TSXV:CYBE - Post Discussion
Post by
MarketMakerss on May 17, 2023 4:23pm
Example of CYBE's ability to obtain compliance: SNI
As cyberattacks are becoming more sophisticated and widespread, the amount of damage they are causing is increasing each year, leaving a $2 trillion market opportunity for cybersecurity technology and service providers.
Our increasing reliance on technology in this digital age exposes businesses to a myriad of cyber threats, making it crucial for businesses to invest in cybersecurity as cyber-attacks become more sophisticated and widespread.
Despite over $150B being spent on cybersecurity, weak defences leave an opening for attackers to exploit with far more than just data being stolen and ransomware being installed.
The demand for effective cybersecurity solutions is only going to grow and CyberCatch (CYBE.v) is one company that has positioned itself at the forefront of the industry with cutting-edge cyber defence technologies and innovative solutions to protect critical assets and data.
CYBE has developed a patented AI-enabled platform solution for continuous compliance and cyber risk mitigation for small and medium-sized companies that focuses on the root cause of why cyberattacks are successful: security holes from control deficiencies.
What sets CYBE's platform apart from any competitors is that it is a proactive, not a reactive solution, putting an end to attacks before they even begin. Plus, the use of cloud platform technology, allows for compliance in two weeks or less, compared to 3 months, and enables easy scalability.
We can see this in CYBE's partnership with Source Nutraceutical (SNI) , a company providing regulatory compliance, clinical research and custom-built clinical trials to companies in the natural health, pharmaceutical, and food industries.
Source signed up with CYBE to enhance its cyber risk management and ensure full compliance with Canada's national cybersecurity standard and was able to attain full compliance within two weeks, instead of "taking months and months and incurring excessive costs" according to Source'sCFO, David Gudmundson.
Founder, Chairman and CEO of CYBE, Sai Huda, commented:
"SNI is an example of how with precision and efficiency we help our customers take their cyber risk management to the next level with our AI-enabled comprehensive solution to mitigate cyber risk continuously and keep our customers not only in compliance but also one step ahead of rapidly increasing cyber threats,"
With a stacked management team led by Huda, a range of competitive advantages including its all-in-one AI-enabled platform, enabled full compliance in 2 weeks, patented cyber risk scoring technology and more, CYBE is strongly positioned for future growth as the only solution endorsed by the Digital Governance Council and supported by the Ministry of ISED in Canada.
Plus, having already raised $10M, CYBE is on track to make $12-13M in sales, $4-5M in revenue, and $500k-$1M in profits within the first 12 months.
Posted on behalf of CyberCatch Holdings Inc.
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