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HighPeak Energy maintains a cybersecurity program that aims to protect the confidentiality, integrity, and availability of data required by our business to be stored, analyzed, transported, and/or processed.
−Removed: The Company has implemented various internal and external controls and processes, including internal risk assessment and policy implementation, to incorporate a risk-based cybersecurity framework to monitor and mitigate security threats and other strategies to increase security for our information, facilities, and infrastructure.
+Added: The Company has implemented various internal and external controls and processes, including internal risk assessment and policy implementation, to incorporate a risk-based cybersecurity framework to identify, monitor and mitigate security threats and other strategies to increase security for our information, facilities, and infrastructure.
Risk Management and Strategy
The Company recognizes the risk that cybersecurity threats pose to our operations, and cybersecurity is an important component of our overall risk management strategy.
−Removed: HighPeak Energy’s cybersecurity team consists of certain of our executive officers as well as internal and third-party cybersecurity personnel.
−Removed: The cybersecurity team, led by professionals with cybersecurity expertise across multiple industries, takes a cross-functional approach to addressing these risks and engages in discussions with the Board and our executive management team on an as-needed basis.
+Added: HighPeak Energy’s cybersecurity team consists of certain of our executive officers, as well as internal and third-party cybersecurity personnel, with cybersecurity expertise across multiple industries.
+Added: The cybersecurity team takes a cross-functional approach to addressing these risks and engages in discussions with the Board and our executive management team on an as-needed basis.
We have implemented a monitoring and detection system to help promptly identify cybersecurity incidents.
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HighPeak Energy leverages technological tools and partners with the goal of augmenting and enabling the efforts of its internal cybersecurity team.
−Removed: Separately, management and oversight of the risks from cybersecurity threats associated with our engagement of third-party service providers is included in our internal auditing processes.
−Removed: In connection with and pursuant to the IRP, our incident response team, made up of management, employees and third-party cybersecurity personnel, works collaboratively across HighPeak Energy to carry out a program that has been designed to protect our information system from cybersecurity threats, assess and manage risks arising from any such threats, and to respond to potential cybersecurity incidents.
+Added: Separately, our internal auditing processes include processes to identify, manage and oversee the risks from cybersecurity threats associated with our engagement of third-party service providers.
+Added: In connection with and pursuant to the IRP, our incident response team, made up of management, employees and third-party cybersecurity personnel, works collaboratively across HighPeak Energy to carry out a program that has been designed to protect our information systems from cybersecurity threats, assess and manage risks arising from any such threats, and to respond to potential cybersecurity incidents.
We have an IRP that delineates the procedures to be followed for handling a variety of cybersecurity incidents;
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Management plays a role in assessing and managing our material risks from cybersecurity threats through membership on our cybersecurity team, as well as by making final materiality determinations and disclosures and other compliance decisions, as reflected in the HighPeak Energy IRP.
+Added: Our cybersecurity team is made up of experienced professionals, both employees and third parties with extensive backgrounds in information security, risk management, and incident response.
+Added: This team is lead by an officer of the Company, bringing over a decade of experience in IT leadership, policy development, and technology strategy.
+Added: With a strong background in overseeing IT departments and driving digital transformation, the team plays a critical role in ensuring the security, efficiency, and innovation of our technology infrastructure.
+Added: Cybersecurity remains a top priority, with a focus on risk management, regulatory compliance, and safeguarding company data.
+Added: Our cybersecurity team regularly interacts with the Board of Directors and the Audit Committee, providing insights on IT governance, cybersecurity initiatives, and emerging technology trends.
Impact of Risks from Cybersecurity Threats
As of the date of this Report, though the Company and our service providers have experienced certain cybersecurity incidents, we are not aware of any previous cybersecurity threats that have materially affected, or are reasonably likely to materially affect, the Company, including our business strategy, results of operations or financial condition.
−Removed: Notwithstanding the approach we take to cybersecurity, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on us.
+Added: Despite the implementation of our cybersecurity processes, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on us.
For more information on our cybersecurity related risks, see “Item 1A.
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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.