1 unchanged sentence
The Company has no unresolved comments with the SEC.
+Added: MDU Resources Group, Inc.
Cybersecurity
2 unchanged sentences
The Company has implemented a cyber risk management program to help ensure that the Company's electronic information and information systems are protected from various threats.
−Removed: The cyber risk management program is maintained as part of the Company's overall governance, enterprise risk management program and compliance program.
+Added: The cyber risk management program is maintained as part of the Company's overall governance, ERM program and compliance program.
The Company's information systems experience ongoing and often sophisticated cyberattacks by a variety of sources with the apparent aim to breach the Company's cyber-defenses.
−Removed: The Company may face increased cyber risk due to the increased use of employee-owned devices and work from home arrangements.
+Added: The Company has and may continue to face increased cyber risk due to the increased use of employee-owned devices and work from home arrangements.
The Company is continuously reevaluating the need to upgrade and/or replace systems and network infrastructure.
2 unchanged sentences
The Company continually assesses risks from cybersecurity threats and adapts and enhances its controls accordingly.
−Removed: MDU Resources Group, Inc.
Risks from Cybersecurity Threats
19 unchanged sentences
Other Risk Factors
−Removed: See also “Item 1A – Risk Factors – Other Risks – Technology disruptions or cyberattacks could adversely impact the Company's operations.”
+Added: Notwithstanding the breadth of the Company's information security program, the Company may be unsuccessful in preventing or mitigating a cybersecurity event that could have a material adverse impact.
+Added: See “Item 1A – Risk Factors – Other Risks – Technology disruptions or cyberattacks could adversely impact the Company's operations.”
Board of Directors Oversight
−Removed: The board, as a whole and through its committees, has responsibility for oversight of risk management.
+Added: The Company's board of directors, as a whole and through its committees, has responsibility for oversight of risk management.
In its risk oversight role, the board of directors has the responsibility to satisfy itself that the risk management processes designed and implemented by management are adequate for identifying, assessing, and managing risk.
The audit committee of the board of directors of the Company is responsible for oversight of risks from cybersecurity threats.
+Added: 28 MDU Resources Group, Inc.
Management's Role Managing Risk
−Removed: The CIO plays a large role in informing the audit committee on cybersecurity risks.
−Removed: The audit committee receives presentations and reports from the CIO on cybersecurity related issues which include information security, technology risks and risk mitigation programs regularly at the quarterly board meetings.
−Removed: In addition to scheduled meetings, the CIO and audit committee maintain an ongoing dialogue regarding emerging or potential cybersecurity risks.
+Added: The Company's CIO plays a large role in informing the audit committee of the board of directors on cybersecurity risks.
+Added: The audit committee of the board of directors receives presentations and reports from the CIO on cybersecurity related issues which include information security, technology risks and risk mitigation programs regularly at the quarterly board meetings.
+Added: In addition to scheduled meetings, the CIO and audit committee of the board of directors maintain an ongoing dialogue regarding emerging or potential cybersecurity risks.
Cybersecurity Incident Response
4 unchanged sentences
Monitor, Manage, and Safeguard Against Cybersecurity Incidents and Risks
−Removed: The Company's CIO, along with the director of cybersecurity and a designated security team of professionals, are responsible for assessing and managing risks as well as developing and implementing policies, procedures, and practices based on the range of threats faced by the Company.
+Added: The Company's CIO, along with its director of cybersecurity and a designated security team of professionals, are responsible for assessing and managing risks as well as developing and implementing policies, procedures, and practices based on the range of threats faced by the Company.
There are processes around access management, data security, encryption, asset management, secure system development, security operations, network and device security to provide safeguards from a cybersecurity incident along with continual monitoring of various threat intelligence feeds.
−Removed: 30 MDU Resources Group, Inc.
Cyber Risk Management Personnel
−Removed: The Company's director of cybersecurity reports to the CIO.
−Removed: The CIO, who reports to the chief executive officer, holds a degree in Business Administration and oversees the information technology and cybersecurity portfolios for the Company with over 25 years of information technology experience and 19 years working directly in the energy and utilities business.
−Removed: The director of cybersecurity has a bachelor’s degree in computer information systems, 25 years of information security experience, and holds certified information systems security professional and certified risk and information systems control certifications.
−Removed: The members of the designated cybersecurity team that report to the director of cybersecurity have a combined 57 years of experience.
−Removed: The other members of information technology director level leadership also responsible for managing cybersecurity risks have a combined 95 years of experience and have degrees including Bachelor of Computer Information Systems, information systems management, electronics, electrical engineering, business administration, and accounting, along with certified information systems auditor certification and a cybersecurity fundamentals certificate.
+Added: The Company's director of cybersecurity reports to the CIO and the CIO reports directly to the Company's chief executive officer.
+Added: The Company's CIO who served as the first CIO of the Company since 2016, oversaw the information technology and cybersecurity portfolios until her retirement on January 10, 2025.
+Added: A new CIO from within the Company was named to succeed the retiring CIO and holds both a bachelor's and master's degree in business administration with over 25 years of information technology experience in the energy and utilities business.
+Added: The director of cybersecurity has a bachelor’s degree in computer information systems, over 25 years of information security experience, and holds certified information systems security professional and certified risk and information systems control certifications.
+Added: The other members of information technology director level leadership also responsible for managing cybersecurity risks have degrees including Bachelor of Computer Information Systems, information systems management, electronics, electrical engineering, business administration, and accounting, along with certified information systems auditor certification and a cybersecurity fundamentals certificate.
Cyber Risk Oversight Committee
−Removed: Additionally, in 2014 the board of directors established CyROC to provide executive management and the audit committee with analyses, appraisals, recommendations and pertinent information concerning cyber defense of the Company's electronic information, information technology and operation technology systems.
−Removed: The CyROC is responsible for guiding the Company's comprehensive cybersecurity policies.
−Removed: The CyROC is chaired by the Company's CIO and is comprised of members such as the chief financial officer, information technology leaders, internal auditors, and other leaders from the Company's business segments.
+Added: Additionally, in 2014 the board of directors established CyROC to provide executive management and the audit committee of the board of directors with analyses, appraisals, recommendations and pertinent information concerning cyber defense of the Company's electronic information, information technology and operation technology systems.
+Added: The CyROC is responsible for guiding the Company's comprehensive cybersecurity policies and oversight of cybersecurity risks.
+Added: The CyROC is chaired by the Company's CIO and is comprised of members such as the chief financial officer, information technology leaders, internal auditors, and other leaders from across the Company.
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.