CyberCatch and Learn.Net Partner To Provide Innovative Cybersecurity Training Solution

Rhea-AI Summary

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.

Positive

• Partnership with Learn.Net to offer innovative continuous cybersecurity training
• Addressing a growing market expected to reach $10 billion by 2027
• Potential for wide adoption and sales growth for both companies

Negative

• None.

Vancouver, British Columbia and San Diego, California--(Newsfile Corp. - September 18, 2024) - 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 today a partnership with Learn.Net, a leading corporate training solution provider, to offer an innovative continuous cybersecurity training solution. According to Cybersecurity Ventures, approximately $5.6 billion is spent on cybersecurity awareness training globally, and expected to grow to $10 billion by 2027, and yet according to Verizon's Data Breach Investigations Report (DBIR), 74% of data breaches are due to human errors. According to IBM's Cost of a Data Breach Report, globally average cost of a data breach is $4.5 million, while the average cost of a ransomware attack is $5.1 million to an organization, not including ransom payments. Current cybersecurity awareness training solutions are rudimentary, not continuous and ineffective, and are not providing a return on investment.

"At Learn.Net, with over a million learners, we've learned that true performance comes from building habits, not just understanding topics like cybersecurity. That's why we're excited to partner with CyberCatch to offer a cutting-edge training solution featuring continuous microlearning, turning cybersecurity behaviors into lasting habits," said Stephanie Crowe, CEO, Learn. Net.

"CyberCatch is excited to partner with Learn.Net to convert our unique cybersecurity awareness training content into continuous, microlearning learning to make the learners cyber savvy so the human firewall is effective and the organization stays one step ahead of threats. We expect wide adoption of the innovative solution and sales growth for both our companies as we transform security awareness training," said Sai Huda, CEO, CyberCatch.

About Learn.Net
Learn.Net is a leading corporate learning technology provider with a proprietary training solution, using brain science and AI-driven microlearning, to over a million learners and serves organizations of all types and sizes, including the Fortune 500. Learn more at: https://www.learn.net

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/223695

FAQ

What is the partnership between CyberCatch Holdings (TSXV: CYBE) and Learn.Net?

CyberCatch Holdings (TSXV: CYBE) and Learn.Net have partnered to provide an innovative continuous cybersecurity training solution that uses microlearning to turn cybersecurity behaviors into lasting habits.

How much is the global cybersecurity awareness training market expected to grow by 2027?

The global cybersecurity awareness training market is expected to grow from $5.6 billion to $10 billion by 2027.

What percentage of data breaches are caused by human errors, according to the press release about CyberCatch (TSXV: CYBE)?

According to the press release, 74% of data breaches are caused by human errors, based on Verizon's Data Breach Investigations Report (DBIR).

What is the average cost of a data breach, as mentioned in the CyberCatch (TSXV: CYBE) press release?

According to IBM's Cost of a Data Breach Report, cited in the press release, the global average cost of a data breach is $4.5 million.