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About CyberCatch Global Inc. (CYBHF)
CyberCatch Global Inc. (OTC: CYBHF) is an innovative cybersecurity company specializing in providing AI-enabled Software-as-a-Service (SaaS) solutions designed to ensure continuous compliance and mitigate cyber risks. Headquartered in Vancouver, British Columbia, and San Diego, California, CyberCatch caters primarily to small and medium-sized enterprises (SMEs) and organizations in critical industries such as defense, healthcare, education, and manufacturing. The company addresses a critical gap in the cybersecurity landscape by offering cost-effective, automated solutions that proactively identify and resolve vulnerabilities, enabling organizations to stay compliant and safe from cyber threats.
Core Offerings and Business Model
CyberCatch's flagship platform is a proprietary AI-driven SaaS solution that focuses on the root cause of successful cyberattacks: security gaps caused by control deficiencies. The platform operates by implementing all necessary cybersecurity controls, followed by continuous testing across three dimensions—outside-in, inside-out, and social engineering. This comprehensive approach ensures that control failures are promptly identified and addressed, allowing organizations to maintain compliance and reduce their exposure to cyber threats.
The company's revenue model is based on subscriptions, making its solutions accessible to SMEs and other organizations with limited resources. By automating compliance and risk mitigation, CyberCatch enables its clients to focus on their core operations while remaining protected from increasingly sophisticated cyberattacks.
Target Markets and Industry Context
CyberCatch operates in the rapidly growing cybersecurity industry, which is driven by the escalating frequency and severity of cyberattacks. SMEs are particularly vulnerable, as they often lack the resources to implement robust cybersecurity measures. CyberCatch's solutions are tailored to meet the unique needs of these organizations, providing a cost-effective way to achieve compliance with regulatory standards and protect against threats such as ransomware and data breaches.
In addition to SMEs, CyberCatch serves critical infrastructure sectors, including water systems, defense contractors, and educational institutions. The company's focus on compliance makes it an essential partner for organizations subject to stringent regulatory requirements, such as the Cybersecurity Maturity Model Certification (CMMC) for U.S. defense contractors.
Innovative Solutions
- Anti-Ransomware Solution: CyberCatch's platform includes a specialized anti-ransomware solution that ensures organizations have the necessary controls in place to prevent ransomware attacks. By continuously monitoring and testing these controls, the solution helps organizations avoid costly disruptions and financial losses.
- Cybersecurity Training: The company offers next-generation cybersecurity awareness training through its "HackOps" gamified learning platform. This innovative solution uses virtual reality and immersive experiences to teach users how to think like attackers, transforming them into effective human firewalls.
- No-Application Cyber Insurance: CyberCatch has partnered with insurance providers to offer discounted cyber insurance policies to clients who use its platform to achieve compliance. This unique offering provides an additional layer of protection for organizations.
Competitive Positioning
CyberCatch differentiates itself through its focus on continuous compliance and proactive risk mitigation. Unlike traditional cybersecurity solutions that react to threats after they occur, CyberCatch's platform prevents attacks by addressing vulnerabilities before they can be exploited. Its use of AI and automation further enhances its effectiveness, making it a valuable partner for resource-constrained SMEs and critical infrastructure providers.
Conclusion
CyberCatch Global Inc. is a forward-thinking cybersecurity company that combines AI, automation, and a compliance-focused approach to address the evolving landscape of cyber threats. By empowering organizations to proactively manage their cybersecurity risks, CyberCatch plays a vital role in safeguarding businesses and critical infrastructure from the growing menace of cyberattacks.
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.
CyberCatch Holdings has reported a 42% increase in its customer base over the last 12 months, with the majority of new clients based in the U.S. (55%) and Canada (45%). This growth spans multiple sectors including defense, manufacturing, healthcare, financial services, education, and retail, particularly focusing on small and medium enterprises (SMEs). The company’s AI-enabled SaaS platform helps businesses stay compliant and mitigate cyber risks effectively and affordably. CyberCatch's solution has been praised by industry professionals for its ease of implementation and effectiveness.
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