Cybersecurity is an increasingly critical concern for businesses, especially small and medium-sized enterprises (SMEs). There are over 31 million SMEs in North America, and the average cost of a data breach for an SME is $3 million. Therefore, these businesses require cybersecurity solutions that are both affordable and effective.
CyberCatch Holdings, Inc. (TSXV: CYBE) offers an AI-enabled Software-as-a-Service (SaaS) solution for continuous compliance and cyber risk mitigation specifically for SMEs.
CYBE's platform can conduct a multitude of services, including vulnerability scans, phishing susceptibility testing, cyber threat training, and more. The platform guides SMEs to fix deficiencies so attackers cannot exploit them. A recent scan by CyberCatch of nearly 20,000 SMEs in North America found 77% in Canada with vulnerabilities that could be exploited by cyber attackers.
Sai Huda, CEO of CYBE, is a prominent cybersecurity expert who authored the best-selling book "Next Level Cybersecurity" and co-authored Canada's National Cybersecurity Standard. Besides his impressive credentials, Huda has proven his business acumen as the founder and former CEO of Compliance Coach, a SaaS compliance solution that FIS, a Fortune 500 company, recently acquired.
Leveraging its innovative and unique cybersecurity solutions, CYBE targets a significant and growing market. The market opportunity of the cybersecurity market has been estimated at $2 trillion, presenting an excellent opportunity for technology and service providers. With a high-margin SaaS offering that generates annual recurring revenue, CYBE is establishing a strong reputation for its service, having collected several endorsements from credible clients.
To expand its reach, CYBE announced last week that it partnered with Canadian SME Magazine to market its AI-enabled platform to the magazine's 30,000 SME subscribers and Canada's 1.2 million SMEs.
To learn more about this news and to be redirected to CYBE's website click here: https://cybercatch.com/news/ Posted on behalf of CyberCatch Holdings, Inc.