Company: SYRA
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001493152-25-009873
Chunk: 257

Company: Syra Health Corp
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1A
Chunk 257
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 successfully launch and market our services in the future.

We
attempt to limit, by contract, our liability for damages arising from our negligence, errors, mistakes or security breaches. However,
contractual limitations on liability may not be accepted by our customers, may not be enforceable or may otherwise not provide sufficient
protection to us from liability for damages. We maintain liability insurance coverage, including coverage for cyber-liability. It is
possible, however, that claims could be denied or exceed the amount of our applicable insurance coverage, if any, or that this coverage
may not continue to be available on acceptable terms or in sufficient amounts. Even if these claims do not result in liability to us,
investigating and defending against them could be expensive and time consuming and could divert management’s attention away from
our operations. In addition, negative publicity caused by these events may negatively impact our customer relationships, market acceptance
of our solutions or may harm our reputation and our business.

-11-

Disruptions
in service or damages to our data or systems failures, could have a material adverse impact on our business, results of operations or
financial condition.

Our
business operations depend on our ability to maintain and protect our network and computer systems, some of which are outsourced to certain
third-party hosting providers. Our operations are vulnerable to interruption and/or damage from a number of sources, many of which are
beyond our control, including, without limitation: (1) power loss and telecommunications failures; (2) fire, flood, hurricane and other
natural disasters; (3) software and hardware errors, failures or crashes; and (4) cyber and ransomware attacks, computer viruses, hacking,
break-ins, sabotage, intentional acts of vandalism and other similar disruptive problems. The occurrence of any of these events could
result in interruptions, delays or cessations in service to users of our solutions, which could impair or prohibit our ability to provide
our solutions, reduce the attractiveness of our solutions to our customers and could have a material adverse impact on our business,
results of operations or financial condition. If customers’ access to our solutions is interrupted, we could be in breach of our
agreements with customers and/or exposed to significant claims. Any significant instances of system downtime could negatively affect
our reputation and ability to provide our services, which could have a material adverse impact on our business, results of operations
or financial condition.

Breaches
and failures of IT systems and the sensitive information we transmit, use and store, expose us to