Today, Dallas, Texas was disrupted by a large cyberattack impacting multiple services and important computer systems, making it difficult for the city to function properly. This resulted in the city having to turn off some IT systems and 911 dispatchers having to manually write and submit reports. (source:https://twitter.com/rawsalerts/status/1653910804792594433?s=46&t=WI8lw8MoN5OqPfJMCKEOqg)
This occurrence further emphasizes the need for investment into cybersecurity for all sizes of businesses as weak defenses leave an opening for attackers to exploit.
Despite over $150B being spent on cybersecurity, far more is being lost in these attacks and, according to IBM's 2022 Cost of Data Breach Report, ransomware attacks cost $4.54M on average.
Awarded a top ranking in the annual listing of '20 Most Promising Compliance Technology Solutions Providers', CyberCatch (CYBE.v) is one company that stands out as an innovative cybersecurity provider.
In offering a patented AI-enabled platform solutions for continuous compliance and cyber risk mitigation for small and medium sized companies, CYBE's platform focuses on solving the root cause of why cyberattacks are successful, security holes from control deficiencies.
Our economy is powered by small and medium sized businesses, and the need for cybersecurity has never been more critical.
CYBE has a stacked management team led by CEO Sai Huda, a globally recognized cybersecurity expert who has founded and successfully exited a SaaS company for financial services compliance to an NYSE-traded, Fortune 500 company.
In recent news, CYBE published a complimentary tool for organizations worldwide to help them stay safe from ransomware attacks. CYBE's Ransomware Risk Assessment Worksheet and Podcast enables any organization, in 30 minutes or so, identify risk level and susceptibility to ransomware.
With a range of competitive advantages including its all-in-one AI enabled platform, enabled full compliance in 2 weeks, patented cyber risk scoring technology and more, CYBE is poised for future growth and is the only solution endorsed by the Digital Governance Council and supported by the Ministry of ISED in Canada.
Given its limited number of shares, $55.4M issues and outstanding and $85.4M fully diluted, CYBE is positioned for significant stock price appreciation,
For more information, check out CYBE's website: https://cybercatch.com/
Latest News Release: https://www.newswire.ca/news-releases/cybercatch-publishes-complimentary-ransomware-risk-assessment-worksheet-and-podcast-to-help-organizations-discover-risk-level-in-30-minutes-896144950.html
Posted on behalf of CyberCatch Holdings Inc.