5 unchanged sentences
operational risks, intellectual property theft, fraud, extortion, harm to employees or customers and violation of data privacy or security laws.
−Removed: The Company is committed to protecting its information system and data from cyber threats.
−Removed: As part of our ongoing efforts to enhance our cybersecurity posture, we conduct an annual review of our information technology control environment and engages third-party security experts to conduct risk and vulnerability assessments including penetration testing.
−Removed: We additionally utilize third party technical tools to control system access and filter, restrict and regulate content that may pose a material risk to the Company.
+Added: The Company is committed to protecting its information system and data from cyber threats.We utilize third party technical tools to control system access and filter, restrict and regulate content that may pose a material risk to the Company.
Employees are required to use multi-factor authentication to access Company systems and undergo annual security training.
7 unchanged sentences
Cybersecurity is an important part of our risk management and an area of focus for our Board and management.
−Removed: Our Board of Directors is responsible for the oversight of risks from cybersecurity threats.
+Added: Our Board of Directors is responsible for the risk oversight of the Company, including cybersecurity risks.
The Board receives updates on a quarterly basis from senior management, including leaders from our Information Technology and Security, Risk Management.
Finance, and Legal teams and our Chief Information Officer regarding matters of cybersecurity.
−Removed: This includes existing and
−Removed: new cybersecurity risks, status on how management is addressing and/or mitigating those risks, cybersecurity and data privacy incidents (if any) and status on key information security initiatives.
+Added: This includes existing and new cybersecurity risks, status on how management is addressing and/or mitigating those risks, cybersecurity and data privacy incidents (if any) and status on key information security initiatives.
The Audit Committee of the Company’s Board of Directors oversees, among other things, the adequacy and effectiveness of the Company’s internal controls, including internal controls designed to assess, identify, and manage material risks from cybersecurity threats.
2 unchanged sentences
The Audit Committee is informed of material risks from cybersecurity threats pursuant to the escalation criteria as set forth in the Company’s disclosure controls and procedures.
−Removed: Although the Company endeavors to mitigate cybersecurity risks, we face cybersecurity risks, threats and attacks that could have a material adverse effect on the Company’s business strategy, results of operations or financial condition.
+Added: The Audit Committee receives reports, briefings and presentations from senior management, including our Chief Information Officer, at periodic committee meetings, including, more in-depth presentations on specific areas of risk and regular enterprise risk management updates.
+Added: Although the Company endeavors to mitigate cybersecurity risks, the nature of our business exposes us to cybersecurity threats and attacks that can lead to the unauthorized acquisition or access, compromise, loss, misuse or theft of our data, including personal information, confidential information or intellectual property.
Additional information on cybersecurity risks we face is discussed in Part I, Item 1A, “Risk Factors,” under the heading “Legal, Tax and Regulatory Risks.”
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.