international banks. The foreign exchange risk-hedging contracts are negotiated exclusively in France with the company’s three banks. The corresponding asset values are monitored regularly.
4.10. Information Systems Risks
The Group is exposed to various risks in connection with its information systems and the extensive use made of them, which is essential to the company’s operations. With respect to the security of information systems, the Group has put in place a business continuity plan incorporating resources designed to guarantee a coherent and rapid restoration of critical data and applications in the event of an incident. Foremost among these means is the replication of systems in real time in a backup room, physical protection of technical facilities (with a generator, surge protector, redundant climate control, and a permanently monitored ﬁre control system on constant alert), and daily backup on tapes (regularly stored in an offsite safe in a remote building). Virtual server, cluster, and storage bay replication technologies all serve to guarantee very rapid deployment of the business continuity plan. In addition, the different means of communication in place (including an international private network, remote access solutions, and videoconferencing) enable all employees to exchange and share information in a totally secure environment, regardless of location and mode of connection. Moreover, the Group veriﬁes its information security processes and procedures. It regularly conducts internal audits and commissions a specialized company to assess the security of its facilities every three years. These joint exercises allow it to maintain a high level control over the security of its information system. Finally, the Group fosters awareness among its staff and trains them in the application of and compliance with security procedures. Access to IT resources is centralized in a single directory, under the exclusive control of a dedicated team.
4.11. Insurance and Risk Cover
The parent company, Lectra SA, oversees the management of risks and the writing of insurance programs for the Group as a whole. Lectra SA’s Legal