CyberCatch Announces Cybersecurity Solution To Protect Thousands of Drinking Water Systems in U.S. that EPA OIG Report Reveals are at Risk of Cyber Attack with One-Day Disruption Cost of $43.5 Billion
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 ha annunciato una soluzione di cybersecurity mirata a migliaia di sistemi di approvvigionamento idrico negli Stati Uniti, a seguito di un rapporto dell'EPA OIG che ha rivelato gravi vulnerabilità. Il rapporto ha scoperto che oltre il 70% dei sistemi idrici ispezionati non rispetta i requisiti legali in materia di cybersecurity, con 308 sistemi che servono 109,3 milioni di persone e presentano vulnerabilità sfruttabili. La soluzione SaaS dell'azienda offre conformità continua e mitigazione del rischio informatico attraverso la mappatura della superficie di attacco, benchmarking abilitato all'IA, rimedi esperti e testing automatizzato. Secondo l'U.S. Water Alliance, una interruzione del servizio idrico di un giorno potrebbe influenzare $43.5 miliardi di attività economica.
CyberCatch Holdings ha anunciado una solución de ciberseguridad dirigida a miles de sistemas de agua potable en EE. UU. tras un informe de la OIG de la EPA que reveló graves vulnerabilidades. El informe encontró que más del 70% de los sistemas de agua inspeccionados no cumplen con los requisitos legales de ciberseguridad, con 308 sistemas que abastecen a 109.3 millones de personas y tienen vulnerabilidades explotables. La solución SaaS de la empresa ofrece cumplimiento continuo y mitigación del riesgo cibernético a través de la mapeo de la superficie de ataque, benchmarking habilitado por IA, remediación experta y pruebas automatizadas. Según la Alianza de Agua de EE. UU., una interrupción del servicio de agua de un día podría afectar $43.5 mil millones en actividad económica.
CyberCatch Holdings는 EPA OIG 보고서에 따라 미국의 수천 개 음용수 시스템을 겨냥한 사이버 보안 솔루션을 발표했습니다. 보고서에 따르면 점검된 수자원 시스템의 70% 이상이 법적 사이버 보안 요건을 준수하지 않으며, 1억 930만 명에게 서비스를 제공하는 308개 시스템이 악용 가능한 취약점을 가지고 있습니다. 회사의 SaaS 솔루션은 공격 표면 매핑, AI 기반 벤치마킹, 전문가 수정 및 자동 테스트를 통해 지속적인 준수와 사이버 위험 완화를 제공합니다. 미국 수자원 동맹에 따르면, 하루 동안의 수돗물 서비스 중단은 $435억의 경제 활동에 영향을 미칠 수 있습니다.
CyberCatch Holdings a annoncé une solution de cybersécurité visant des milliers de systèmes d'eau potable aux États-Unis, suite à un rapport de l'EPA OIG qui a révélé des vulnérabilités graves. Le rapport a révélé que plus de 70 % des systèmes d'eau inspectés ne respectaient pas les exigences légales en matière de cybersécurité, 308 systèmes desservant 109,3 millions de personnes ayant des vulnérabilités exploitables. La solution SaaS de l'entreprise offre une conformité continue et une atténuation des risques cybernétiques grâce à la cartographie de la surface d'attaque, au benchmarking par IA, à l'expertise en remédiation et aux tests automatisés. Selon l'U.S. Water Alliance, une interruption de service d'eau d'un jour pourrait avoir un impact de 43,5 milliards de dollars sur l'activité économique.
CyberCatch Holdings hat eine Cybersecurity-Lösung angekündigt, die sich an Tausende von Trinkwassersystemen in den USA richtet, nachdem ein EPA OIG Bericht schwerwiegende Schwachstellen aufgedeckt hat. Der Bericht ergab, dass über 70% der inspizierten Wassersysteme den gesetzlichen Anforderungen an die Cybersicherheit nicht entsprechen, wobei 308 Systeme, die 109,3 Millionen Menschen versorgen, ausnutzbare Schwachstellen aufweisen. Die SaaS-Lösung des Unternehmens bietet kontinuierliche Compliance und Minderung von Cyberrisiken durch Mapping der Angriffsoberfläche, KI-gestützte Benchmarking, Expertenbehebung und automatisierte Tests. Laut der U.S. Water Alliance könnte eine eintägige Unterbrechung der Wasserversorgung 43,5 Milliarden Dollar an wirtschaftlichen Aktivitäten beeinflussen.
- Company identifies new large addressable market in critical infrastructure
- Solution addresses documented compliance gaps in water systems affecting 109.3 million people
- Market opportunity validated by EPA OIG report showing 70% non-compliance rate
- None.
Vancouver, British Columbia and San Diego, California--(Newsfile Corp. - December 2, 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, highlighted today how its unique solution protects drinking water systems from falling victim to a cyberattack causing severe damage to the economy.
The U.S. Environment Protection Agency (EPA) Office of Inspector General (OIG) issued a report on November 13, 2024, revealing that over 70 per cent of inspected water systems fail to comply with legal cybersecurity requirements and an alarming level of cybersecurity vulnerabilities have been discovered at drinking water systems across the U.S. with severe risk to the economy.
There are 51,000 water systems that serve approximately 300 million people in the U.S. Of the 1,062 drinking water systems serving over 193 million people in the U.S. that the EPA OIG scanned for vulnerabilities, 308 systems had cybersecurity vulnerabilities that attackers could exploit to cause loss or denial of service or theft of customer or proprietary data, impacting 109.3 million people.
According to U.S. Water Alliance, a one-day disruption in water service across the U.S. could jeopardize
CyberCatch's Software-as-a-Service (SaaS) solution enables continuous compliance and cyber risk mitigation with a comprehensive value proposition consisting of:
- A visual attack surface map discovery of the entire system that attackers can exploit
- AI-enabled benchmarking and gap analysis to legal cybersecurity requirements
- Expert cybersecurity controls remediation via fractional CISOs
- Implementation of all necessary cybersecurity controls to attain full compliance
- Incident response plan and testing of the plan via cyberattack simulation
- Continuous three dimensional automated cybersecurity controls testing (outside-in, social engineering and inside-out) and remediation
- Continuous threat analysis and expert guidance via fractional CISOs
- Ongoing cybersecurity awareness training of the human firewall
"Drinking water systems are a high value target for cyber attackers for disruption and financial gain, since they are the lifeline to the economy with severe potential impact but often lack resources and technical knowledge to adopt adequate cybersecurity practices," said Sai Huda, CEO, CyberCatch.
"However, with CyberCatch, now every single drinking water system, no matter their size or location, can quickly attain compliance with requirements and stay safe from cyber threats."
"CyberCatch already serves other critical infrastructure segments in North America and drinking water systems now provides CyberCatch with another large immediate addressable target market segment to serve and further grow its customer base with an optimal solution that is a must-have."
To learn more and request 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/232055
FAQ
What cybersecurity vulnerabilities did the EPA OIG report find in U.S. drinking water systems?
What is the potential economic impact of a water system cyberattack according to the CyberCatch (CYBHF) announcement?
What key features does CyberCatch's (CYBHF) water system cybersecurity solution offer?
