Progress Software (NASDAQ:PRGS) on Friday stated that it had received a subpoena from the U.S. District of Columbia asking for paperwork and data associated to a cybersecurity incident involving the corporate’s file-transfer software program.
Progress (PRGS) inventory was down 2.2% to $57.12 after hours.
The firm final 12 months disclosed that in May, its investigative group had discovered a zero-day vulnerability within the MOVEit file-transfer software program, which led to the private data and data of many shoppers being compromised.
“On January 18, 2024, Progress (PRGS) received a subpoena from the Office of the Attorney General for the District of Columbia seeking various documents and information relating to the MOVEit Vulnerability,” the corporate stated in a regulatory submitting on Friday.
The subpoena provides to an inventory of a number of inquiries being made into the MOVEit vulnerability by home and overseas knowledge privateness regulators in addition to U.S. federal companies. Progress (PRGS) obtained a subpoena from the Securities and Exchange Commission on October 2 final 12 months, and a preservation discover from the Federal Trade Commission on December 21.
Progress (PRGS) additionally stated that it had received formal letters from 31 clients and others that declare to have been impacted by the MOVEit vulnerability, a few of which indicated that they supposed to hunt compensation from the corporate.
Progress (PRGS) final week delivered a This autumn 2023 high and backside line beat. For full 12 months 2023, the corporate reported income of $694.4M (+15% Y/Y). PRGS in Friday’s submitting stated that MOVEit Transfer and MOVEit Cloud represented lower than 4% of its full 12 months 2023 income.