According to IBM's 2022 Data Breach Report, the average cost of a data breach for companies amounts to $9.4 million, with an average duration of 277 days required to detect and control the breach. This underscores the importance of cybersecurity for businesses as well as the need for quicker data breach detection.
Source: https://www.ibm.com/reports/data-breach
CyberCatch Holdings, Inc. (TSXV: CYBE) offers a proprietary, artificial intelligence-enabled Software-as-a-Service (SaaS) cybersecurity solution.
CYBE's platform not only enables organizations in critical segments to remain safe from cyber threats, but also accelerates their compliance with cybersecurity legislation faster than other solutions, providing continuous compliance and cyber risk mitigation.
The CyberCatch platform distinguishes itself from conventional methods that simply patch security vulnerabilities by prioritizing the root causes behind cyberattacks, specifically control deficiencies and security vulnerabilities.
Through a thorough examination of control failures, organizations can swiftly detect and address vulnerabilities, guaranteeing compliance and fortifying defenses against potential attackers.
In a recent development, CyberCatch and Proficio have joined forces in a strategic partnership to deliver a powerful AI-enabled solution.
Proficio, a globally recognized leader in Managed Detection and Response (MDR) services, serves numerous sectors, including defense, healthcare, financial services, insurance, utilities, legal services, cities, and municipalities.
Recognizing the need for an end-to-end cyber risk mitigation solution, Proficio has chosen CYBE as its strategic partner.
The partnership is expected to generate significant sales and revenue for CYBE, leveraging the cross-selling opportunities with Proficio's customers.
Furthermore, the collaboration allows CYBE to expand globally in a cost-effective and efficient manner by utilizing Proficio's sales distribution channel.
More info here: https://www.prnewswire.com/news-releases/cybercatch-and-proficio-announce-strategic-partnership-that-provides-unique-combined-ai-enabled-continuous-cybersecurity-compliance-and-managed-detection-and-response-mdr-solution-globally-301875053.html Posted on behalf of CyberCatch Holdings, Inc.