Personalis, Inc. 10-K Cybersecurity GRC - 2024-02-28

Page last updated on April 11, 2024

Personalis, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-02-28 16:15:21 EST.

Filings

10-K filed on 2024-02-28

Personalis, Inc. filed an 10-K at 2024-02-28 16:15:21 EST
Accession Number: 0000950170-24-022097

Note: filing items unformatted. Drop us a note with the above URL to help us prioritize formatting it!

Item 1C. Cybersecurity.

Item 1C. Cybersecurity Risk Management and Strategy We have implemented and maintain various information security processes designed to identify, assess and manage material risks from cybersecurity threats to our critical computer networks, third party hosted services, communications systems, hardware and software, and our critical data, including intellectual property, confidential information that is proprietary, strategic or competitive in nature, personal information, and Personal Health Information ( PHI ) (collectively, Information Systems and Data ). The board of director s audit committee and the internal cybersecurity team help identify, assess and manage the Company s cybersecurity threats and risks, including through the use of our risk register. Our internal cybersecurity team includes our information security function, security management, engineering operations, legal, risk management and third-party service providers. Our cybersecurity team identifies and assesses risks from cybersecurity threats by monitoring and evaluating our threat environment and Personalis risk profile using various methods including, for example: using manual and automated tools, conducting scans of the threat environment, evaluating our and our industry s risk profile, evaluating threats reported to us, conducting threat assessments, employee reporting, and regular reviews and internal and external audits. Depending on the environment, we implement and maintain various technical, physical, and organizational measures, processes, standards and policies designed to manage and mitigate material risks from cybersecurity threats to our Information Systems and Data, including, for example: incident response plan, incident detection and response, disaster recovery and business continuity plans, risk assessments, network security controls, access controls, user management, asset management, hardware and data segregation, system monitoring and regular reviews. Our assessment and management of material risks from cybersecurity threats are integrated into our overall risk management processes. For example, cybersecurity risk is addressed as a component of our enterprise risk management program and identified in our risk register. Additionally, the cybersecurity team monitors activity on a continual basis and works with security management to prioritize our risk profile and mitigate cybersecurity threats that are more likely to lead to a material impact to our business on a monthly basis; executive management evaluates material risks from cybersecurity threats against our overall business objectives on a periodic basis and reports to the audit committee of the board of directors, which evaluates our overall enterprise risk periodically. We use third-party service providers to assist us from time to time to identify, assess, and manage material risks from cybersecurity threats, including for example cybersecurity consultants, threat intelligence service providers, and professional services firms. We use third-party service providers to perform a variety of functions throughout our business, including, but not limited to infrastructure support and maintenance, supply chain resources, contracting services and software integrations. These vendors are reviewed as part of our vendor management program, including the management of cybersecurity risks associated with our use of these providers. Depending on the nature of the services provided, the sensitivity of the Information Systems and Data at issue, and the identity of the provider, our vendor management process may involve different levels of assessment designed to help identify cybersecurity risks associated with a provider and impose contractual obligations related to cybersecurity on the provider. For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see our risk factors under Part I, Item1A. Risk Factors in this Annual Report on Form 10-K, including If our information technology systems or data, or those of third parties upon which we rely, are or were compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse consequences. Governance Our board of directors addresses our cybersecurity risk management as part of its general oversight function. The board of directors audit committee is responsible for overseeing the Company s cybersecurity risk management processes. Our cybersecurity risk assessment and management processes are implemented and maintained by certain of our management, including the Vice President of Informatics, who has more than 20 years of experience in information technology and oversees the Informatics department which includes the Company s hardware, software, help desk, and cybersecurity team. The Vice President of Informatics reports to our Chief Financial Officer and is responsible for hiring appropriate personnel, helping to integrate cybersecurity risk considerations into our overall risk management strategy, and communicating key priorities to relevant personnel. The Vice President of Informatics is responsible for approving budgets, helping prepare for cybersecurity incidents, approving cybersecurity processes, and reviewing security assessments and other security-related reports. Our cybersecurity incident response and vulnerability management processes are designed to escalate certain cybersecurity incidents to members of management depending on the circumstances, including the internal cybersecurity team and others, depending 53 Table of Contents on severity. The cybersecurity team works with our incident response team to help the company mitigate and remediate cybersecurity incidents of which they are notified. In addition, our incident response processes include reporting to the audit committee of the board of directors for certain cybersecurity incidents. The board of directors receives periodic updates from certain members of the cybersecurity team concerning the Company s significant cybersecurity threats and risk and the processes we have implemented to address them. The audit committee and board also have access to various reports, summaries or presentations related to cybersecurity threats, risk and mitigation.

Company Information