Progress Software discloses zero-day vulnerability in MOVEit Transfer

PROGRESS SOFTWARE CORP /MA

On May 28, 2023, Progress learned of unusual activity in MOVEit Transfer, discovering a zero-day vulnerability allowing unauthorized escalated privileges.
Progress notified customers and took down MOVEit Cloud on May 30, releasing patches for all supported versions on May 31.
MOVEit Transfer and MOVEit Cloud accounted for less than 4% of Progress' annual gross revenue as of May 31, 2023.
Progress engaged outside cybersecurity experts and federal law enforcement; does not currently believe the vulnerability will materially impact business or financial results.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.