Building the Next Generation of AI-Enabled Cybersecurity Having a strong stance on cybersecurity has never been more important for companies as the digitalization of consumer and company data become far more common. That’s why companies have spent over $150B on cybersecurity in 2021 alone, yet breaches are still far too common because many companies do not consistently update their compliance and security measures.
One of the main issues why cybersecurity attacks are so common is that current cybersecurity systems are expensive to implement and maintain. This makes it nearly impossible for most SMEs to focus profitably on cybersecurity. And with SMEs accounting for the majority of businesses in North America, this has created a near $2T market opportunity, according to McKinsey.
https://www.analyticsinsight.net/why-should-small-businesses-prioritize-cybersecurity/
That’s where CYBE comes in with their extremely cost-effective AI-enabled solution allowing companies to attain compliance and cyber risk mitigation within just 2 weeks (versus an average of 3 months). With a focus of regulated government-involved contractors, education, and insurance-focused SMEs, their target market still accounts for nearly 800,000 potential customers.
- The platform consists of a cyber security benchmarking service, expert guidance from professionals, online training, automated testing of current controls, vulnerability scans, and phishing susceptibility testing. Together, these help companies have continuous cyber risk mitigation.
- They also have an all-star management team with a history of building $100M/year businesses and a lot of knowledge of the industry.
With $10M in the sales pipeline and a recent partnership with the Canadian SME Magazine shows that CYBE is ready to expand and reach new customers as the magazine has over 30,000 SME subscribers. Considering the current $18M valuation and how important cybersecurity is, especially with the growing risk of AI making it easier for breaches, $CYBE.V has a bright future ahead, considering they have a solid product and management team. Great video from BTV that goes more on what the company has to offer: https://vimeo.com/723823282
Posted on behalf of CyberCatch Holdings.