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India

Chegg Says Reaffirmed Previous Guidance For Q3 Of 2018 - SEC Filing


Wednesday, 26 Sep 2018 

Sept 25 (Reuters) - Chegg Inc ::CHEGG SAYS REAFFIRMED PREVIOUS GUIDANCE FOR Q3 OF 2018 - SEC FILING.CHEGG - ON SEPT 19, CO LEARNED THAT ON OR AROUND APRIL 29, AN UNAUTHORIZED PARTY GAINED ACCESS TO A CO DATABASE.CHEGG INC - EXPECTS TO START NOTIFYING APPROXIMATELY 40 MILLION ACTIVE AND INACTIVE REGISTERED USERS AND CERTAIN REGULATORY AUTHORITIES ON SEPTEMBER 26.CHEGG - BELIEVES SECURITY INCIDENT TO NOT HAVE MATERIAL IMPACT ON FINANCIAL RESULTS FOR FULL YEAR ENDING DECEMBER 31, 2018.CHEGG INC - UNDERSTANDS THAT NO SOCIAL SECURITY NUMBERS OR FINANCIAL INFORMATION WERE OBTAINED IN INCIDENT.CHEGG - COMPANY DATABASE THAT WAS ACCESSED HOSTS USER DATA FOR CHEGG.COM & CERTAIN OF CO'S FAMILY OF BRANDS SUCH AS EASYBIB.CHEGG INC - INFORMATION THAT MAY HAVE BEEN OBTAINED COULD INCLUDE A CHEGG USER'S NAME, EMAIL , SHIPPING ADDRESS, USERNAME, & HASHED PASSWORD.CHEGG INC - INVESTIGATION INTO INCIDENT, WHICH IS SUPPORTED BY THIRD-PARTY FORENSICS, IS ONGOING. 

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