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CISO Global Inc specializes in providing cybersecurity services to protect client's data, financial information, intellectual property, and business reputation. Their services encompass penetration testing, security remediation, compliance auditing, vulnerability assessment, and more. Operating in the U.S., Chile, and globally, the company derives a significant portion of its revenue from the U.S. market.
CISO Global has secured a strategic investment of $6.5 million from investors led by Target Capital through a convertible note. The funding will primarily be used to reduce short-term debt and strengthen the company's balance sheet, advancing its path to profitability.
The investment demonstrates Target Capital's confidence in CISO Global's business model and long-term vision. The company plans to enhance financial flexibility, improve operating cash flow, and invest in scaling software sales to existing clients and channel partners.
RBW Capital Partners , through Dominari Securities , acted as the exclusive placement agent for the offering.
CISO Global's AI-powered security platform, CISO Edge, demonstrated its strength at the 2024 Black Hat USA and DEF CON 32 conferences, blocking over 87,000 unique attacks in just 6 hours. This performance builds on last year's success, where it prevented 127,000 hack attempts. Edge, a key component of CISO Global's $50 million cybersecurity software suite, underwent rigorous testing by top cybersecurity professionals.
The platform enhances both external security and internal network resilience, with a focus on combating ransomware threats. Over the past three years, Edge has been deployed across various commercial and government networks, effectively defending against ransomware variants like LockBit, CL0P, and REvil. CEO David Jemmett emphasized Edge's vital role in coordinating multiple security solutions to maximize defense against attacks.
CISO Global (NASDAQ: CISO) has developed a solution to address the recent security incident involving CrowdStrike and Microsoft. The issue, caused by a faulty update to CrowdStrike's Falcon Sensor V6.58, triggered widespread Blue Screen of Death (BSOD) errors on Windows machines globally. CISO Global's Incident Response team studied affected networks and created a step-by-step solution to resolve the BSOD issue and restore normal operations.
The solution involves booting into Safe Mode, navigating to the CrowdStrike directory, deleting the faulty file, and rebooting the system. CISO Global's CEO, David Jemmett, emphasized the importance of network resiliency and raised questions about whether the incident was caused by human error or an attack similar to the SolarWinds breach.
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