VANCOUVER, BC and SAN DIEGO, Nov. 6, 2023
/CNW/ -- CyberCatch Holdings,
Inc. ("CyberCatch" or the "Company")
(TSXV: CYBE), an AI-enabled Software-as-a-Service (SaaS)
solution provider of continuous compliance and cyber risk
mitigation, is pleased to announce the launch of an innovative
solution, focused on small and medium businesses (SMBs), to thwart
the two primary ways attackers break in, install ransomware and
steal data.
Eighty two percent (82%) of SMB websites and Internet-facing IT
assets have vulnerabilities, according to CyberCatch's Small and
Medium Businesses Vulnerabilities Report (SMBVR), which involved
scans of over 19,000 SMBs in North
America. The vulnerabilities detected range from spoofing,
clickjacking, session riding among others and involve flaws or
weaknesses in code or mistakes in configurations in websites or web
applications that attackers are exploiting.
Additionally, seventy four percent (74%) of data breaches are
caused by human errors, according to Verizon's Data Breach
Investigations Report (DBIR), which examined over 16,000
cybersecurity incidents. These errors range from downloading
malware via a malicious attachment or link in a spear phishing
email to using poor passwords to failing to configure a server or
web application correctly to committing mistakes in the code in a
webpage or website, among a myriad of human errors, that attackers
are also exploiting.
CyberCatch's new solution comprises of:
- CyberXray, which simulates an attackers scan and automatically
and continuously detects vulnerabilities in websites and
Internet-facing IT assets, and shows how to fix before an attacker
can find and exploit.
- CyberSavvyIQ, which teaches every single employee how attackers
think, behave and exploit vulnerabilities and human errors, via an
immersive virtual reality learning game, based on recent, actual
cyberattacks, so the human avoids making errors and instead becomes
a strong human firewall.
The SaaS solution is optimal for the over 30 million SMBs in
North America since there is
nothing to install, simple to activate, easy to use and instantly
delivers results.
"CyberCatch is once again at the forefront with an innovative
solution. The solution is highly effective by precisely targeting
the two weaknesses that attackers are exploiting and enables SMBs
to become cyber smart, gain the upper hand and mitigate cyber risk
effectively. We have also made the solution most affordable for
SMBs," said Sai Huda, founder and CEO, CyberCatch.
To see a demo, visit the CyberCatch solution website.
About CyberCatch
CyberCatch Holdings, Inc.
(TSXV:CYBE) 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:
Investor Relations
Phone: 1-866-753-2923
Email: info@cybercatch.com
SOURCE CyberCatch