Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 64

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 64
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’s customers, end-users or Veea. Vulnerabilities could be brought in through different stages
of the product life cycle. In some situations, it may be hard to detect these vulnerabilities due to their location, or due to the fact
that they are unknown vulnerabilities, often referred to as “zero-day vulnerabilities.” As almost any modern software can
contain open source and third-party components, so does software in networks, unmitigated security exposures can put Veea customers at
varying levels of risk and expose Veea to liabilities or loss of business.

Veea,
Veea’s partners, and others who use Veea’s services obtain and process a large amount of sensitive data. Any real or perceived
improper or unauthorized use of, disclosure of, or access to such data could harm Veea’s reputation as a trusted brand, as well
as have a material and adverse effect on Veea’s business.

Veea
and Veea’s partners obtain and process large amounts of sensitive data, including data related to customers and their transactions
as well as other users of Veea’s services. Veea faces risks, including to Veea’s reputation as a trusted brand in the handling
and protection of this data, and these risks will increase as Veea’s business continues to expand to include new products and technologies.
Our operations involve the storage and transmission of sensitive information of individuals. Veea has administrative, technical, and
physical security measures in place, and Veea has policies and procedures in place to contractually require third parties to whom Veea
transfers data to implement and maintain appropriate security measures. However, if Veea’s security measures or those of the previously
mentioned third parties are inadequate or are breached as a result of third-party action, employee error, malfeasance, malware, phishing,
hacking attacks, system error, trickery, or otherwise, and, as a result, someone obtains unauthorized access to sensitive information,
including personally identifiable information or protected health information, on Veea’s systems or Veea’s partners’
systems, or if Veea suffers a ransomware or advanced persistent threat attack, or if any of the foregoing is reported or perceived to
have occurred, Veea’s reputation and business could be damaged. If the sensitive information is lost or improperly disclosed or
threatened to be disclosed, Veea could incur significant liability and be subject to regulatory scrutiny and penalties, including costs
associated with remediation. Veea is also required to comply with ever-more stringent privacy regulations, the violation