CyberCatch Announces Launch of Innovative Cybersecurity Compliance and Risk Mitigation Solution for 600,000 Healthcare Providers in U.S

Rhea-AI Summary

CyberCatch Holdings (CYBHF) has launched an innovative AI-enabled cybersecurity solution targeting the 600,000 healthcare providers in the U.S. The company's HICP Compliance Manager aims to address the growing epidemic of cyberattacks in the healthcare sector. In 2024, the industry faced 734 data breaches involving 500+ records, averaging 2 attacks per day with a cost of $9.77 million per breach - the highest among all sectors.

The solution helps healthcare providers comply with Health Industry Cybersecurity Practices (HICP) and includes a unique benefit: providers implementing the solution receive a no-application cyber insurance policy at a discounted premium through an A XV rated insurer partner.

Positive

• Solution targets a large market of 600,000 healthcare providers in the U.S.
• Includes automatic cyber insurance policy at discounted premium
• Addresses a critical market need with healthcare cyberattacks averaging 2 per day
• Targets high-value sector where data breaches cost $9.77M on average

Negative

• Entering a highly competitive cybersecurity market
• Success depends on healthcare providers' adoption rate
• No mention of pricing or revenue projections

Vancouver, British Columbia and San Diego, California--(Newsfile Corp. - May 12, 2025) - CyberCatch Holdings, Inc. (TSXV: CYBE) ("CyberCatch'' or the "Company"), a cybersecurity company offering an AI-enabled platform solution for compliance and cyber risk mitigation, announced the launch of an innovative solution for the approximately 600,000 healthcare providers in the U.S. that have become increasingly the target of cyber attackers.

Cyberattacks have become an epidemic in the healthcare sector in the U.S.

In 2024:

• There were 734 data breaches reported at healthcare providers involving 500 or more records
• Equates to 2 cyberattacks per day or 61 per month
• Average cost of a data breach was $9.77 million, the highest among all industry sectors

The velocity continues in 2025 and the attackers are targeting both small, mid-size and large healthcare providers, ranging from medical practices, labs, pharmacies, nursing facilities, hospitals and insurance providers.

The cyber attackers are successfully penetrating defenses and installing ransomware and stealing valuable confidential, sensitive patient data and demanding hefty ransom payments, and disrupting patient care.

"All healthcare providers need to comply with the Health Industry Cybersecurity Practices (HICP) and implement prescribed cybersecurity controls in order to attain cyber safety. Cyber safety is patient safety," said Sai Huda, CEO, CyberCatch.

"CyberCatch's AI-enabled HICP Compliance Manager solution is unique and highly effective. Any healthcare provider regardless of size that implements the solution to attain compliance will receive a no-application cyber insurance policy at a discounted premium via an A XV rated insurer partner. CyberCatch's solution is a must-have, and we expect wide adoption in the large healthcare sector in the U.S.," continued Mr. Huda.

To learn more and watch demo, visit CyberCatch.

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: 1-866-756-2923
Email: info@cybercatch.com

SOURCE CyberCatch

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251678

FAQ

What is CyberCatch's (CYBHF) new healthcare cybersecurity solution?

CyberCatch's new solution is the AI-enabled HICP Compliance Manager, designed to help healthcare providers comply with Health Industry Cybersecurity Practices and includes a no-application cyber insurance policy at discounted premium.

How many healthcare providers does CyberCatch (CYBHF) target with its new solution?

CyberCatch targets approximately 600,000 healthcare providers in the U.S., including medical practices, labs, pharmacies, nursing facilities, hospitals, and insurance providers.

What was the average cost of a healthcare data breach in 2024?

The average cost of a healthcare data breach in 2024 was $9.77 million, the highest among all industry sectors.

How many healthcare data breaches occurred in 2024?

In 2024, there were 734 data breaches reported at healthcare providers involving 500 or more records, averaging 2 cyberattacks per day or 61 per month.

What unique benefit does CyberCatch's (CYBHF) healthcare cybersecurity solution offer?

Healthcare providers implementing CyberCatch's solution receive a no-application cyber insurance policy at a discounted premium through an A XV rated insurer partner.