13 unchanged sentences
Because we are aware of the risks associated with third-party service providers, we conduct security assessments of all third-party providers before engagement to ensure compliance with industry cybersecurity standards and frameworks.
−Removed: This includes assessments performed by our Senior Director of IT, who oversees the Company’s cybersecurity function.
+Added: This includes assessments performed by our Vice President of IT and Cybersecurity , who oversees the Company’s cybersecurity function.
Risks from Cybersecurity Threats
−Removed: The Company does not believe that it has experienced any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect the Company and its business strategy, results of operations and/or financial condition.
+Added: The Company does not believe that it has experienced any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect the Company and its business strategy, results of operations and/or financial
These types of events, which could lead to business disruptions, unplanned downtimes or outages, particularly in critical systems or services, may impact our ability to operate efficiently, affecting business continuity.
We have implemented standard operating procedures to define the channels by which cybersecurity threats are communicated to the Board.
−Removed: This ensures that Board has oversight and effective governance in managing risks associated with cybersecurity threats.
+Added: This ensures that the Board has oversight and effective governance in managing risks associated with cybersecurity threats.
Board of Directors Oversight
2 unchanged sentences
Management’s Role Managing Risk
−Removed: The Senior Director of IT plays a pivotal role in informing the Audit Committee on cybersecurity risks.
+Added: The Vice President of IT and Cybersecurity plays a pivotal role in informing the Audit Committee on cybersecurity risks.
This role provides briefings to the Audit Committee on a regular basis, with a minimum frequency of once per year.
5 unchanged sentences
Risk Management Personnel
−Removed: Primary responsibility for assessing, monitoring and managing our cybersecurity risks rests with the Senior Director of IT and department staff.
+Added: Primary responsibility for assessing, monitoring and managing our cybersecurity risks rests with the Vice President of IT and Cybersecurity and department staff.
Our IT team oversees our governance programs, tests our compliance with standards, remediates known risks, stays informed of significant developments in the cybersecurity domain, and leads our employee training program.
7 unchanged sentences
Reporting to Board of Directors
−Removed: The Senior Director of IT consistently communicates with the Audit Committee regarding critical cybersecurity risks and incidents, ensuring that the organization's highest governance bodies remain well-informed about our cybersecurity status and potential vulnerabilities.
−Removed: Moreover, matters of significant cybersecurity importance, along with strategic risk management decisions, are promptly escalated to the Board of Directors .
+Added: The Vice President of IT and Cybersecurity consistently communicates with the Audit Committee regarding critical cybersecurity risks and incidents, ensuring that the organization's highest governance bodies remain well-informed about our cybersecurity status and potential vulnerabilities.
+Added: Moreover, matters of significant cybersecurity importance, along with strategic risk management decisions, are promptly escalated to the Board .
This process ensures that the Board maintains thorough oversight and is equipped to offer informed guidance on critical cybersecurity issues.
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.