SANTO MINING CORP. 10-K Cybersecurity GRC - 2025-04-15

Page last updated on April 15, 2025

SANTO MINING CORP. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2025-04-15 17:21:51 EDT.

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10-K filed on 2025-04-15

SANTO MINING CORP. filed a 10-K at 2025-04-15 17:21:51 EDT
Accession Number: 0001139020-25-000067

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Item 1C. Cybersecurity.

ITEM 1C. CYBERSECURITY. If our efforts to maintain information security, cybersecurity, and data privacy are unsuccessful or if we are unable to meet increasingly demanding regulatory requirements, our reputation, results of operations, and financial condition could be adversely affected. The Company regularly receives and stores information about our customers, partners, vendors, and other third parties through our GROOVY 2.0 blockchain authentication platform. We rely extensively on complex information systems throughout our business, particularly our Hyperledger Fabric blockchain infrastructure, ERC-1155 token implementation, and proprietary RAG LLM analytics systems. We have implemented programs to detect, contain, and respond to information security, cybersecurity, and data privacy incidents. However, we may be unable to anticipate security incidents or implement adequate preventive measures as cyber threats continue to evolve and cyberattacks become more sophisticated and frequent, including through the introduction of viruses and malware (such as ransomware) and the use of artificial intelligence by threat actors. The specialized nature of our blockchain-based authentication system introduces unique security challenges. In addition, hardware or software that we develop or obtain from third parties may contain defects that could compromise information security, cybersecurity, or data privacy. Unauthorized parties may attempt to gain access to our information systems or facilities, or those of third parties with whom we do business, through fraud, deception, social engineering, or other bad acts. Errors or malicious actions by our team members or contractors, faulty password management, smart contract vulnerabilities, and other irregularities could also overcome our security measures or those of third parties with whom we do business and result in a compromise or breach of our or their information systems. Furthermore, the training we conduct as part of our information security, cybersecurity, and data privacy efforts may not be effective in preventing or limiting successful attacks. While we have not experienced significant information security, cybersecurity, or data privacy incidents to date, we operate in an industry with high-value data related to cannabis products, strain genetics, and consumer preferences. If we, our vendors, or other third parties with whom we do business experience significant information security, cybersecurity, or data privacy incidents or fail to detect and appropriately respond to significant incidents, our business operations could be severely disrupted and we could be exposed to costly government enforcement actions and private litigation. In addition, our customers could lose confidence in our ability to protect their information, stop using our authentication services or participating in our rewards programs, or cease doing business with us altogether. Any of these outcomes could adversely affect our reputation, results of operations, and financial condition. The legal and regulatory environment regarding information security, cybersecurity, and data privacy is dynamic and has strict requirements, including for the use and treatment of personal data, particularly in the cannabis industry where regulatory scrutiny is heightened. Complying with current or contemplated information security, cybersecurity, data protection, and data processing laws and regulations (including reporting and disclosure regimes), or any failure to comply, could cause us to incur substantial costs, require changes to our business practices, and expose us to litigation and regulatory risks, each of which could adversely affect our reputation, results of operations, and financial condition. Additionally, as our business model centers on data analytics derived from authentication activities, any limitations on our ability to collect, analyze, or monetize this data could significantly impact our revenue potential and growth trajectory.

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