, industrial