VANCOUVER, BC and SAN DIEGO, Sept. 28,
2023 /CNW/ -- CyberCatch Holdings,
Inc. ("CyberCatch" or the "Company")
(TSXV: CYBE), an innovative cybersecurity company offering
an artificial intelligence ("AI") enabled platform solution
for continuous compliance and cyber risk mitigation, is pleased to
announce a strategic partnership with IdeaHub Solutions, a leading
digital transformation company serving Asia-Pacific.
Under the partnership, IdeaHub Solutions is committing to US
$300,000 to market CyberCatch
solutions in Asia-Pacific region,
with an emphasis in Philippines,
Indonesia, Malaysia, Singapore and Thailand, and attain 20,000 customers within
next two years.
The Asia-Pacific region is
experiencing significant increase in data exfiltration and
ransomware attacks from adversary nation-states and criminal
gangs.
59% have experienced a cyber incident, out of which 32% have
suffered multiple incidents, according to Kroll's State of Incident
Response Report for Asia-Pacific.
"CyberCatch has developed a highly effective solution-set and
IdeaHub Solutions is thrilled to commit US $300,000 to market and bring the innovative
solution-set to Asia-Pacific
region. We look forward to attaining 20,000 customers for
CyberCatch within next two years. It is a must-have solution, and
timing is optimal for the Asia-Pacific market," said Chito Lucero, founder and CEO, IdeaHub
Solutions.
"CyberCatch is delighted to partner with IdeaHub Solutions to
provide our unique, AI-enabled continuous cybersecurity compliance
and risk mitigation solution-set to customers in Asia-Pacific. Now thousands of organizations
in the region can efficiently and effectively implement the
necessary cybersecurity controls to stay safe," said Sai Huda,
founder, chairman and CEO, CyberCatch.
About IdeaHub Solutions
IdeaHub Solutions is a
leading digital transformation company based in the U.S. and
Philippines, serving the
Asia-Pacific region. The company
is comprised of IT managed services, technology development and
back office support outsourcing services comprised of subsidiary
companies focusing on IT managed services, technology development,
digital transformation, virtual events services, social media
marketing and SEO services, and staff outsourcing. Learn more at:
https://ideahubsolutionsinc.com
About CyberCatch
CyberCatch Holdings, Inc.
(TSXV:CYBE) is a cybersecurity company that provides a proprietary,
AI-enabled Software-as-a-Service (SaaS) solution that provides
continuous compliance and cyber risk mitigation to organizations in
critical segments, so they can be safe from cyber threats. The
CyberCatch platform focuses on solving the root cause of why
cyberattacks are successful: security holes from control
deficiencies. It first helps implement all mandated and necessary
controls, then the platform automatically and continuously tests
the controls from three dimensions (outside-in, inside-out and
social engineering) to find control failures so one can fix them
promptly to stay compliant and safe from attackers. Learn more at:
https://www.cybercatch.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information, please contact:
John Martin, Investor
Relations Manager
Phone: 1-866-753-2923
Email: info@cybercatch.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cybercatch-announces-strategic-partnership-with-ideahub-solutions-which-commits-to-marketing-investment-and-attainment-of-20-000-customers-in-asia-pacific-region-to-meet-cybersecurity-demand-301941371.html
SOURCE CyberCatch