Knightscope, Inc. 10-K Cybersecurity GRC - 2024-04-01

Page last updated on July 16, 2024

Knightscope, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-01 17:25:49 EDT.

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10-K filed on 2024-04-01

Knightscope, Inc. filed a 10-K at 2024-04-01 17:25:49 EDT
Accession Number: 0001410578-24-000417

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity Cybersecurity Risk Management and Strategy 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 includes a cybersecurity incident response plan. We design and assess our program based on the FedRAMP framework. This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use the FedRAMP requirements as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is part of our overall enterprise risk management program. Our cybersecurity risk management program includes: ● Security assessments are designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise information technology environment. ● A cyber security leader is principally responsible for managing (i) our cybersecurity risk assessment processes, (ii) our security controls, and (iii) our response to cybersecurity incidents. ● The use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls. ● Cybersecurity awareness training for all our employees. ● A cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents. 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. For more information, see the section titled “Risk Factor- Our business and operations may suffer in the event of information technology system failures, cyberattacks or deficiencies in our cybersecurity.” Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the “Committee”) oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cyber risk management program. Our management team, includes Mercedes Soria, EVP and Chief Intelligence Officer /Chief Information Security Officer, (“CISO”) has primary responsibility for our overall cybersecurity program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. who has over 3 years of cyber risk management experience, is responsible for assessing and managing our material risks from cybersecurity threats. Ms. Soria has successfully led the Company’s FedRAMP (Federal Risk and Authorization Management Program) Authority to Operate (ATO) review process. Achieving a FedRAMP Authority to Operate (ATO) signifies that Knightscope has met a comprehensive and rigorous set of cybersecurity standards designed for the protection of federal information systems. The FedRAMP process is designed to ensure that service providers implement and maintain strong cybersecurity practices. As part of her responsibilities, Ms. Soria and her team will continue to monitor our systems for vulnerabilities, implement required updates, and undergo periodic reassessments thus ensuring that our cybersecurity practices remain effective over time. 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 information technology environment and our products.

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