CYBE.v: Quickly Enables Companies to Comply with New Laws Last year, the Canadian government introduced Bill C-26, a new cyber security law that imposes obligations on organizations operating in industries of national importance. These obligations include the implementation of mandatory cyber security programs and reporting of cyber incidents. Non-compliance can result in administrative monetary penalties.
Similarly, if a company sells products to the U.S. government, they are required to adhere to the minimum cybersecurity standards outlined in FAR 52.202.211. Additionally, depending on their industry and activities, companies may need to comply with other cybersecurity and privacy standards, laws, regulations, or requirements.
CyberCatch Holdings, Inc.(Ticker: CYBE.v) is a cybersecurity company that offers an AI-enabled platform solution for continuous compliance and cyber risk mitigation. Their proprietary Software-as-a-Service (SaaS) solution helps organizations in critical sectors protect themselves from cyber threats. The CyberCatch platform focuses on addressing the root cause of successful cyberattacks by identifying security holes and control deficiencies. It assists in implementing necessary controls and continuously tests them from various angles to identify control failures and ensure prompt fixes for compliance and security.
To display how quickly their software works, CyberCatch recently shared an example of how they were able to help a client attain cybersecurity compliance in less than 2 weeks.
Source Nutraceutical, Inc. (SNI), a company based in Winnipeg, Manitoba, Canada, provides clinical research services to companies in the natural health, pharmaceutical, and food industries. To enhance their cyber risk management and comply with Canada's national cybersecurity standard, SNI partnered with CyberCatch. Within two weeks, SNI achieved full compliance using CyberCatch's AI-enabled cybersecurity compliance solution, a significant improvement compared to the months it usually takes. SNI's Chief Financial Officer expressed satisfaction with the efficiency and effectiveness of the solution, which combines AI capabilities and virtual CISOs (Chief Information Security Officers).
The goal of CyberCatch's software is not only to ensure compliance but also to stay ahead of the rapidly increasing cyber threats. In the example, Sai Huda, the founder, chairman, and CEO of CyberCatch, emphasized the company's commitment to continuously mitigating cyber risks and supporting their customers.
Read the full example here:
https://finance.yahoo.com/news/cybercatch-shares-example-helping-customers-120000645.html Posted on behalf of CyberCatch Holdings Inc.