1 unchanged sentence
CYBERSECURITY
−Removed: processes for assessing, identifying, and managing material risks from cybersecurity threats are not advanced.
−Removed: None of our personnel
−Removed: are trained specialists in cybersecurity;
−Removed: we rely on off-the-shelf” security software.
−Removed: We have not conducted employee training
−Removed: regarding cybersecurity or conducted internal tests or simulations.
−Removed: Nonetheless, we believe that, due to the nature and status of our
−Removed: business, our cybersecurity position is currently satisfactory for our situation.
−Removed: We do not believe that cybersecurity risks have materially
−Removed: affected (or are reasonably likely to materially affect) us.
−Removed: have only four employees and so disclosure of cybersecurity events to management would occur organically, or would in the first instance
−Removed: be observed by management.
−Removed: information of ours which resides on our CROs’ computer systems, we rely on the CROs’ own cybersecurity processes and systems.
+Added: acknowledge the increasing importance of cybersecurity in today’s digital and interconnected world.
+Added: Cybersecurity threats pose
+Added: significant risks to the integrity of our systems and data, potentially impacting our business operations, financial condition and reputation.
+Added: a smaller reporting company, we currently do not have enhanced cybersecurity measures, a dedicated cybersecurity team or robust protocols
+Added: in place to manage cybersecurity risks.
+Added: We have not yet conducted comprehensive risk assessments, established an incident response plan
+Added: or engaged with external cybersecurity consultants for assessments or services.
+Added: We intend to invest more resources into improving our
+Added: assessment and response to cybersecurity risk in the future.
+Added: our current stage of cybersecurity development, we have not experienced any significant cybersecurity incidents to date.
+Added: recognize that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks, data breaches and other cybersecurity
+Added: Such events could potentially lead to unauthorized access to, or disclosure of, sensitive information, disrupt our business
+Added: operations, result in regulatory fines or litigation costs and negatively impact our reputation among customers and partners.
+Added: cybersecurity incidents could have material adverse effects on our business strategy, financial condition, and results of operations
+Added: (e.g., a significant breach could result in direct financial losses due to fraud, system downtime impacting revenue generation, increased
+Added: compliance costs or contractual liabilities with third-party vendors and customers).
+Added: are in the process of evaluating our cybersecurity needs and developing appropriate measures to enhance our cybersecurity posture.
+Added: includes considering the engagement of external cybersecurity experts to advise on best practices, conducting vulnerability assessments
+Added: and developing an incident response strategy.
+Added: Our goal is to establish a cybersecurity framework that is commensurate with our size,
+Added: complexity and the nature of our operations, thereby reducing our exposure to cybersecurity risks.
+Added: addition, the Board will oversee any cybersecurity risk management framework, and the Board’s governance committee will review
+Added: and approve any cybersecurity policies, strategies and risk management practices.
+Added: Board (or designated committee or officer) will receive periodic updates on cybersecurity risks, including emerging threats, mitigation
+Added: efforts and incident response activities.
+Added: The updates will be provided at least annually, or more frequently as needed, to ensure cybersecurity
+Added: risks are appropriately managed and integrated into our broader risk oversight strategy.
+Added: our efforts to improve our cybersecurity measures, there can be no assurance that our initiatives will fully mitigate the risks posed
+Added: by cyber threats.
+Added: The landscape of cybersecurity risks is constantly evolving, and we will continue to assess and update our cybersecurity
+Added: measures in response to emerging threats.
+Added: We may consider cybersecurity insurance coverage in the future, which will cover damages from
+Added: a range of potential cyber security issues including but not limited to property damage, privacy liability, privacy regulatory defense,
+Added: cyber extortion and post breach remediation.
+Added: a discussion of potential cybersecurity risks affecting us, please refer to the “ Risk Factors ” section.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.