FUSE GROUP HOLDING INC. 10-K Cybersecurity GRC - 2024-12-26

Page last updated on December 26, 2024

FUSE GROUP HOLDING INC. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-12-26 16:30:34 EST.

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10-K filed on 2024-12-26

FUSE GROUP HOLDING INC. filed a 10-K at 2024-12-26 16:30:34 EST
Accession Number: 0001185185-24-001223

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Item 1C. Cybersecurity.

ITEM 1C - CYBERSECURITY As a smaller reporting company with limited business, we currently do not have formalized cybersecurity measures, a dedicated cybersecurity team or specific protocols in place to manage cybersecurity risks. As of the date of this report, we have not adopted an incident response plan as our only access to internet is the use of email account by large websites such as google and yahoo. Our business is managed by only one person, Mr. Umesh Patel, our Chief Executive Office, Chief Financial Officer and director and he is the person oversea our cybersecurity as well. We have a small board with two members including Mr. Patel, who will report and discuss the updates on cybersecurity matters, including material risks and threats to another non-executive director of the board. Given our current stage of cybersecurity development, we have not experienced any significant cybersecurity incidents to date. However, we recognize that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks, data breaches and other cybersecurity incidents. Such events could potentially lead to unauthorized access to, or disclosure of business information, result in litigation costs and negatively impact our reputation among customers and partners. As of the date of this report, the Company is not aware of any cybersecurity incidents that have materially affected or are reasonably likely to materially affect the Company, including its business strategy, results of operations, or financial condition and that are required to be reported in this report. For further discussion of the risks associated with cybersecurity incidents, see the cybersecurity risk factors in Item 1A. Risk Factors in this report.

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