Bullboard - Stock Discussion Forum Cybercatch Holdings Inc V.CYBE

Alternate Symbol(s): CYBHF

CyberCatch Holdings, Inc. is a cybersecurity company that provides an artificial intelligence (AI)-enabled software-as-a-service (SaaS) solution that enables continuous compliance and cyber risk mitigation to organizations in critical segments. The Company specializes in serving small and medium-sized businesses (SMBs) and small and medium enterprises (SMEs) in the United States and Canada. Its... see more

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TSXV:CYBE - Post Discussion

Cybercatch Holdings Inc > Intersection of two of the fastest-growing sectors

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Post by MarketMakerss on Jul 27, 2023 4:52pm

Intersection of two of the fastest-growing sectors

Rising from USD$3 trillion in 2025, global cybercrime damages are projected to reach USD$10.5 trillion by 2025. With the increasing digitalization of our world and the exponential growth of cyberattacks, it has become crucial for enterprises to fortify their defences against cyber threats. However, many companies face budget constraints when it comes to cybersecurity. (Source: https://cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016/)

One company taking a proactive approach to addressing this issue is CyberCatch (CYBE.v), a cybersecurity provider that harnesses the power of artificial intelligence to create an AI-enabled cybersecurity shield.

Utilizing advanced AI algorithms, CYBE's cutting-edge cybersecurity platform empowers businesses with proactive defensive measures and facilitates the seamless implementation of mandated controls, ensuring continuous compliance and effective mitigation of cyber risks.

A significant milestone for CYBE was its recent partnership with Proficio, a globally renowned managed detection response provider. Through this collaboration, CYBE's compliance solution will be integrated into Proficio's end-to-end cyber risk mitigation solution, enabling organizations worldwide to safeguard themselves against cyber threats using AI technology.

This strategic partnership is expected to drive substantial sales and revenues through cross-sell opportunities, enabling efficient and cost-effective global expansion for CYBE.

Additionally, this partnership represents a significant industry development in the digital landscape, offering organizations worldwide the means to achieve continuous compliance and ensure their cybersecurity posture. With the growing importance of AI and cybersecurity as two of the fastest-growing sectors, this alliance presents a promising opportunity in the market.

Full News Release: 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.