BARNWELL INDUSTRIES INC 10-K

ITEM 1B. UNRESOLVED STAFF COMMENTS None. ITEM 1C. CYBERSECURITY We recognize the importance of assessing, identifying, and managing material risks from cybersecurity threats. Our policies, standards, and procedures for assessing, identifying, and managing material risks from cybersecurity threats are integrated into our overall risk management system. In this regard, we use various tools and processes to help prevent, identify, and resolve any identified vulnerabilities and security incidents in a timely manner. These include, but are not limited to, internal reporting, periodic employee awareness updates, engaging experts and third-party monitoring and detection tools. We employ third-party information technology (“IT”) consultants to manage our information technology environment and help manage and assess cybersecurity risks. Our IT Steering Committee, comprised of our Chief Executive Officer, our Chief Financial Officer, our General Counsel, and an IT consultant, oversees efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which includes oversight over our third-party IT consultants, monitoring systems and employee engagement. Our senior management team is responsible for reporting any identified cybersecurity risks to the Audit Committee of our Board of Directors. The Audit Committee of our Board of Directors meets periodically with management to review the Company’s overall policies with respect to risk assessment and risk management, including a review the systems and processes implemented by management to identify, assess, manage, and mitigate 31 cybersecurity risks. Our senior management is responsible for the day-to-day supervision of the material risks we may face. Our risks from cybersecurity threats have not affected or are reasonably not likely to materially affect our business strategy, results of operations, or financial condition.