The company depends on licenses for data from various suppliers, including sole-service providers, and faces risks if these licenses are terminated, prices increase significantly, or licenses cannot be renewed on favorable terms. Such issues could restrict access to necessary information or increase costs, potentially affecting operating results. Both the company and its third-party cloud providers have experienced, and may continue to experience, data security breaches, including cyber-attacks such as ransomware, phishing, social engineering, and denial-of-service attacks, which could impact the company's reputation, business, and operations. Subsidiaries are subject to similar cybersecurity risks. The company has implemented security measures and policies but relies on third-party vendors and business application providers, which may pose security risks if their systems fail. While the company vets and oversees these vendors, it cannot guarantee the adequacy of these measures.
Roadzen Inc's Comment on Supply Chain
The company depends on licenses for data from various suppliers, including sole-service providers, and faces risks if these licenses are terminated, prices increase significantly, or licenses cannot be renewed on favorable terms. Such issues could restrict access to necessary information or increase costs, potentially affecting operating results. Both the company and its third-party cloud providers have experienced, and may continue to experience, data security breaches, including cyber-attacks such as ransomware, phishing, social engineering, and denial-of-service attacks, which could impact the company's reputation, business, and operations. Subsidiaries are subject to similar cybersecurity risks. The company has implemented security measures and policies but relies on third-party vendors and business application providers, which may pose security risks if their systems fail. While the company vets and oversees these vendors, it cannot guarantee the adequacy of these measures.
Sources:
Roadzen 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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