Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 156

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 3
Chunk 156
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 obtain unauthorized, improper or illegal access to systems and information (including personal data and digital
assets), disable or degrade services, or sabotage systems are constantly evolving, may be difficult to detect quickly, and often are
not recognized or detected until after they have been launched against a target. These attacks may occur on our systems or those of our
third-party service providers or partners. We may experience breaches of our security measures due to human error, malfeasance, insider
threats, system errors or vulnerabilities or other irregularities. In particular, we expect that unauthorized parties will attempt to
gain access to our systems and facilities, as well as those of our partners and third-party service providers, through various means,
such as hacking, social engineering, phishing and fraud. Threats can come from a variety of sources, including criminal hackers, hacktivists,
state intrusions, industrial espionage, and insiders. In addition, certain types of attacks could harm us even if our systems are left
undisturbed. For example, certain threats are designed to remain dormant or undetectable, sometimes for extended periods of time, or
until launched against a target and we may not be able to implement adequate preventative measures. Further, there has been an increase
in such activities due to the increase in work arrangements. The risk of cyberattacks could also be increased by cyberwarfare in connection
with the ongoing Russia and Israel conflicts, or other future conflicts, including potential proliferation of malware into systems unrelated
to such conflicts. Any future breach of our operations or those of others in the Worldcoin industry, including third-party services on
which we rely, could materially and adversely affect its financial condition and results of operations.

47

Breaches
could also lead to class action litigation, regulatory investigations, mandatory breach notifications, substantial fines under the EU
GDPR, India’s DPDP Act, or similar regimes, a permanent loss of user trust, or damage to the ecosystem, among other risks. Even
if a hack or breach does not actually occur and is only an advertised threat, for example through social media, any publicity about a
breach or a hack could cause regulatory scrutiny and severe reputational risk. Because Worldcoin’s system links each user’s
biometric “uniqueness” to a persistent digital identity and many have been given tokens, any compromise could also cause
a manipulation of governance votes across the network if the hack is large enough. These factors, many of which are outside Worldcoin’s
direct control, represent