CYBE solves the root cause of successful cyberattacks Despite over $150B being spent per year on cybersecurity, attackers continue to steal data and install ransomware as the defense is weak, enabling attackers to easily exploit missing or ineffective controls.
Plus, the cost of non-compliance is significant, with the average cost for a data breach being $9.4M and average cost for ransomware at $4.5M.
One company that stands out in the cybersecurity market is CyberCatch (CYBE.v), an innovative cybersecurity company offering AI-enabled platform solutions for continuous compliance and cyber risk mitigation.
CYBE's platform focuses on solving the root cause of why cyberattacks are successful, security holes from control deficiencies, by implementing necessary controls for automatic and continuous tests to find control failures.
With a stacked management team led by CEO Sai Huda, a globally recognized cybersecurity expert who co-authored Canada's national cybersecurity standard as well as previously founded and successfully exited a SaaS company for financial services compliance to an NYSE-traded, Fortune 500 company.
CYBE's 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, positions CYBE well for future growth as 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/
Posted on behalf of CyberCatch Holdings Inc.