Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 529

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 529
---
, operating results, or
financial condition. For more information regarding cybersecurity risks that we face and potential impacts on our business related thereto,
see the section titled “Risk Factors” in Part I, Item 1A of this Annual Report.

Cybersecurity Governance

With oversight from our board of directors, the Audit Committee is
primarily responsible for assisting our board of directors in fulfilling its ultimate oversight responsibilities relating to risk assessment
and management, including relating to cybersecurity and other information technology risks. The Audit Committee oversees management’s
implementation of our cybersecurity risk management program, including processes and policies for determining risk tolerance, and reviews
management’s strategies for adequately mitigating and managing identified risks, including risks relating to cybersecurity threats.

The Audit Committee receives updates from members of management, including
the Chief Technology Officer and VP Risk & Compliance, on our cybersecurity risks at its quarterly meetings, and reviews metrics about
cyber threat response preparedness, program maturity milestones, risk mitigation status, and the current and emerging threat landscape.
In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity threats or incidents, as well
as any incidents with lesser impact potential.

The Audit Committee reports to our board of directors regarding its
activities, including those related to key cybersecurity risks, mitigation strategies, and ongoing developments, on a quarterly basis
or more frequently as needed. The board of directors also receives updates from management on our cyber risk management program and other
matters relating to our data privacy and cybersecurity approach, including risk mitigations to bolster and enhance our data protection
and data governance framework. Members of our board of directors receive presentations that include cybersecurity topics and the management
of key cybersecurity risks as part of the continuing education of our board of directors on topics that impact public companies.

Our management team, including our Chief Technology Officer and VP
Risk & Compliance, is responsible for assessing and managing our material risks from cybersecurity threats and for our overall cybersecurity
risk management program on a day-to-day basis, and supervises both our internal cybersecurity personnel and the relationship with our
retained external cybersecurity consultants. Our management’s experience includes years of working in the cybersecurity field in
various industries, including the financial services industry.

Our management team supervises efforts to prevent, detect, mitigate,
and remediate cybersecurity risks and incidents through various means, including through 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