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

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 10
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 to the difficulties and evolving nature of cybersecurity
threats, AppTech engages with external experts, including cybersecurity consultants and auditors to evaluate and test its risk management
systems. These relationships allow us to utilize specialized knowledge and insights, ensuring our strategies and processes remain in-line
with current best practices. These third-parties provide the Company with regular audits, threat assessments, and consultations on security
enhancements. Also, during onboarding and periodically thereafter, we conduct trainings for the Company’s employees, contractors,
and temporary workers about cybersecurity risks, including sending test phishing emails for training purposes to all users of the Company’s
email system.

 8 

Our cybersecurity strategy encompasses a comprehensive
suite of measures designed to protect our systems and data from unauthorized access, use, alteration, or destruction. These measures include,
but are not limited to:

•
                                            Implementation of advanced cybersecurity technologies, including firewalls, intrusion
                                            detection systems, and encryption protocols, to safeguard our network and data.

•
                                            Regular security assessments and penetration testing conducted by external experts to
                                            identify and remediate potential vulnerabilities.

•
                                            Establishing and maintaining incident response and recovery plans to ensure timely and
                                            effective responses to any cybersecurity incidents.

Oversee Third-party Risk

To manage the risks associated with third-party service
providers, AppTech conducts weekly calls with its providers to monitor compliance on an ongoing basis. Issues that arise are addressed
immediately with mitigating measures added to avoid future problems.

Risks from Cybersecurity Threats

Like other companies in our industry, we face several
cybersecurity risks in connection with our business. Although such risks have not materially affected us or are reasonably likely to materially
affect us, including our business strategy, results of operations, or financial condition, to date, we have, from time to time, experienced
threats to and security incidents related to our data and systems, including denial of service 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