Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 69

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 69
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 and phishing attacks.

Risk Management Personnel

Primary responsibility for assessing, monitoring and
managing our cybersecurity risks rests with our third-party provider, the Company's Director of Information Technology and Director of
Software Engineering (referred to as “IT”). Their knowledge, experience and relationship with our third-party vendor are instrumental
in developing and executing our cybersecurity strategies.

Risk Management Reporting

The
IT Team provides updates to upper Management on a routine basis
or as potentially critical risks from cybersecurity threats or incidents arise. In addition, the audit committee is notified of any material
cybersecurity concerns that may impact internal controls, data storage, or the integrity of our financial reporting.

Risk Management

Despite our diligent efforts to secure our systems and data, we acknowledge
that no cybersecurity measures can completely eliminate the risk of cyber incidents. The evolving nature of cyber threats means that we
must continually adapt our cybersecurity strategies to address new and emerging risks.

In recognition of these risks, we have implemented a comprehensive risk
management framework that includes:

• Continuous monitoring of our networks and systems for signs of unauthorized
activity.

• Regular updates to our cybersecurity measures to address new vulnerabilities
and threats.

• Collaboration with industry partners and government agencies to share information
on threats and best practices for cybersecurity.

• Maintaining cyber insurance to mitigate the financial impact of potential
cybersecurity incidents.

 9 

Potential Impact of Cybersecurity Incidents

We recognize that a significant cybersecurity incident could have material
adverse effects on our business, including operational disruptions, financial losses, legal liabilities, and damage to our reputation.
Such incidents could also result in the loss of proprietary information or the exposure of sensitive customer data, leading to further
financial and reputational harm.

In conclusion, while AppTech Payment Corp is committed to employing comprehensive
cybersecurity measures to protect against cyber threats, there are inherent risks associated with cybersecurity that could impact our
business. We continue to monitor our cybersecurity landscape actively and adapt our defenses to mitigate these risks as much as possible.

Item 2. Properties 

Corporate headquarters is located at 5876 Owens Avenue,
Suite 100, Carlsbad, CA 92008, consisting of approximately 3,000 square feet of leased office space. As of December 31, 2024, the Company
also leases office space in Austin, Texas. The Company does not own any real property.

Item 3. Legal Proceedings

NCR
Litigation

On
November 30, 2022, AppTech filed a complaint against N