Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 205

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 205
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 assessed for risks that result from threats to the integrity, availability, and confidentiality of CXApp’s data.

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The risk management program focuses on the following five types of activities:

    ●
    Identification of Strategic Objectives: The alignment of strategic objectives and risk management to avoid siloed risk management approach. This is the key step in performing risk assessments. 

    ●
    Identification of Risks: A continuous effort to identify which risks are likely to affect the CXApp’s strategic objectives and consequently security functions and business continuity of CXApp and documenting their characteristics. 

    ●
    Analysis of Risks: An estimation of the probability (likelihood), impact, and prioritization of risks relative to each other. 

    ●
    Mitigation Planning: Decisions and actions that will reduce the impact of risks as well as limit the probability of their occurrence or improve the response to a risk occurrence. 

    ●
    Tracking and Controlling Risks: Collection and reporting of status information about risks and their mitigation plans, response to changes in risks over time, and management oversight of corrective measures taken in accordance with the mitigation plan. 

Governance

As part of the risk management program, responsibility is assigned to Information Technology (IT) Department, systems owners, department managers, and executive management.

Management’s Role in Managing Risks

The IT Department is responsible for conducting a risk assessment as well as prioritizing, implementing, and maintaining the appropriate risk-reduction measures defined in the risk assessment process.

Risk owners are the individuals who are ultimately accountable for ensuring the risk is managed appropriately. There may be multiple personnel who have direct responsibility for or oversee activities to manage each identified risk and collaborate with the accountable risk owner in his/her risk management efforts. Responsibilities for the continued development, implementation, and maintenance of the risk management program are also assigned internally to IT.

Executive Management is responsible for the sponsorship and support of the risk management plan and processes, participating in the risk management meetings, and reviewing and approving risk assessments and risk mitigation plans. For the fiscal year ended December 31, 2024, we are not aware of any cybersecurity incidents that have materially affected or are reasonably likely to materially affect the Company, including our business strategy, results of operations, or financial condition. For further discussion of the risks associated with cybersecurity incidents, see the Item 1A. Risk Factors - Risks Relating to Cybersecurity Threats section in this Annual Report.

The Company’s Senior Director DevOps and IT is responsible for leading the assessment and