X1 Capital Inc. 10-K Cybersecurity GRC - 2024-12-13

Page last updated on December 13, 2024

X1 Capital Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-12-13 16:26:46 EST.

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10-K filed on 2024-12-13

X1 Capital Inc. filed a 10-K at 2024-12-13 16:26:46 EST
Accession Number: 0001376474-24-000734

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity Risk Management and Strategy We have processes in place for assessing, identifying, and managing material risks from potential unauthorized occurrences on or through our electronic information systems that could negatively impact the confidentiality, integrity, or availability of our information systems or the information held on such systems. These processes include controls, procedures, systems and tools that are designed to prevent, detect, or mitigate data loss, theft, misuse, unauthorized access, or other security incidents or vulnerabilities affecting the data. These policies are found within our Compliance Manual and are the chapters “Cybersecurity, Privacy Protection, and the Prevention of Identity Theft” and “Business Continuity and Succession Planning” (collectively, the “Cybersecurity Policy”). The Cybersecurity Policy is available upon request. Material Impact of Cybersecurity Risks As of the date of this annual report on Form 10-K, we are not aware of any material risks from cybersecurity threats that have materially affected, or are reasonably likely to materially affect, the Company, including our business strategy, results of operations, or financial condition. However, future incidents could have a material impact on our business. Additional information about the cybersecurity risks that we face is discussed in Item 1A of Part I, “Risk Factors” in this Annual Report on Form 10-K under the heading “Cybersecurity risks and cyber incidents may adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information and/or damage to our business relationships, all of which could negatively impact our business, results of operations or financial condition.” Governance The Board of Directors provides strategic oversight on cybersecurity matters, including risks associated with cybersecurity threats. The Board receives periodic updates from the Company’s Chief Compliance Officer (“CCO”), which is currently James Hickey, regarding the overall state of the Cybersecurity Program, information on the current threat landscape, and risks from cybersecurity threats and cybersecurity incidents potentially impacting the Company. The CCO is responsible for assessing and managing material risks from cybersecurity threats that may impact the Company. 32

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