secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0000876167-22-000212
Event type: cyber
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progress Software reports cyber incident with unauthorized access and data exfiltration; says not material
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- Detected irregular activity on corporate network; engaged outside cybersecurity experts and incident response professionals.
- Evidence of unauthorized access and data exfiltration found; company remains fully operational.
- Implemented containment measures, engaged outside legal counsel and federal law enforcement.
- Currently believes cyber incident will not have a material impact on business, operations, or financial results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000212/0000876167-22-000212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000212/prgs-20221213.htm
  HTML page:      https://secwatch.observer/filing/0000876167-22-000212

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