Sarcos Technology & Robotics Corp 10-K Cybersecurity GRC - 2024-02-28

Page last updated on July 16, 2024

Sarcos Technology & Robotics Corp reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-02-28 16:35:45 EST.

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10-K filed on 2024-02-28

Sarcos Technology & Robotics Corp filed a 10-K at 2024-02-28 16:35:45 EST
Accession Number: 0000950170-24-022168

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Item 1C. Cybersecurity.

Item 1C. Cyber security. We recognize the critical importance of developing, implementing, and maintaining robust cybersecurity measures to safeguard our information systems and protect the confidentiality, integrity, and availability of our data. Managing Material Risks & Integrated Overall Risk Management We have implemented a risk-based approach to identify and assess the cybersecurity threats that could affect our business and information systems. Our cybersecurity program is aligned with industry standards and includes technical, administrative, and physical controls, including encryption, firewalls, anti-virus systems, and well-documented processes and policies. We continue to promote a company-wide culture of cybersecurity risk management. Cybersecurity considerations are integrated in our decision-making processes. We have an experienced Information Technology (“IT”) team led by our Vice President of Information Systems who reports directly to the Chief Executive Officer and works closely with our management team to evaluate and address cybersecurity risks in alignment with our business objectives and operational needs. Our VP of Information Systems provides regular updates on cybersecurity to the Audit Committee of the Board of Directors. Engagement of Third Parties on Risk Management We engage with a range of external experts, including cybersecurity assessors, consultants, and auditors in evaluating and testing our risk management systems. These partnerships enable us to leverage specialized knowledge and insights. Our collaboration with these third parties includes regular audits, threat assessments, and consultation on security enhancements. Oversight of Third-Party Risk We have established processes to oversee and manage risks relating to third-party service providers. For example, our Security Operations Center, employs a Security Information and Event Management (SIEM) and other systems to monitor risks while also conducting thorough security assessments of all third-party providers before engagement and maintain ongoing monitoring to ensure compliance with our cybersecurity standards. Risks from Cybersecurity Threats We have not encountered cybersecurity challenges that have materially impaired our business strategy, results of operations or financial condition. From time to time, we experience cybersecurity events that require investigation. For additional information regarding whether any risks from cybersecurity threats, including as a result of any cybersecurity incidents are reasonably likely to materially affect our company, including our business strategy, results of operations, or financial condition, please refer to Item 1A, “Risk Factors,” in this annual report on Form 10-K, including the risk factor entitled " We are subject to cybersecurity risks to our operational systems, security systems, infrastructure, and data processed by us or third-party vendors ."

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