Cybercatch Holdings Inc V.CYBE

Cybersecurity as top concern for midsized businesses

[MarketMakerss]

In today's digital world, cybersecurity is a top concern for midsized businesses as they are experiencing more attacks than ever before, however, they are more constrained in terms of capital than larger businesses: https://www.forbes.com/sites/sap/2023/08/14/why-finance-leaders-in-midsize-businesses-are-stepping-up-cybersecurity-efforts/?sh=56fd329eef2f

As a result, small and midsized companies face larger challenges in attracting and retaining skilled security professionals, continuously updating security practices to stay on top of the ever-changing cyber threats and privacy regulations and managing their budgets for infrastructure, platforms and systems that are often fragmented and disconnected.

Recognizing this significant shortfall in cybersecurity for small and medium-sized businesses (SMBs), AI-enabled cybersecurity provider CyberCatch (CYBE.v) has emerged as a pioneering force for SMBs through its proactive and cutting-edge defence mechanisms.

By harnessing advanced AI algorithms, CYBE's cutting-edge cybersecurity platform empowers SMBs with proactive defensive measures with the seamless implementation of mandated controls to ensure continuous compliance while effectively mitigating cyber risks.

Recently, CYBE achieved an unprecedented milestone by onboarding a record number of customers from diverse critical industries across North America during July 2023.

CYBE's proactive demand generation marketing efforts additionally yielded an impressive CAD$4 million in new sales pipeline, bolstering the existing CAD$10 million sales pipeline.

CYBE founder & CEO Sai Huda expects continued sales bookings growth each month in the new fiscal year with a focus on accelerated sales growth by complementing their direct sales efforts with key large sales distribution partners.

CYBEs unique value proposition enables its customers to take their cyber risk management to the next level with its "AI-enabled comprehensive solution and advanced cybersecurity services to mitigate cyber risk continuously and keep our customers not only in compliance but also one step ahead of rapidly increasing cyber threats,"

Latest News Release: https://www.newswire.ca/news-releases/cybercatch-signs-up-record-number-of-customers-in-month-of-july-2023-from-critical-industry-segments-for-its-ai-enabled-cybersecurity-compliance-solution-and-advanced-cyber-risk-mitigation-services-880910496.html

Posted on behalf of CyberCatch Holdings Inc.