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Cybersecurity Risk Management, Strategy and Governance | 12 Months Ended
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Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items] |
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] | ITEM 1C. CYBERSECURITY Risk Management and Strategy We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan. Our organization’s cybersecurity program is informed by industry standards and industry-recognized practices, such as the NIST Cybersecurity Framework, ISO 27001, and CIS Controls. This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use such industry standards and practices as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. This helps us align with the specific requirements of diverse regulatory environments and industry benchmarks without compromising on security or efficiency. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. Key elements of our cybersecurity risk management program include: • Risk Governance – A structured set of cybersecurity policies, standards and guidelines, including incident response and disaster recovery procedures, to help the organization meet compliance and business goals. We update policies periodically based on evolving regulatory and threat landscapes. • Risk Identification – We leverage a set of tools designed to identify cyber security risks and manage vulnerabilities according to impact and likelihood. • Risk assessments - Designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment; • Risk Response - A security team principally responsible for managing our (1) cybersecurity risk assessment processes, (2) security controls, and (3) response to cybersecurity incidents. • External Service Providers - We utilize external service providers, where we consider appropriate, to assess, test or otherwise assist with aspects of our security controls. • Risk Monitoring and Review – Monitoring of threats through threat intelligence feeds and security tools, the use of a Security Information and Event Management (SIEM) system for real-time detection, and periodic reassessments of risks as technology and threat landscapes evolve. • Training and Awareness – A dynamic role-based cybersecurity awareness training of our employees, incident response personnel, and senior management; • Incident Management – Protocols that are designed to respond to cybersecurity incidents, including procedures for response, containment, eradication, and recovery. • Integration with Business Strategy – Cybersecurity risk considerations are factored into key business decisions and strategies, and cybersecurity initiatives are aligned with organizational risk appetite and priorities. Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") the oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our cybersecurity risk management program. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. Board members receive presentations on cybersecurity topics from our VP of Information Security, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our management team updates the Committee, where it deems appropriate, regarding any cybersecurity incidents it considers to be significant. The management team, led by one of our Vice Presidents for Information Security and our SVP of Information Technology is primarily responsible for assessing and managing risks from cybersecurity threats. • Our VP of Information Security is responsible for leading the organization's information security program, strategy and ensuring the protection of digital assets. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and networking, experience designing comprehensive cybersecurity programs and managing and mitigating high profile cybersecurity incidents to ensure best information security practices and business continuity. Additionally, he has previously served as the CISO for the City of Plano, Texas at municipal government level and as the Information Security Principal performing various strategic and technological tasks with DynCorp International. He holds a Bachelor in Economics from University of San Buenaventura, Cali, Colombia and a Master of Science in Computer Information Systems with a concentration in Security from Boston University. • Our Senior VP of Information Technology is also responsible for oversight of our information security strategy, program, and operations. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. In the past, he has served in roles as Lead Technologist for Hewlett-Packard and as Global Product Manager for the Procter and Gamble Company. He holds a Bachelor of Science degree in Computer Engineering from Universidad Simón Bolívar, Venezuela, an MBA in International Business from Xavier University and a Master of Science degree in Computer Science from University of Southern California. The management team also includes Technology SME’s, Legal advisors, Business Unit leaders, HR representatives and Finance representatives to further assist our VP of Information Security and SVP of Information Technology with assessing and managing our material risks from cybersecurity threats. Our management team takes steps to stay informed about and monitor efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include 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 in our IT environment.
Cybersecurity Risk Management Processes Integrated [Flag] | true
Cybersecurity Risk Management Processes Integrated [Text Block] | Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas.
Cybersecurity Risk Management Third Party Engaged [Flag] | true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true
Cybersecurity Risk Board of Directors Oversight [Text Block] | Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") the oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our cybersecurity risk management program. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. Board members receive presentations on cybersecurity topics from our VP of Information Security, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our management team updates the Committee, where it deems appropriate, regarding any cybersecurity incidents it considers to be significant. The management team, led by one of our Vice Presidents for Information Security and our SVP of Information Technology is primarily responsible for assessing and managing risks from cybersecurity threats. • Our VP of Information Security is responsible for leading the organization's information security program, strategy and ensuring the protection of digital assets. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and networking, experience designing comprehensive cybersecurity programs and managing and mitigating high profile cybersecurity incidents to ensure best information security practices and business continuity. Additionally, he has previously served as the CISO for the City of Plano, Texas at municipal government level and as the Information Security Principal performing various strategic and technological tasks with DynCorp International. He holds a Bachelor in Economics from University of San Buenaventura, Cali, Colombia and a Master of Science in Computer Information Systems with a concentration in Security from Boston University. • Our Senior VP of Information Technology is also responsible for oversight of our information security strategy, program, and operations. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. In the past, he has served in roles as Lead Technologist for Hewlett-Packard and as Global Product Manager for the Procter and Gamble Company. He holds a Bachelor of Science degree in Computer Engineering from Universidad Simón Bolívar, Venezuela, an MBA in International Business from Xavier University and a Master of Science degree in Computer Science from University of Southern California. The management team also includes Technology SME’s, Legal advisors, Business Unit leaders, HR representatives and Finance representatives to further assist our VP of Information Security and SVP of Information Technology with assessing and managing our material risks from cybersecurity threats.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | Our Senior VP of Information Technology is also responsible for oversight of our information security strategy, program, and operations.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] | The Committee oversees management’s implementation of our cybersecurity risk management program. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. Board members receive presentations on cybersecurity topics from our VP of Information Security, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our management team updates the Committee, where it deems appropriate, regarding any cybersecurity incidents it considers to be significant. The management team, led by one of our Vice Presidents for Information Security and our SVP of Information Technology is primarily responsible for assessing and managing risks from cybersecurity threats. • Our VP of Information Security is responsible for leading the organization's information security program, strategy and ensuring the protection of digital assets. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and networking, experience designing comprehensive cybersecurity programs and managing and mitigating high profile cybersecurity incidents to ensure best information security practices and business continuity. Additionally, he has previously served as the CISO for the City of Plano, Texas at municipal government level and as the Information Security Principal performing various strategic and technological tasks with DynCorp International. He holds a Bachelor in Economics from University of San Buenaventura, Cali, Colombia and a Master of Science in Computer Information Systems with a concentration in Security from Boston University. • Our Senior VP of Information Technology is also responsible for oversight of our information security strategy, program, and operations. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. In the past, he has served in roles as Lead Technologist for Hewlett-Packard and as Global Product Manager for the Procter and Gamble Company. He holds a Bachelor of Science degree in Computer Engineering from Universidad Simón Bolívar, Venezuela, an MBA in International Business from Xavier University and a Master of Science degree in Computer Science from University of Southern California. The management team also includes Technology SME’s, Legal advisors, Business Unit leaders, HR representatives and Finance representatives to further assist our VP of Information Security and SVP of Information Technology with assessing and managing our material risks from cybersecurity threats.
Cybersecurity Risk Role of Management [Text Block] | Cybersecurity Governance Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") the oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our cybersecurity risk management program. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. Board members receive presentations on cybersecurity topics from our VP of Information Security, internal security staff or external experts as part of the Board’s continuing education on topics that impact public companies. Our management team updates the Committee, where it deems appropriate, regarding any cybersecurity incidents it considers to be significant. The management team, led by one of our Vice Presidents for Information Security and our SVP of Information Technology is primarily responsible for assessing and managing risks from cybersecurity threats. • Our VP of Information Security is responsible for leading the organization's information security program, strategy and ensuring the protection of digital assets. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and networking, experience designing comprehensive cybersecurity programs and managing and mitigating high profile cybersecurity incidents to ensure best information security practices and business continuity. Additionally, he has previously served as the CISO for the City of Plano, Texas at municipal government level and as the Information Security Principal performing various strategic and technological tasks with DynCorp International. He holds a Bachelor in Economics from University of San Buenaventura, Cali, Colombia and a Master of Science in Computer Information Systems with a concentration in Security from Boston University. • Our Senior VP of Information Technology is also responsible for oversight of our information security strategy, program, and operations. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and engineering. In the past, he has served in roles as Lead Technologist for Hewlett-Packard and as Global Product Manager for the Procter and Gamble Company. He holds a Bachelor of Science degree in Computer Engineering from Universidad Simón Bolívar, Venezuela, an MBA in International Business from Xavier University and a Master of Science degree in Computer Science from University of Southern California. The management team also includes Technology SME’s, Legal advisors, Business Unit leaders, HR representatives and Finance representatives to further assist our VP of Information Security and SVP of Information Technology with assessing and managing our material risks from cybersecurity threats. Our management team takes steps to stay informed about and monitor efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include 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 in our IT environment.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | The management team also includes Technology SME’s, Legal advisors, Business Unit leaders, HR representatives and Finance representatives to further assist our VP of Information Security and SVP of Information Technology with assessing and managing our material risks from cybersecurity threats.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | Our VP of Information Security is responsible for leading the organization's information security program, strategy and ensuring the protection of digital assets. He has over 20 years of information technology experience, including leadership experience managing global information security, IT infrastructure and networking, experience designing comprehensive cybersecurity programs and managing and mitigating high profile cybersecurity incidents to ensure best information security practices and business continuity.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] | Our management team takes steps to stay informed about and monitor efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include 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 in our IT environment.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true

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