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Adobe Inc.
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== Risks related to Operations == * '''Cybersecurity risks:''' Adobe is a major provider of cloud-based services, which makes it a target for cyberattacks. A successful cyberattack could result in the loss of customer data, financial losses, and damage to Adobe's reputation. For example, in 2013, Adobe was the victim of a cyberattack that resulted in the theft of customer data. This cyberattack had a significant impact on Adobe's reputation and its business. * '''Data privacy risks:''' Adobe collects and stores a significant amount of customer data. A data privacy breach could result in fines, lawsuits, and damage to Adobe's reputation. For example, in 2019, Adobe was fined $1.1 million by the French data protection authority for failing to properly protect customer data. * '''Product liability risks:''' Adobe's products could be subject to product liability claims. These claims could result in financial losses and damage to Adobe's reputation. For example, in 2018, Adobe was sued by a customer who claimed that Adobe's software had caused her computer to crash. This lawsuit is still pending. * '''Intellectual property risks:''' Adobe owns a valuable portfolio of intellectual property. Infringement of this intellectual property could result in financial losses and damage to Adobe's reputation. For example, in 2017, Adobe was sued by a company that claimed that Adobe had infringed its patent on a technology used in its Creative Cloud software. This lawsuit was settled out of court. * '''Workforce risks:''' Adobe relies on a talented workforce to develop and deliver its products and services. Fluctuations in the labor market could make it difficult for Adobe to attract and retain top talent. For example, the COVID-19 pandemic has led to an increase in the demand for tech workers, which has made it more difficult for Adobe to attract and retain top talent.
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