Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 429

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 429
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incidents can result from deliberate attacks or unintentional events. There have been an increased number of significant cyber-attacks
targeted at the retail, insurance, financial and banking industries that include, but are not limited to, gaining unauthorized access
to digital systems for purposes of misappropriating assets or sensitive information, corrupting data or causing operational disruption.
Cyber-attacks may also be carried out in a manner that does not require gaining unauthorized access, such as by causing denial-of-service
attacks on websites. Cyber-attacks by third parties or insiders utilize techniques that range from highly sophisticated efforts to electronically
circumvent network security or overwhelm a website to more traditional intelligence gathering, and social engineering aimed at obtaining
information necessary to gain access.

25

Increased
global IT security threats are more sophisticated and targeted computer crimes pose a risk to the security of our systems and networks
and the confidentiality, availability and integrity of our data. The open nature of interconnected technologies may allow for a network
or Web outage or a privacy breach that reveals sensitive data or transmission of harmful/malicious code to business partners and clients.
Because the techniques used to obtain unauthorized access, disable, or degrade service, or sabotage systems change frequently and may
be difficult to detect for long periods of time, we may be unable to anticipate these techniques or implement adequate preventive measures.

Cyber-attacks
may result in substantial financial and reputational cost, including but are not limited to:

    ●
    Compromising of confidential
    information;

    ●
    Manipulation and destruction
    of data;

    ●
    Loss of trade secrets;

    ● 
    System downtimes and operational
    disruptions;

    ● 
    Remediation costs that
    may include liability for stolen assets or information and repairing system damage, as well as incentives offered to business partners
    in an effort to maintain business relationships;

    ●
    Loss of revenues resulting
    from unauthorized use of proprietary information;

    ●
    Cost to deploy additional
    protection strategies, training employees and engaging third party experts and consultants;

    ●
    Reputational damage adversely
    affecting investor confidence; and

    ●
    Costly litigation.

The
control environment for cybersecurity is an ever-changing risk landscape across the entire attack surface which includes risks from on-premises,
cloud infrastructure, software as a service and mobile applications. While we attempt to mitigate these risks by employing a number of
cybersecurity measures, such measures may be insufficient to prevent a cyber