Company: LGCY
Filing Date: 2025-09-25
Form Type: 10-K
Source: 0001493152-25-014945
Chunk: 400

Company: Legacy Education Inc.
Filing Date: 2025-09-25
Form: 10-K
Item: Item 1A
Chunk 400
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 violations
of those laws or regulations, or any breach, theft or loss of that information, could adversely affect our reputation and operations.

Our
efforts to attract and enroll students result in us collecting, using and keeping substantial amounts of personal information regarding
applicants, our students, their families and alumni, including social security numbers and financial data. We also maintain personal
information about our employees in the ordinary course of our activities. Our services and those of our vendors and other information
can be accessed globally through the Internet. We rely extensively on our network of interconnected applications and databases for day
to day operations as well as financial reporting and the processing of financial transactions. Our computer networks and those of our
vendors that manage confidential information for us or provide services to our students may be vulnerable to unauthorized access, inadvertent
access or display, theft or misuse, hackers, computer viruses, or third parties in connection with hardware and software upgrades and
changes. Such unauthorized access, misuse, theft or hacks could evade our intrusion detection and prevention precautions without alerting
us to the breach or loss for some period of time or may never be detected. We have experienced malware and virus attacks on our systems
which went undetected by our virus detection and prevention software. Regular patching of our computer systems and frequent updates to
our virus detection and prevention software with the latest virus and malware signatures may not catch newly introduced malware and viruses
or “zero-day” viruses, prior to their infecting our systems and potentially disrupting our data integrity, taking sensitive
information or affecting financial transactions. Because our services can be accessed globally via the Internet, we may be subject to
privacy laws in countries outside the U.S. from which students access our services, which laws may constrain the way we market and provide
our services. While we utilize security and business controls to limit access to and use of personal information, any breach of student
or employee privacy or errors in storing, using or transmitting personal information could violate privacy laws and regulations resulting
in fines or other penalties. The adoption of new or modified state or federal data or cybersecurity legislation could increase our costs
and/or require changes in our operating procedures or systems. A breach, theft or loss of personal information held by us or our vendors,
or a violation of the laws and regulations governing privacy could have a material adverse effect on our reputation or result in lawsuits,
additional regulation, remediation and compliance costs or investments in additional security systems to protect our computer networks,
the costs of which may be substantial.