Nascent Biotech Inc. - (NBIO)
10-K Filing Date: July 01, 2024
We are highly dependent on third-party provided software applications to conduct key operations. We depend on both our own systems as well as the systems, networks and technology of our contractors, consultants, vendors and other business partners.
Our cybersecurity evaluation identifies various risks and issues that we continue to mitigate to further improve our program. This includes:
· | Establishing a cybersecurity training program.. |
· | Setting up and implementing a third-party risk management program to support a Third-Party Risk Management Policy and process to assess the risks associated with our critical third-party vendor engagements. |
· | Setting up and testing a Cybersecurity Incident Response Plan. |
· | Establishing additional processes for identifying cybersecurity threats and vulnerabilities within the environment in which we operate. |
· | Enhancing our technical security safeguards and configurations. |
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Process for Assessing, Identifying and Managing Material Risks from Cybersecurity Threats
In the event of a cybersecurity incident designated personnel are responsible for assessing the severity of an incident and associated threat, containing the threat, remediating the threat, including recovery of data and access to systems, analyzing any reporting obligations associated with the incident, and performing post-incident analysis and program enhancements. Our Company maintains an insurance policy through an independent insurance company for claims pursuant to a cybersecurity claim for damages.