Genasys Inc. (GNSS) has disclosed a new risk, in the Cyber Security category.
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Genasys Inc. faces significant cybersecurity risks that could potentially expose the company to substantial losses. The reliance on complex IT Systems, both self-managed and third-party, leaves Genasys vulnerable to cyberattacks, data breaches, and other security incidents, which could compromise sensitive data and disrupt operations. Despite past incidents not materially affecting the company, the evolving threat landscape, including sophisticated attack methods and AI-related vulnerabilities, heightens future risks. Additionally, third-party software issues, like the CrowdStrike incident, underscore potential operational interruptions, potentially impacting financial performance and reputation.
The average GNSS stock price target is $5.25, implying 94.44% upside potential.
To learn more about Genasys Inc.’s risk factors, click here.
