Beachbody Company, Inc. 10-K Cybersecurity GRC - 2025-03-28

Page last updated on March 28, 2025

Beachbody Company, Inc. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2025-03-28 16:05:33 EDT.

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10-K filed on 2025-03-28

Beachbody Company, Inc. filed a 10-K at 2025-03-28 16:05:33 EDT
Accession Number: 0000950170-25-046760

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity Cybersecurity Risk Management and Strategy We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan. 43 We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF). This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use the NIST CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is integrated into our overall risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. Our cybersecurity risk management program includes: - risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment; - a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents; - The use of external service providers , where appropriate, to assess, test or otherwise assist with aspects of our security methods and controls; - cybersecurity awareness training of our employees, incident response personnel, and senior management; - a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; and - a third-party risk management process for service providers, suppliers, and vendors. There can be no assurances that our cybersecurity risk management program and processes, including our policies, controls, or procedures, will be fully implemented, complied with or are effective in protecting our systems and information. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to 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 quarterly reports from management on our cybersecurity risks. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any notable incidents with lesser impact potential. The Audit Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cyber risk management program. Board members receive presentations on cybersecurity topics from our Senior Vice President (“SVP”) Enterprise Technology and Security, as part of the Board’s continuing education on topics that impact public companies. Regular briefings ensure the Board remains informed about evolving threats and the organization’s security posture. Our management team, which includes the SVP Enterprise Technology & Security, Chief Operating Officer (COO), Chief Financial Officer (CFO), and General Counsel, collectively assesses and manages material cybersecurity threats. This team oversees the organization’s cybersecurity risk management program and works closely with the SVP Enterprise Technology and Security, who oversees both enterprise IT and Security functions, ensuring alignment of technology and security strategies. With over 30 years of experience, the SVP Enterprise Technology and Security 44 has served as Chief Information Officer and Vice President of IT for leading companies across Consumer Products, Energy and Media sectors on a global scale, with a strong focus in IT and operational technology security governance, compliance, and operations. The dedicated Security function, led by the SVP Enterprise Technology and Security, effectively manages cyber risks while enabling business innovation and technology solutions. The team employs a multifaceted approach to cybersecurity, including prevention, detection, mitigation, and remediation of risks and incidents. Relevant efforts leverage internal security expertise, external consulting services, threat intelligence, alerts from advanced security tools deployed across our technical environments, other information obtained from government, public or private sources, and our security service providers.

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