Avidity Biosciences, Inc. 10-K Cybersecurity GRC - 2025-02-27

Page last updated on February 27, 2025

Avidity Biosciences, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2025-02-27 16:13:07 EST.

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10-K filed on 2025-02-27

Avidity Biosciences, Inc. filed a 10-K at 2025-02-27 16:13:07 EST
Accession Number: 0001599901-25-000059

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Item 1C. Cybersecurity.

ITEM 1C. Cybersecurity We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework, or NIST CSF. This means that we use the NIST CSF as a guide to help us identify, assess and manage cybersecurity risks relevant to our business. It does not, however, mean that we meet any technical standards, specifications or requirements. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares reporting channels and governance processes that apply across the risk management program to other legal, compliance, operational and financial risk areas. However, there can be no assurance that our cybersecurity risk management program and processes, including our policies, controls or procedures, will be fully implemented, complied with or effective in protecting our systems and information. Key elements of our cybersecurity risk management program include but are not limited to the following: - risk assessments to help identify material risks from cybersecurity threats to our critical systems and information; - a security team that includes internal IT and data privacy personnel and external managed services partners, principally responsible for managing (i) our cybersecurity risk assessment processes, (ii) our security controls and (iii) our response to cybersecurity incidents; - use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls , including: - annual external and internal penetration tests; - 24-hour monitoring of our networks and cloud resources to help detect, respond to and recover from cyber-attacks; - IT managed services that includes help desk support and managed infrastructure (networks and servers support); and - a ransomware defense plan. - cybersecurity awareness training for our employees, including incident response personnel and senior management; - a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; and - third-party risk management and reporting process for key service providers based on our assessment of their criticality to our operations and respective risk profile, suppliers and vendors with access to our information systems or data. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected us, including our operations, business strategy, results of operations or financial condition. We face risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. In the event we experience a cybersecurity incident we consider to be material, we will disclose such incident consistent with the requirements of Item 1.05 of Form 8-K. Cybersecurity Governance Our board of directors considers cybersecurity risk as part of its risk oversight function and has delegated to the audit committee of the board of directors, or the audit committee, oversight of cybersecurity and other information technology risks. The audit committee oversees management’s implementation of our cybersecurity risk management program. The audit committee receives periodic reports from management on our cybersecurity risks. In addition, management alerts the audit committee of any material cybersecurity incidents. The audit committee reports to the full board of directors regarding its activities, including those related to cybersecurity. Board members receive presentations on cybersecurity topics from management and have available to them external resources related to cybersecurity as part of the board of directors’ continuing education on topics that impact companies similar to ours. Our cybersecurity function is overseen by our Senior Vice President of Information Technology , who leads a team that is responsible for assessing and managing our risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team takes steps to stay informed about and monitor 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 IT environment.

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