MAGELLAN GOLD Corp 10-K Cybersecurity GRC - 2024-04-17

Page last updated on July 16, 2024

MAGELLAN GOLD Corp reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-17 17:49:15 EDT.

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10-K filed on 2024-04-17

MAGELLAN GOLD Corp filed a 10-K at 2024-04-17 17:49:15 EDT
Accession Number: 0001683168-24-002501

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Item 1C. Cybersecurity.

ITEM 1C. CYBERSECURITY. Our information security program is designed to detect, respond to, and manage reasonably foreseeable cybersecurity risks and threats. To protect our systems from cybersecurity threats, we use various security tools that help prevent, escalate, investigate, and recover from identified vulnerabilities and security incidents in a timely manner. We regularly assess risks from cybersecurity and technology threats and monitor our systems for potential vulnerabilities and exploit attempts. We use a widely adopted risk quantification model to identify, measure, and prioritize cybersecurity and technology risks and develop related security controls and safeguards. We take a risk-based approach to regular reviews and tests of our information security program and also leverage tabletop and other exercises to evaluate the effectiveness of our information security program and improve our security measures and planning. In the last two fiscal years, we have not identified cybersecurity threats that have materially affected, or are reasonably likely to materially affect, our business, results of operations, or financial condition. Although we proactively attempt to prevent all threats, we are unable to eliminate all risk from cybersecurity threats or provide assurance that we have not experienced an undetected cybersecurity incident. For more information about these risks, please see Item 1A. Risk Factors " We rely on information technology systems which are subject to disruption, damage, failure and other risks ." Our board of directors is responsible for oversight and risk management in genera. Our board of directors receives periodic updates from our management team regarding the overall state of our technology management strategy and any relevant risks from cybersecurity threats and cybersecurity incidents. Our management team is responsible for assessing and managing the material risks from cybersecurity threats. Our management team members have expertise in information systems, compliance and corporate governance, which we believe are disciplines that are effective in the management of the Company’s cybersecurity risk. Our management team is informed of and monitors the prevention, detection, and mitigation of cybersecurity threats and incidents.

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