Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 53

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 53
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 or those of our customers, service providers, business
partners, or employees may be compromised by a malicious third-party penetration of our network security, or that of a third-party service
provider or business partner or impacted by intentional or unintentional actions or inactions by our employees, or those of a third-party
service provider or business partner. As a result, our users’ information may be lost, disclosed, accessed, or taken without our
users’ consent. We have experienced attempts to breach our systems and other similar incidents in the past and anticipate that
it may occur in the future. For example, we expect that we will be subject to attempts to gain unauthorized access to or through our
information systems, whether by our employees or third parties, including cyber-attacks by computer programmers and hackers who may develop
and deploy viruses, worms or other malicious software programs. To date, attempts to breach our systems have not had a material impact
on our business, operations, or financial results, but we cannot provide assurance that they will not have a material impact in the future.

  28  

We
rely on encryption and authentication technology licensed from third parties in an effort to securely transmit confidential and sensitive
information, including payment card information. Advances in computer capabilities, new technological discoveries, or other developments
may result in the whole or partial failure of this technology to protect transaction data or other confidential and sensitive information
from being breached or compromised. In addition, apps and websites are often attacked through compromised credentials, including those
obtained through phishing and credential stuffing. Our security measures, and those of our third-party service providers, may not detect
or prevent all attempts to breach our systems, denial-of-service attacks, viruses, malicious software, break-ins, phishing attacks, social
engineering, security breaches, or other attacks and similar disruptions that may jeopardize the security of information stored in or
transmitted by our apps, websites, networks, and systems or that we or such third parties otherwise maintain, including payment card
systems, which may subject us to fines or higher transaction fees or limit or terminate our access to certain payment methods. We and
such third parties may not anticipate or prevent all types of attacks until after they have already been launched. Further, techniques
used to obtain unauthorized access to or sabotage systems change frequently and may not be known until launched against us or our third-party
service providers.

In
addition, distributed ledger technology is an emerging technology that offers new capabilities that are not fully proven in use