Ideal Power Inc. 10-K Cybersecurity GRC - 2024-04-01

Page last updated on July 16, 2024

Ideal Power Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-01 16:06:50 EDT.

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10-K filed on 2024-04-01

Ideal Power Inc. filed a 10-K at 2024-04-01 16:06:50 EDT
Accession Number: 0001437749-24-010360

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Item 1C. Cybersecurity.

ITEM 1C: CYBERSECURITY Our Board oversees our cybersecurity program. Our cybersecurity program is managed by our Chief Financial Officer in collaboration with a third-party service provider. During the year ended December 31, 2023, we experienced no material cybersecurity incidents. We utilize a multi-layer approach to identifying and managing cybersecurity risks including anti-virus and content filtering, weekly patch management, network firewall monitoring, utilization of a virtual private network, off-site server and email back-ups, endpoint threat detection and threat hunting, multi-factor authentication and security hardening. In the year ended December 31, 2023, we performed an annual cybersecurity assessment, conducted by our third-party service provider, to evaluate the robustness of our cybersecurity. To date, to our knowledge no external entity has successfully breached our system. If a breach were to be discovered, our Chief Financial Officer would inform our Chief Executive Officer, who would then communicates the information to our Board.

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