Cybercatch Holdings Inc V.CYBE

Escalating frequency of cybersecurity attacks

[MarketMakerss]

In the current digital landscape, concern over cybersecurity is paramount for midsized businesses due to the escalating frequency of attacks, However, these businesses face financial constraints in contract to larger enterprises, placing small and medium-sized businesses (SMBs) in a challenging position in terms of attracting skilled security professionals and continuously updating security practices to stay on top of the ever-changing cyber threats and privacy regulations. (Source: https://www.forbes.com/sites/sap/2023/08/14/why-finance-leaders-in-midsize-businesses-are-stepping-up-cybersecurity-efforts/?sh=56fd329eef2f)

Addressing this substantial gap in cybersecurity, AI-enabled cybersecurity provider CyberCatch (CYBE.v) has emerged as a pioneering force for SMBs through its proactive and cutting-edge defence mechanisms.

Leveraging advanced AI algorithms, CYBE's cutting-edge cybersecurity platform equips SMBs with proactive defensive measures to seamlessly implement mandated controls to ensure continuous compliance while effectively mitigating cyber risks.

CYBE recently achieved a significant milestone, onboarding a record number of clients spanning diverse critical industries across North America during July 2023. Furthermore, CYBE's proactive demand generation marketing efforts yielded an impressive CAD$4 million in new sales pipeline, bolstering the existing CAD$10 million sales pipeline.

Sai Huda, founder & CEO of CYBE, anticipates 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.

The unique value proposition offered by CYBE enables their 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.