Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 146

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1A
Chunk 146
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 to such cybersecurity threats. These risk assessments include
identification of reasonably foreseeable internal and external risks, the likelihood and potential damage that could result from such
risks, and the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such risks.

Following
these risk assessments, we evaluate whether and how to re-design, implement, and maintain reasonable safeguards to minimize identified
risks; reasonably address any identified gaps in existing safeguards; and regularly monitor the effectiveness of our safeguards. We devote
significant resources and designate high-level personnel, including our CFO, who reports to our Board, to manage the risk assessment
and mitigation process.

As
part of our overall risk management system, we monitor our safeguards and train our employees on these safeguards. Personnel at all levels
and departments are made aware of our cybersecurity policies through trainings integrated into new employee onboarding processes and
annual employee re-training.

22

We
engage consultants, experts, or other third parties in connection with our risk assessment processes. These third parties assist us in
designing and implementing our cybersecurity policies and procedures, as well as in monitoring and testing our safeguards.

We
require each third-party service provider who may have access to our systems and/or our sensitive data to confirm that it has the ability
to implement and maintain appropriate security measures, consistent with all applicable laws, to implement and maintain reasonable security
measures in connection with their work with us, and to promptly report any suspected breach of its security measures that may affect
our company.

We
have not experienced any cybersecurity incidents that have been determined to be material in the past, however, like other medical device
companies, we have experienced cybersecurity incidents and may continue to experience them in the future. For additional information
regarding whether any risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, materially affected
or are reasonably likely to materially affect our company, including our business strategy, results of operations, or financial condition,
please refer to “Item 1A. Risk Factors” in this Annual Report on Form 10-K.

Governance

One
of the key functions of our Board is to be informed oversight of our risk management process, including risks from cybersecurity threats.
Our Board is responsible for monitoring and assessing strategic risk exposure, and our executive officers are responsible for the day-to-day
management of the material risks we face. Our Board administers its cybersecurity risk oversight function directly as a whole, as well
as through the Audit Committee.

Our
CFO and