UNIVERSAL SECURITY INSTRUMENTS INC 10-K Cybersecurity GRC - 2024-07-12

Page last updated on July 16, 2024

UNIVERSAL SECURITY INSTRUMENTS INC reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-07-12 16:45:30 EDT.

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10-K filed on 2024-07-12

UNIVERSAL SECURITY INSTRUMENTS INC filed a 10-K at 2024-07-12 16:45:30 EDT
Accession Number: 0001410578-24-001074

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Item 1C. Cybersecurity.

ITEM 1C. CYBERSECURITY. Our business is not dependent on the internet. Accordingly, we believe that the Company has minimal risks related to cybersecurity. Developing a program to identify, detect, prevent and remediate potential cybersecurity vulnerabilities, including those arising from third-party hackers, hardware or software, is extremely costly and time consuming. Management believes that the minimal risk does not justify the significant expense needed to develop a program which will identify, detect, prevent or remediate cybersecurity risks. During the year ended March 31, 2024, we did not identify any cybersecurity threats that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, we may not be aware of all vulnerabilities or might not accurately assess the risks of incidents, and such preventative measures cannot provide absolute security and may not be sufficient in all circumstances or mitigate all potential risks.

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