Venture Lending & Leasing IX, Inc. 10-K Cybersecurity GRC - 2024-03-15

Page last updated on April 11, 2024

Venture Lending & Leasing IX, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-03-15 15:20:25 EDT.

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10-K filed on 2024-03-15

Venture Lending & Leasing IX, Inc. filed an 10-K at 2024-03-15 15:20:25 EDT
Accession Number: 0001717310-24-000002

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Item 1C. Cybersecurity.

ITEM 1C. CYBERSECURITY Through its Manager, the Fund maintains a cybersecurity risk management program designed to identify, assess, manage, and mitigate threats, as well as respond to and recover from cybersecurity incidents. This program is coupled with an enterprise risk management program and covers the Fund s key information systems. The cybersecurity risk management program includes a comprehensive risk assessment that is applicable to the Fund s operations. This assessment is based on recognized standards for cybersecurity and information technology as set forth in the National Institute of Standards and Technology ( NIST ) Cybersecurity Framework ( CSF ). It is reviewed and updated at least annually. Internal controls designed to mitigate risks presented in the assessment are tested annually by an independent third party. Additionally, the Manager, on behalf of the Fund, contracts with a qualified third party to perform annual assessments of the Company s cybersecurity risk management program and to perform cybersecurity risk evaluations of selected key vendors. Another third party is engaged to provide day to day IT services which include implementing, monitoring, and maintaining the preventative and detective measures specified as part of the Fund s cybersecurity risk management program. The Manager s Chief Compliance Officer led the development and oversees the implementation of the cybersecurity program, and is the head of the Manager s cybersecurity team, supported by the Director of Compliance. The Chief Compliance Officer is responsible for assessing and managing the Manager s cyber risk management program, informs senior management regarding the prevention, detection, mitigation, and remediation of cybersecurity incidents and supervises such efforts. The cybersecurity team, inclusive of all third parties engaged to provide operations, monitoring, detection, and remediation, has extensive experience selecting, deploying, and operating cybersecurity technologies, initiatives, and processes. 18 The Audit Committee of the Board of Directors oversees the Fund s cybersecurity risk exposures and the steps taken by management to monitor and mitigate identified risks. The Chief Compliance Officer briefs the Audit Committee on the effectiveness of the cyber risk management program at least on a quarterly basis. In addition, cybersecurity risks and cyber incidents, if any, are reviewed by the Fund s Board of Directors at least annually as part of the risk mapping exercise, or as warranted in the event of material incidents. The Fund faces risks from cybersecurity threats that could have a material adverse effect on its business, financial condition, results of operations, cash flows or reputation. See Risk Factors Risks Related to Cybersecurity" for further information on how our operations are subject to cyber incidents that could have a material adverse effect on our business, financial condition, results of operations, or cash flows.

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