We have a robust information security training and compliance annual program, which includes components such as phishing, logical access, and general cybersecurity awareness. Our Chief Information Security Officer reports to the Audit Committee on information security matters quarterly. In addition, we are externally audited against top information security and compliance standards using a financial reporting risk-based approach, with complete corporate scope. Our security policies are derived from globally recognized National Institute of Standards and Technology standards.
Meanwhile, our privacy program is part of the Legal and Compliance function. The program is overseen by the Global Chief Privacy Officer and includes a staff of privacy professionals and designated leaders across operational and business functions, each with specific responsibility and accountability for data privacy management. A comprehensive privacy report is provided to management’s Governance and Compliance Committee annually, with interim reports on a quarterly basis.
Like most major corporations, we are the target of industrial espionage, including cyber-attacks, from time to time. We have determined that these incidents have resulted, and could result in the future, in unauthorized parties gaining access to certain confidential business information.
To date, we have not experienced any material financial impact, changes in our competitive environment, or impact on our business operations from these events.
Although management does not believe that we have experienced any material losses to date related to industrial espionage and security breaches, including cybersecurity incidents, there can be no assurance that we will not suffer such losses in the future.
In 2024, there were no substantiated complaints from a regulator or third party related to a Corteva data breach, as that term is defined by applicable law. We do not categorize events as “leaks, thefts or losses of customer data” and are unable to provide reporting for those requested categories.
