3 unchanged sentences
The Company has multi-layer processes to assess, identify, manage and mitigate material risks from cybersecurity threats.
−Removed: Members of senior leadership, including the Volato Group Board (“Board”), assesses potential material risks to the business and the Company’s ability to meet strategic priorities, including risks from cybersecurity threats.
+Added: Members of senior leadership, including the Board, assess potential material risks to the business and the Company’s ability to meet strategic priorities, including risks from cybersecurity threats.
The Company’s senior leadership receives updates from relevant functional heads or other subject matter specialists on these potential material risks as well as the processes or other steps being taken to manage or mitigate the risks.
1 unchanged sentence
The Company’s senior leadership assesses and prioritizes risk based on impact to shareholders, operations, and strategic priorities, among other factors.
−Removed: Members of senior leadership discusses enterprise risks and compliance programs with the Audit Committee of the Board.
+Added: Members of senior leadership discuss enterprise risks and compliance programs with the Audit Committee of the Board.
The Audit Committee makes reports to the Board, who also receive updates from members of senior management on material risks to the Company.
16 unchanged sentences
In 2023, we conducted an enterprise risk assessment that included an assessment of cybersecurity risk in context with other enterprise-level risks.
−Removed: For additional information regarding potential cybersecurity risks, see relevant business and operational risks under Item 1A, "Risk Factors", of this Annual Report on Form 10-K.
+Added: For additional information regarding potential cybersecurity risks, see relevant business and operational risks under Item 1A, "Risk Factors", of this Annual Report.
In the last three years, we have not experienced a material information security breach incident, or any penalties or settlements related to the same, and the expenses we have incurred from information security breach incidents were immaterial.
3 unchanged sentences
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.