FUEL DOCTOR HOLDINGS, INC. - (FDOC)

10-K Filing Date: March 12, 2024
ITEM 1C. CYBERSECURITY

 

In connection with the Acquisition, we recently reshaped our Board of Directors, which is addressing the implementation of a number of internal policies and procedures, among them cybersecurity and risk assessment. While we presently do not have formal cybersecurity and risk assessment policies and procedures in place, which may make us susceptible to heightened cybersecurity risks, we do not at this time anticipate collecting or storing any significant personal information, personal data or confidential information related to customers, consumers, employees, or vendors. Moreover, we have invested in measures to reduce these risks and we intend to have our Board of Directors develop, adopt and implement a cybersecurity risk management program and formal processes for assessing risk, which may be implemented by Company personnel or which we may outsource to be managed by third party service providers. In addition, pursuant to applicable SEC transition guidance, certain disclosures required in this item will only be applicable to the Company from the fiscal year ending on December 31, 2024. See “Risk Factors” for additional information.