Item 7.01 Regulation FD Disclosure. OnOctober 5, 2021 , the Company issued a press release regarding its recent DDoS attack. A copy of the Company's press release is attached hereto as Exhibit 99.1. Beginning onSeptember 25, 2021 , Bandwidth's communications network has been subjected to a distributed denial of service (DDoS) attack initially causing intermittent communications services disruptions affecting certain of our markets and customers. Bandwidth's mitigation efforts, in conjunction with our partners from leading cybersecurity firms, are proving successful. Bandwidth's network has been largely stable and operating at normal service levels since the evening ofSept. 29 , although there have been some continued intermittent disruptions. We regularly update our customers and partners on our network operational readiness. The status of our network operations may be accessed at https://status.bandwidth.com. We are in the early stages of our investigation and assessment of this incident. Based on our evaluation of the preliminary data and currently known information, we believe that lost transaction volume and potential customer credits may, in the aggregate, reduce our total revenue for the quarter endedSeptember 30, 2021 , by an amount between$0.5 million and$1.5 million . We look forward to discussing more about this attack and our response, our third quarter financial results, and our full year 2021 outlook in our upcoming third quarter 2021 earnings conference call. The information set forth under this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This current report on Form 8-K includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All statements
contained in this current report on Form 8-K other than statements of historical
facts, are forward-looking statements. The words "anticipate," "believe,"
"continue," "estimate," "expect," "intend," "guide," "may," "will" and similar
expressions and their negatives are intended to identify forward-looking
statements. We have based these forward-looking statements largely on our
current expectations regarding the distributed denial of service ("DDoS") attack
discussed above, as well as data loss or other security breaches, our ability to
asses and remedy the DDoS attack referenced above, and legal, reputational and
financial risks resulting from this or other cybersecurity incidents. These
forward-looking statements are subject to a number of risks and uncertainties,
including, without limitation; projections about future events and financial
trends that we believe may affect our financial condition, results of
operations, business strategy, short-term and long-term business operations and
objectives and financial needs, risks related to our rapid growth and ability to
sustain our revenue growth rate, competition in the markets in which we operate,
market growth, our ability to innovate and manage our growth, our ability to
expand effectively into new markets, risks that the anticipated benefits of the
acquisition of Voxbone may not be fully realized or may take longer to realize
than expected, our ability to operate in compliance with applicable laws, as
well as other risks and uncertainties set forth in the "Risk Factors" section of
our latest Form 10-K filed with the
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Press release, datedOctober 5, 2021 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document)
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