Modern Slavery Statement

Introduction

Here at Cynch we are committed to acting ethically, with integrity and full transparency and we do not tolerate modern slavery within our business or any of our supply chains. To support this we have put in place effective and reasonable systems and controls to reduce the risks of potential modern slavery in our business. As a company we support the Modern Slavery Act 2018 and while we are not required to formally submit a statement, we are placing this on our website as a show of our commitment to a world free of exploitation.

Our business and supply chains

Cynch was founded in 2018 and our mission is to help small business leaders prevent a cybersecurity incident from becoming one of the worst days of their working life. We are a privately owned company with no subsidiaries, headquartered in Melbourne, Australia, and are governed by a board of directors. We provide a SaaS platform for small businesses to monitor and improve their cyber fitness. 

We have established a relationship of trust and integrity with all our suppliers, which is built upon mutually beneficial factors. Our supplier selection and on-boarding procedures includes due diligence of the supplier's reputation, respect for the law, compliance with health, safety and environmental standards, and references where appropriate.

Policies

Cynch operates the following policies for identifying and preventing slavery and human trafficking in our operations: 

• Modern Slavery Policy - this policy outlines what modern slavery is, risk factors to look out for, the company's responsibility and individual responsibilities.

• Whistleblowing Policy - we encourage all employees, customers and suppliers to report any suspicion of slavery or human trafficking without fear of retaliation. 

• Code of Conduct - our code encourages employees to do the right thing by clearly stating the actions and behaviour expected of them when representing the business. We strive to maintain the highest standards of employee conduct and ethical behaviour when operating and managing our business.

Supplier due diligence

Cynch conducts due diligence on all new suppliers during on-boarding and on existing suppliers at regular intervals. During this due diligence we will endeavour to ensure that our chosen supplies also follow the modern slavery requirements of the markets in which they operate.

Awareness 

Cynch has raised awareness of modern slavery issues by sending communication that is focused specifically on modern slavery to all our staff and contractors, which explains: 

• Our commitment in the fight against modern slavery;

• Red flags for potential cases of slavery or human trafficking; and

• How employees should report suspicions of modern slavery.

Training 

In addition to the above, Cynch has rolled out a training session to all employees and contractors, which covers: 

• Various forms of modern slavery in which people can be held and exploited. 

• The size of the problem and the risk to our organisation. 

• How employees can identify the signs of slavery and human trafficking, including unrealistically low prices. 

• How employees should respond if they suspect slavery or human trafficking. 

• What external help is available for the victims of slavery. 

Measuring how we're performing 

Cynch has defined a set of key performance indicators and controls to combat modern slavery and human trafficking in our organisation and supply chain. 

These include: 

• How many employees and contractors have completed mandatory training? 

• How many reports have been made by our employees that indicate their awareness of and sensitivity to ethical issues? 

This statement covers 27 April 2023 to 30 June 2024 and has been approved by the board of Cynch on 28 April 2023. 

Susie Jones
Director, Co-founder & CEO
Cynch Sec Pty Ltd