AIRGAIN INC - (AIRG)

10-K Filing Date: March 06, 2024
ITEM 1C. CYBERSECURITY

Cybersecurity Risk Management and Strategy

While we are in the process of fully implementing a comprehensive cybersecurity risk management program, we have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information.

Our cybersecurity risk management program not only fortifies our current defense but also serve as the building blocks for adopting an internationally recognized IT standards framework, such as the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) or the International Organization for Standardization (ISO) 27001. This does not imply that we meet any particular technical standards, specifications, or requirements, only that we intend to use the NIST CSF or ISO 27001 as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business.]

Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas.

Our cybersecurity risk management program includes:

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risk assessments of our risk capacity, conducting pressure and gap analyses, and formalizing our risk tolerance;
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a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents;
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the use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls;
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cybersecurity awareness training of our employees, incident response personnel, and senior management; and
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a third-party risk management process for service providers, suppliers, and vendors, in which we assess their processes, controls, and monitor cybersecurity enhancements to safeguard our interests and mitigate potential risks.

We are building on our current program towards a more comprehensive cybersecurity risk management program. Our roadmap for the future is centered on the maturation of our cybersecurity risk management program to align to international IT frameworks, such as NIST and ISO 27001 that will strengthen our defenses, enhance our threat detection capabilities, and ensure the confidentiality, integrity, and availability of our critical systems and data.

We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition.

Cybersecurity Governance

Our board of directors considers cybersecurity risk as part of its risk oversight function and has delegated to the audit committee of our board of directors (Audit Committee) oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program.

Management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential.

Our management team, including CTO and IT Manager, is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management

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program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team has several years of experience and have been trained for various roles in information technology and cybersecurity at numerous technology companies.

Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security personnel; threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in the IT environment.

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