2022-12-19 PROGRESS SOFTWARE CORP /MA Cybersecurity Incident

Page last updated on April 11, 2024

PROGRESS SOFTWARE CORP /MA initially disclosed a cybersecurity incident in an SEC 8-K filing on 2022-12-19 16:05:36 EST.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date:
Disclosure Date: 2022-12-19
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2022-12-19

PROGRESS SOFTWARE CORP /MA filed an 8-K at 2022-12-19 16:05:36 EST
Accession Number: 0000876167-22-000212

Item 8.01 Other Events.

Following the detection of irregular activity on certain portions of its corporate network, Progress Software Corporation (“Progress” or “the Company”) engaged outside cybersecurity experts and other incident response professionals to conduct a forensic investigation and assess the extent and scope of the cyber incident. During the investigation, Progress and its external advisors uncovered evidence of unauthorized access to Progress’ corporate network, including evidence that certain company data has been exfiltrated.

Progress has remained fully operational throughout this cyber incident. While Progress’ investigation remains ongoing, the Company (i) has and is continuing to implement a series of containment and related measures aimed at addressing this cyber incident and further strengthening the overall security of its information technology systems, (ii) has engaged outside legal counsel to conduct a thorough independent investigation of the cyber incident, and (iii) has engaged federal law enforcement with respect to the cyber incident.

As the investigation remains ongoing, Progress will continue to assess the potential impact on its business, operations and financial results. Based upon Progress’ assessment of the investigation at this time, the Company currently does not believe that the cyber incident will have a material impact on its business, operations or financial results.

Company Information