2 unchanged sentences
acknowledge the increasing importance of cybersecurity in today’s digital and interconnected world.
−Removed: Cybersecurity threats pose significant
−Removed: risks to the integrity of our systems and data, potentially impacting our business operations, financial condition and reputation.
−Removed: a smaller reporting company, we currently do not have formalized cybersecurity measures, a dedicated cybersecurity team or specific protocols
+Added: Cybersecurity threats pose
+Added: significant risks to the integrity of our systems and data, potentially impacting our business operations, financial condition and reputation.
+Added: a smaller reporting company, we currently do not have enhanced cybersecurity measures, a dedicated cybersecurity team or robust protocols
in place to manage cybersecurity risks.
−Removed: Our approach to cybersecurity is in the developmental stage, and we have not yet conducted comprehensive
−Removed: risk assessments, established an incident response plan or engaged with external cybersecurity consultants for assessments or services.
+Added: We have not yet conducted comprehensive risk assessments, established an incident response plan
+Added: or engaged with external cybersecurity consultants for assessments or services.
+Added: We intend to invest more resources into improving our
+Added: assessment and response to cybersecurity risk in the future.
our current stage of cybersecurity development, we have not experienced any significant cybersecurity incidents to date.
−Removed: However, we recognize
−Removed: that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks, data breaches and other cybersecurity
+Added: recognize that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks, data breaches and other cybersecurity
Such events could potentially lead to unauthorized access to, or disclosure of, sensitive information, disrupt our business
operations, result in regulatory fines or litigation costs and negatively impact our reputation among customers and partners.
+Added: cybersecurity incidents could have material adverse effects on our business strategy, financial condition, and results of operations
+Added: (e.g., a significant breach could result in direct financial losses due to fraud, system downtime impacting revenue generation, increased
+Added: compliance costs or contractual liabilities with third-party vendors and customers).
are in the process of evaluating our cybersecurity needs and developing appropriate measures to enhance our cybersecurity posture.
1 unchanged sentence
and developing an incident response strategy.
−Removed: Our goal is to establish a cybersecurity framework that is commensurate with our size, complexity
−Removed: and the nature of our operations, thereby reducing our exposure to cybersecurity risks.
−Removed: addition, the Board will oversee any cybersecurity risk management framework and a dedicated committee of the Board or an officer appointed
−Removed: by the Board will review and approve any cybersecurity policies, strategies and risk management practices.
+Added: Our goal is to establish a cybersecurity framework that is commensurate with our size,
+Added: complexity and the nature of our operations, thereby reducing our exposure to cybersecurity risks.
+Added: addition, the Board will oversee any cybersecurity risk management framework, and the Board’s governance committee and the firm’s
+Added: CEO, Steven Rossi, will review and approve any cybersecurity policies, strategies and risk management practices .
+Added: The Board (or designated committee
+Added: or officer) will receive periodic updates on cybersecurity risks, including emerging threats, mitigation efforts and incident response
+Added: The updates will be provided at least annually, or more frequently as needed, to ensure cybersecurity risks are appropriately
+Added: managed and integrated into our broader risk oversight strategy.
our efforts to improve our cybersecurity measures, there can be no assurance that our initiatives will fully mitigate the risks posed
2 unchanged sentences
measures in response to emerging threats.
+Added: We do, however, have cybersecurity insurance coverage in the aggregate amount of $1,000,000
+Added: per annual policy period, which covers damages from a range of potential cyber security issues including but not limited to property
+Added: damage, privacy liability, privacy regulatory defense, cyber extortion, and post breach remediation.
a discussion of potential cybersecurity risks affecting us, please refer to the “Risk Factors” section.
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.