Item 1B. Unresolved Staff Comments
ITEM
1B – UNRESOLVED STAFF COMMENTS
There
are no unresolved staff comments at December 31, 2023.
ITEM 1C. Cybersecurity
Disclosures
Cybersecurity
Risk Management
We, like other companies in our industry, face several cybersecurity risks in connection with our business.
Our business strategy, results of operations, and financial condition have not, to date, been affected by risks from cybersecurity threats.
During the reporting period, we have not experienced any material cyber incidents, nor have we experienced a series of immaterial incidents,
which would require disclosure.
In
the ordinary course of our business, we use, store and process data including data of our employees, partners, collaborators, and vendors.
To effectively prevent, detect, and respond to cybersecurity threats, we maintain a cyber risk management program, which is comprised
of a wide array of policies, standards, architecture, and processes. The cyber risk management program falls under the responsibility of
our Director of Information Technology (“IT”), who has cross-functional expertise in IT, computer science, cyber security,
and more than 20 years of experience. The IT Director leads a team of IT specialists with similar IT and cybersecurity backgrounds. Under
the guidance of our IT Head, we develop, maintain, and evidence the policies, standards, and processes in a manner consistent with applicable
legal requirements. We also utilize a variety of cybersecurity software from reputable vendors in cybersecurity.
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We have implemented a cybersecurity
risk management program that is designed to identify, assess, and mitigate risks from cybersecurity threats to this data and our systems
and ensure the effectiveness of our security controls. Our cybersecurity risk management program is intended to address applicable NIST
800-171 & CMMC requirements for our business. Our cybersecurity risk management program incorporates several components, including
information security program assessments, continuous monitoring of critical risks from cybersecurity threats using automated tools, backup
testing, periodic threat testing, and documented standards, policies, and procedures. We deploy a wide range of security tools across
the environment, and implement access control policies to further limit access to data within the systems.
We periodically engage third
parties to conduct risk assessments, including penetration testing, tabletops and other system vulnerability analyses. As a result of
these assessments and testing, we have not identified any material cybersecurity risks and are constantly hardening our environment. Additionally,
our program includes annual cybersecurity training for all employees.
Cybersecurity Governance
Our Board of Directors (“Board”)
is responsible for the oversight of cybersecurity risk management. The Board delegates oversight of the cybersecurity risk management
program to the Information Security Oversight Committee (“ISOC"). The Chief Financial Officer (“CFO”), who serves
on ISOC, provides updates to the Audit Committee on our cybersecurity risk management program, including any critical cybersecurity risks,
ongoing cybersecurity initiatives and strategies, and applicable regulatory requirements and industry standards on a quarterly basis.
The CFO also notifies the Board and Audit Committee of any cybersecurity incidents (suspected or actual) and provides updates on the incidents
as well as cybersecurity risk mitigation activities as appropriate.