ProSomnus, Inc. 10-K Cybersecurity GRC - 2024-03-27

Page last updated on April 11, 2024

ProSomnus, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-03-27 09:11:13 EDT.

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10-K filed on 2024-03-27

ProSomnus, Inc. filed an 10-K at 2024-03-27 09:11:13 EDT
Accession Number: 0001558370-24-004017

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Item 1C. Cybersecurity.

Item 1C. Cybersecurit y The Company s Board of Directors (the Board ) recognizes the critical importance of maintaining the trust and confidence of our customers, clients, business partners and employees. The Board is actively involved in the oversight of the Company s risk management program, and cybersecurity represents an important component of the Company s overall approach to enterprise risk management ( ERM ). Risk Management and Strategy As one of the critical elements of the Company s overall ERM approach, the Company s cybersecurity program is focused on the following key areas: Governance and Cybersecurity Testing : The Board s oversight of cybersecurity risk management is supported by the Company s Chief Technology Officer ( CTO ). The Company is in the process of strengthening the periodic assessment and testing of the Company s policies, standards, processes and practices that are designed to address cybersecurity threats and incidents. These efforts include a wide range of activities, including audits, assessments, vulnerability testing and other exercises focused on evaluating the effectiveness of our cybersecurity measures and planning. The Company engages third parties to perform assessments on our cybersecurity measures, including information security maturity assessments, audits and independent reviews of our information security control environment and operating effectiveness. The results of such assessments, audits and reviews are reported to our CTO, and the Company adjusts its cybersecurity policies, standards, processes and practices as necessary based on the information provided by these assessments, audits and reviews. Technical Safeguards: The Company deploys technical safeguards that are designed to protect the Company s information systems from cybersecurity threats, including firewalls, intrusion prevention and detection systems, anti-malware functionality and access controls, which are evaluated and improved through vulnerability assessments and cybersecurity threat intelligence. Incident Response and Recovery Planning: The Company currently relies on an established major incident management and communication process to address any potential cybersecurity incidents. This established process includes the use of third-party partnerships to make available the distinct skill sets needed to assist in properly responding to any cybersecurity threat. The Company is in the process of establishing defined response procedures to effectively address any cyber threat that may occur regardless of the safeguards in place that minimize the chance of a successful cyberattack. The response procedures will be designed to identify, analyze, contain and remediate such cyber incidents expeditiously. These procedures and approach to safeguard the Company s information and assets will be continuously monitored by management and updated to evolve with the current cyber landscape. Cybersecurity threats, including as a result of any previous cybersecurity incidents, have not materially affected or are reasonably likely to affect the Company, including its business strategy, results of operations or financial condition. 64 Table of Contents

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