Conduent cyber breach: personal data of clients' end-users exfiltrated; material Q1 notification costs

CONDUENT Inc

Incident on Jan 13, 2025: threat actor gained unauthorized access to a limited environment; systems restored within days/hours.
Threat actor exfiltrated files containing personal information of clients' end-users; data not released on dark web yet.
Company incurred material non-recurring expenses in Q1 for potential notification requirements; maintains cyber insurance.
Company notified federal law enforcement; investigation ongoing to determine full impact of exfiltrated data.

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