The company identifies risks associated with suppliers and subcontractors, particularly cybersecurity threats from hackers, foreign governments, and cyber terrorists. These external parties operate beyond the company's control and may have differing security measures. Although the company implements preventative and responsive strategies, it cannot guarantee complete prevention of security breaches or operational disruptions. Such incidents may result in unauthorized access, data loss, operational interruptions, legal claims, financial penalties, and reputational harm, potentially impacting the company's operations and financial condition materially.
Alexanders Inc's Comment on Supply Chain
The company identifies risks associated with suppliers and subcontractors, particularly cybersecurity threats from hackers, foreign governments, and cyber terrorists. These external parties operate beyond the company's control and may have differing security measures. Although the company implements preventative and responsive strategies, it cannot guarantee complete prevention of security breaches or operational disruptions. Such incidents may result in unauthorized access, data loss, operational interruptions, legal claims, financial penalties, and reputational harm, potentially impacting the company's operations and financial condition materially.
Sources:
Alexanders Inc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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