Cybercatch Global Inc Stock Price, News & Analysis

CyberCatch Holdings (TSXV: CYBE) has announced an innovative no-application cyber insurance policy benefit for businesses using its cybersecurity solution. The company is partnering with CMR Risk & Insurance, a leading U.S. insurance brokerage firm licensed in all 50 states.

The initiative targets the 221,000 businesses serving the U.S. military, of which 140,000 must comply with CMMC Level 1 and implement 15 cybersecurity controls. Most of these are small and medium-sized businesses with resources. Businesses implementing CyberCatch's solution to attain CMMC Level 1 compliance will receive a no-application cyber insurance policy offer from CMR via an AXV rated cyber insurer at a discounted price.

CyberCatch Holdings has announced a cybersecurity solution targeting thousands of U.S. drinking water systems following an EPA OIG report that revealed severe vulnerabilities. The report found that over 70% of inspected water systems fail to comply with legal cybersecurity requirements, with 308 systems serving 109.3 million people having exploitable vulnerabilities. The company's SaaS solution offers continuous compliance and cyber risk mitigation through attack surface mapping, AI-enabled benchmarking, expert remediation, and automated testing. According to U.S. Water Alliance, a one-day disruption in water service could impact $43.5 billion in economic activity.

CyberCatch Holdings, Inc. (TSXV: CYBE) has partnered with Learn.Net to offer an innovative continuous cybersecurity training solution. This collaboration aims to address the ineffectiveness of current cybersecurity awareness training, which has led to 74% of data breaches being caused by human errors. The global cybersecurity awareness training market is expected to grow from $5.6 billion to $10 billion by 2027.

The new solution will feature continuous microlearning to transform cybersecurity behaviors into lasting habits. With the average cost of a data breach at $4.5 million and a ransomware attack at $5.1 million, this partnership seeks to provide a more effective return on investment for organizations. Both companies anticipate wide adoption and sales growth from this transformative approach to security awareness training.

CyberCatch Holdings, Inc. (TSXV: CYBE) has launched an innovative AI-enabled anti-ransomware solution to combat the growing ransomware epidemic. The solution focuses on implementing critical cybersecurity controls as prescribed by NIST IR 8374 Ransomware Risk Management Framework. Key features include:

1. Ensuring organizations have all mission-critical cybersecurity controls in place
2. Continuous monitoring and testing to maintain safety and compliance
3. Options for baseline safety (top 25 controls) or full safety (69 controls)

CyberCatch's CEO, Sai Huda, emphasized the urgent need for this solution, citing the spike in median ransom payments from $200,000 in 2023 to $1.5 million mid-year in 2024. The company expects rapid adoption across organizations of all sizes, potentially accelerating sales growth.

CyberCatch Holdings, Inc. (TSXV: CYBE) has announced a non-brokered private placement to raise up to $1,500,000. The offering consists of 10,000,000 units priced at $0.15 per unit, with each unit comprising one common share and one warrant. Each warrant is exercisable at $0.25 for two years, subject to acceleration if the stock price reaches $0.35 for 10 consecutive trading days. The company may pay finder's fees and close in multiple tranches. Proceeds will be used to hire sales staff, increase digital marketing, and support international growth. The private placement is subject to regulatory approvals and will be offered under exemptions from prospectus requirements.

CyberCatch Holdings, Inc. (TSXV: CYBE) has unveiled 'HackOps', a next-gen enterprise cybersecurity training solution. This innovative product addresses the $5.6 billion global cybersecurity awareness training market, targeting the 74% of data breaches caused by human errors. 'HackOps' is part of CyberCatch's CyberSavvyIQ series, offering a unique virtual reality learning experience that teaches users to 'think like an attacker'.

The solution simulates real-world cyberattack scenarios, covering reconnaissance, spear phishing, vulnerability exploitation, and ransomware installation. Compatible with various VR headsets and desktop platforms, 'HackOps' aims to transform learners into strong human firewalls. With the cybersecurity training market projected to reach $10 billion by 2027, CyberCatch is positioning itself to capture significant revenue in this growing sector.

CyberCatch Holdings, Inc. (TSXV: CYBE) has announced a share consolidation effective July 30, 2024. The consolidation will be on a 10:1 basis, meaning every ten pre-consolidated shares will be converted into one post-consolidated share. This move aims to transform the company's capital structure, attract additional financing, and position CyberCatch for growth and increased shareholder value.

Post-consolidation, the total issued and outstanding shares will be approximately 5,692,165, subject to rounding for fractional shares. The company's name will remain unchanged, but new CUSIP and ISIN numbers will be assigned. Registered shareholders holding physical share certificates will receive instructions for exchanging their certificates, while those holding shares through brokers won't need to take action.

CyberCatch Holdings, Inc. (TSXV: CYBE) has announced a plan to grow shareholder value through two key initiatives. Firstly, the company will implement a share consolidation at a ratio of 1:10, reducing the outstanding shares to 5,692,165. Secondly, CyberCatch plans to raise approximately $1,400,000 through a new financing offering, priced in the context of the market on a post-consolidated basis.

The capital raised will be used to fuel sales growth by funding marketing efforts and hiring additional sales staff. CEO Sai Huda expressed enthusiasm for the plan, stating it will benefit all shareholders as the company ramps up sales growth and business activity.

CyberCatch Holdings, Inc. (TSXV: CYBE), an innovative cybersecurity company, has reported significant revenue growth for its AI-enabled SaaS solution. The company's gross revenues increased by 159.7% for the fiscal year ending July 31, 2023, compared to the previous year. Additionally, for the six months ending January 31, 2024, gross revenues surged by 245.8% compared to the same period in the previous year.

This growth trend is attributed to the rising global cyber-attacks on corporations, SMEs, and governments, leading to increased adoption of CyberCatch's unique, patented SaaS solution. CEO Sai Huda emphasized that the company has successfully transitioned from concept to development, achieving product-market fit and positioning itself for further significant growth in the coming months and new fiscal year.