Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 261

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 261
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 customer data. Improper activities by third-parties, advances in computer and software capabilities and encryption technology,
new tools and discoveries and other events or developments may facilitate or result in a compromise or breach of our security systems.
Veea’s security measures may not be effective in preventing unauthorized access to the customer data stored on Veea’s servers.
If a breach of our security occurs, Veea could face damages for contract breach, penalties for violation of applicable laws or regulations,
possible lawsuits by individuals affected by the breach and significant remediation costs and efforts to prevent future occurrences.
In addition, whether there is an actual or a perceived breach of Veea’s security, the market perception of the effectiveness of
Veea’s security measures could be harmed and Veea could lose current or potential customers.

Cybersecurity
incidents may have a material adverse effect on Veea’s business, operations, financial performance, customer and vendor relationships,
reputation and brand, and may introduce the possibility of litigations or regulatory investigations or actions.

Veea’s
business operations are vulnerable to cybersecurity incidents that may impact the confidentiality, availability or integrity of information
assets, IT assets, products, services, or solutions. These incidents may include data breaches, intrusions, espionage, data privacy infringements,
leakage of confidential or sensitive data, unauthorized or accidental modification of data and general malfeasance.

Events
or incidents that are caused as a result of vulnerabilities in software or products supplied to us could have a material adverse effect
upon Veea, Veea’s business, financial performance, reputation and brand, potentially slowing operations, leaking valuable or sensitive
information, personal data or damaging Veea’s products that have been installed in Veea’s customers’ networks.

It
is possible that a cybersecurity incident in Veea’s operations or supply chain could have an adverse impact on the integrity of
solutions or services provided by Veea as well as Veea’s ability to comply with legal, regulatory or contractual requirements.
These incidents may include tampering with components, the inclusion of backdoors or implants, the unintentional inclusion of vulnerabilities
in components or software, and cybersecurity incidents which prevent a supplier from being able to fulfil commitments to Veea.

Any
cybersecurity incident including unintended use, misconfiguration, or unintended actions, involving Veea’s operations, supply chain,
product development, services, third-party providers or installed product base, could cause severe harm to Veea and could have a material
adverse effect on Veea’s business, financial performance