FUEL TECH, INC. 10-K Cybersecurity GRC - 2024-03-11

Page last updated on July 16, 2024

FUEL TECH, INC. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-03-11 16:31:53 EDT.

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10-K filed on 2024-03-11

FUEL TECH, INC. filed a 10-K at 2024-03-11 16:31:53 EDT
Accession Number: 0001437749-24-007335

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Item 1C. Cybersecurity.

ITEM 1C - CYBERSECURITY Risk Assessment and Strategy Fuel Tech regularly evaluates cybersecurity risk from computer viruses and more sophisticated and targeted cyber-related attacks such as ransomware, as well as cybersecurity failures resulting from human error and technological errors. Such risks are reviewed by our Information Technology Steering Committee on a quarterly basis, or more frequently if deemed appropriate. Our overall strategy in combatting known cybersecurity risks includes a variety of individual tactics, including: ● the use of antivirus software, virtual private networks, email security, as well as other software to prevent and detect data intrusions. ● the deployment of updates and patches as they are available and maintaining the current versions of major software to reduce the exposure to vulnerabilities. ● the use of third-party service to conduct mandatory online training for all employees regarding identifying and avoiding cyber-security risks. ● the review of the security procedures used by third parties that may host or otherwise have access to Fuel Tech’s data. ● the deployment of third-party cyber-security experts to perform penetration testing on our internal and external networks and systems in an effort to identify potential vulnerabilities. ● if necessary, the use of third-party security experts if and when an incident is detected We are not aware of having experienced any material cybersecurity incidents. We are not aware of any existent cybersecurity threats that would materially affect, or are reasonably likely to materially affect, our business strategy, results of operations or financial conditions. For more information, please see “Cybersecurity” under Item 1A “Risk Factors” above. Management Oversight Day-to day management of cybersecurity threats is conducted by our Information Technology department which is charged with identifying and reporting threats to senior management. On a quarterly basis, cybersecurity is reviewed by our Information Technology Steering Committee, which is comprised of our Chief Executive Officer, Chief Financial Officer, General Counsel and Head of Information Technology. Board Oversight The Audit Committee of our Board of Directors, which is composed of all non-employee directors, is responsible for oversight of management’s efforts to eliminate cybersecurity risks.

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