Extracted from this filing and checked against the source text.
Cybersecurity Incidents
SEC 8-K Item 1.05
confidence 0.9
SouthState Bank Corp disclosed a cybersecurity incident: On February 6, 2024, SouthState Bank, N.A. detected a cybersecurity incident. Upon detection, SouthState initiated incident response and business continuity protocols, took measures to disrupt unauthorized activity, conducted an investigation with a cybersecurity firm, and notified banking regulator. Impact: The cybersecurity incident had a significant impact on certain of SouthState's business processes, but as of the filing date, it has not had a material impact on SouthState's overall financial condition or results of operations, and SouthState has determined that the incident is not reasonably likel. Company determined it not material. Discovered 2024-02-06.
- Nature
- On February 6, 2024, SouthState Bank, N.A. detected a cybersecurity incident. Upon detection, SouthState initiated incident response and business continuity protocols, took measures to disrupt unauthorized activity, conducted an investigation with a cybersecurity firm, and notified banking regulator
- Impact
- The cybersecurity incident had a significant impact on certain of SouthState's business processes, but as of the filing date, it has not had a material impact on SouthState's overall financial condition or results of operations, and SouthState has determined that the incident is not reasonably likel
- Materiality
- not material
- Discovery
- 2024-02-06
Exact text from the filing
it has not had a material impact on SouthState’s overall financial condition or results of operations, and SouthState has determined that the incident is not reasonably likely to have a material impact on its financial conditions or results of operations.
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