UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 8.01 | Other Information. |
ADT Inc. (“ADT” or the “Company”) recently became aware of unauthorized activity on the Company’s network, and discovered an unauthorized actor had illegally accessed ADT’s network using compromised credentials obtained through a third-party business partner.
The Company promptly took steps to shut down the unauthorized access, notified the third party its systems had been compromised, launched an investigation, and implemented counter measures intended to safeguard the Company’s information technology assets and operations. ADT has hired leading third-party cybersecurity experts to assist with the Company’s response to the incident, and is working closely with federal law enforcement. The Company is also cooperating closely with its third-party business partner to address the incident.
The Company believes the unauthorized actor exfiltrated certain encrypted internal ADT data associated with employee user accounts during the intrusion. Based on its investigation to date, the Company does not believe customers’ personal information has been exfiltrated, or that customers’ security systems have been compromised. ADT’s containment measures have resulted in some disruptions to the Company’s information systems, and the Company’s investigation is at an early stage and ongoing.
Forward Looking Statements
ADT has made statements in this filing that are forward-looking and therefore subject to risks and uncertainties, including those described below. All statements, other than statements of historical fact, included in this document are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) and are made in reliance on the safe harbor protections provided thereunder. These forward-looking statements relate to, among other things, the impact from the cybersecurity incident, the scope of the investigation and the Company’s plans, objectives, projections and expectations relating to the Company’s operations or financial condition, and assumptions related thereto. Without limiting the generality of the preceding sentences, any time we use the words “ongoing,” “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and, in each case, their negative or other various or comparable terminology, and similar expressions, we intend to clearly express that the information deals with possible future events and is forward-looking in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. We caution that these statements are subject to risks and uncertainties, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this filing, including, among others, the Company’s ongoing assessment of the impacts of the cybersecurity incident; the Company’s expectations regarding its ability to contain and remediate the cybersecurity incident; the Company’s ability to coordinate effectively with its third party business partner to address the cybersecurity incident; the impact of the cybersecurity incident on the Company’s
relationships with customers, employees and regulators; legal, reputational and financial risks resulting from the cybersecurity incident; the Company’s ability to effectively implement counter measures intended to safeguard the Company’s information technology assets and operations; and that any future, or still undetected, cybersecurity related incident, whether an attack, disruption, intrusion, denial of service, theft or other breach could result in unauthorized access to, or disclosure of, data, resulting in claims, costs and reputational harm that could negatively affect our actual results of operations or financial condition; and risks that are described in the Company’s Annual Report and its Quarterly Reports on Form 10-Q, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in those reports, and in our other filings with the SEC. Any forward-looking statement made in this filing speaks only as of the date on which it is made. ADT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 7, 2024
| ADT Inc. | ||
| By: | /s/ Jeffrey Likosar | |
| Name: | Jeffrey Likosar | |
| Title: | President, Corporate Development and Transformation, and Chief Financial Officer | |