Data breaches cost businesses an average of $4.35M in 2022 In 2022, data breaches cost businesses an average of $4.35M as cyberattacks are becoming more sophisticated and widespread, resulting in an increased amount of damage. This has created a $2 trillion market opportunity for cybersecurity technology and service providers. Given our increasing reliance on technology in this digital age, businesses are exposed to a myriad of cyber threats, making investment into cybersecurity crucial.
(Source: https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights/cybersecurity/new-survey-reveals-2-trillion-dollar-market-opportunity-for-cybersecurity-technology-and-service-providers)
One unique company in the industry is CyberCatch (CYBE.v) and its patented AI-enabled platform solution for continuous compliance and cyber risk mitigation focusing on the root cause of why cyberattacks are successful: security holes from control deficiencies. Led by Sai Huda, CYBE has a stacked management team alongside a range of competitive advantages including its ability to enabled full cybersecurity compliance in 2 weeks, patented cyber risk scoring technology and more.
In recent news, CYBE announced a sales distribution partnership with Lanetco, a leading Canadian Managed Services Provider for its cybersecurity solution following its own adoption of CYBE's solution. Lanetco specializes in serving small and medium businesses, not for profit organizations and trade associations as well as provides a full suite of IT services as a MSP.
Check out the full news release here: https://www.newswire.ca/news-releases/cybercatch-announces-sales-distribution-partnership-with-lanetco-leading-canadian-managed-services-provider-for-ai-enabled-continuous-cybersecurity-solution-844261901.html
Posted on behalf of CyberCatch Holdings Inc.