Perception Capital Corp. IV 10-K Cybersecurity GRC - 2024-04-22

Page last updated on April 23, 2024

Perception Capital Corp. IV reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-22 20:04:58 EDT.

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10-K filed on 2024-04-22

Perception Capital Corp. IV filed an 10-K at 2024-04-22 20:04:58 EDT
Accession Number: 0001213900-24-035065

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Item 1C. Cybersecurity.

ITEM 1C. CYBERSECURITY The Company maintains a cyber risk management program designed to identify, assess, manage, mitigate, and respond to cybersecurity threats. This program is integrated within the Company s enterprise risk management system and disclosure committee. The program addresses the corporate information technology environment, third-party service providers and customer-facing products and applications. The Company s Chief Financial Officer is responsible for developing and implementing our information security program and reporting on cybersecurity matters to the Board and the audit committee. Our Chief Financial Officer works with our broader IT security team, including our specialty IT advisor. Our specialty IT advisor has over 25 years of experience leading technology oversight, and others on its IT security team have cybersecurity experience or certifications. 37 Our cybersecurity incident response process involves a multi-functional approach for investigating, containing, and mitigating incidents, including reporting findings to senior management and other key stakeholders, including if appropriate the audit committee and the board, and keeping them informed and involved as appropriate. While we have not, as of the date of this Form 10-K, experienced a cybersecurity threat or incident that has had a material impact on our business or operations, we have experienced incidents that did not have a material impact on our business or operations, and there can be no guarantee that we will not experience an incident that results in a material impact to our business or operations in the future. In addition, cybersecurity threats are constantly evolving and increasing in sophistication, which increases the difficulty of successfully defending against them or implementing adequate preventative measures. Our board of directors has ultimate responsibility for oversight of our risk management, and delegates cybersecurity risk management oversight to the audit committee. The audit committee, which is responsible for ensuring that management has processes in place designed to identify, evaluate and manage cybersecurity risks and incidents, regularly reviews our cybersecurity program with management and reports to the board of directors. Cybersecurity reviews by the audit committee generally occur at least quarterly. A number of our directors have experience in assessing and managing cybersecurity risk, including by serving on other public company audit committees having responsibility for cybersecurity oversight. Our cybersecurity program is run by our Chief Financial Officer, who reports to our Board, with support from our specialty IT advisor. Our specialty IT advisor has extensive experience leading and managing cybersecurity programs and in cybersecurity risk management. Our specialty advisor has served in this position since 2023 and is supported by its information security team, many of whom hold cybersecurity certifications and who collectively possess relevant experience in different areas of cybersecurity. Our Chief Financial Officer is informed about and monitors prevention, detection, mitigation, and remediation efforts through regular communication and reporting from our information security team, internal governance processes, and by reviewing the results of internal and third-party assessments and audits. Our Chief Financial Officer regularly reports directly to the audit committee on our cybersecurity program and our efforts to prevent, detect, mitigate, and remediate cybersecurity risks.

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