CISO Global (NasdaqCM: CISO) is catching investors' attention, and deservedly so. They announced last Tuesday that an independent appraisal of its AI-Powered Security Solution, Argo Edge, valued it at
Specifically, revenue growth with lowering COGS remains intact. That was evidenced last week after CISO announced earnings, showing Q2 revenues scoring
Keep in mind that CISO has brought to market cybersecurity products that can be game-changers for the cyber defense sector, providing an alternative to patchwork products and band-aid platforms that often become vulnerable to cyber-attacks months after being installed. CISO products mitigate that threat by utilizing AI for continuous learning. Moreover, by instilling cybersecurity as a culture in its clients, CISO clients benefit from an almost impenetrable fortress to protect their assets. In fact, while no product or platform can be 100% effective, it's fair to appraise CISO's products as being the most comprehensive to facilitate reaching that goal.
Digital Revolution Attracts Criminal Opportunists
Importantly, CISO is timely to the enormous opportunity. Cybersecurity was once a word people heard but seldom reacted to. While that disregard may have been acceptable several years ago, it's not anymore. The sophistication of cybercrime, which attacks individuals, small businesses, and billion-dollar companies, is no longer taken lightly. In fact, creating a firewall against cybercrime is a top-line agenda item for smart companies, understanding that being proactive to defend is a much easier process to implement than reacting to a successful system infection.
And don't think billion-dollar companies are insulated from these threats.
That threat became mainstream with the advent of Bitcoin, which revolutionized the digital landscape. While the benefits of the transformation can be extraordinarily valuable for users, decentralization comes with consequences. It attracted the attention of large, well-funded criminal organizations, including highly sophisticated adversaries that have continuously unleashed a barrage of malware, predominantly ransomware, upon the vast expanse of the internet. And they show no prejudice: in today's interconnected world, if you use the internet, you're a potential target, with an active war being waged against you. The worst part of that situation is that most are battling an arsenal they can't defend against.
The Veracity of Ransomware
Attacks typically come in the form of ransomware, malicious software that encrypts a user's files and demands a ransom to restore access or decrypt the files. However, those attacked often don't realize that succumbing to the ransom demands does not guarantee resolution. Instead, payment to the intruder often leads to ongoing extortion as companies, more times than not, remain vulnerable to the methods used in the initial intrusion.
That's because cybercriminals constantly evolve and modify ransomware to outsmart the latest security measures. These intentional mutations are meticulously designed to enrich attackers at the victim's expense. Remember, while people and businesses focus on whatever it is they do, cyber criminals devote themselves 24/7 to developing more sophisticated attacks. As a result, the battlefield has become larger - and more advanced - than ever.
That results from the integration of AI-enhanced social engineering and brute force attacks that have pushed the cyber war into the realm of existential threat. No longer is the battle outcome favoring the innocent. That's evidenced by the magnitude of lost value, with estimates putting 2022 casualties from cybercrime at a staggering
But just spending money isn't the answer. Companies can spend millions and be no better off than using commodity protection offered by companies like
Because it's led to clients, current and potential, learning that a potent combination of skilled cybersecurity experts and cutting-edge technology must be deployed with precision to triumph in the cyber war. This is precisely the culture and value proposition embodied by CISO Global, which offers its customers a mix of security and compliance experts fortified by state-of-the-art proprietary technology. But there's added value from CISO being more than a cyber security products company.
CISO Global Ushers in the New Age Of Cybersecurity
As they put it, "Cybersecurity is a Culture, not a Product." That's more than a trademark; it's an accurate way to describe its mission. Excellent at what they do, CISO is at the forefront of a revolutionary mindset shift regarding cybersecurity, reshaping the concept from a product-centric approach to an ingrained cultural mindset. While state-of-the-art technology is essential, its efficacy is only as good as the cybersecurity professionals that deploy it. With that idea in mind, CISO is pioneering this shift in mentality, placing education and cultural transformation at the core of its approach to combat ransomware. Unlike many of its competitors, CISO doesn't provide one-size-fits-all solutions.
Instead, knowing that every network is unique in IT architecture, size, scale, and location, CISO implements security solutions as diverse as the attacks they safeguard, with the pillars of defense being education and cultivating a culture of security. It's a message they continue to tell at workshops, seminars, platforms, supplementary services, and training programs. CISO Global actively engages potential clients at these events, helping them to comprehend the constantly evolving tactics used by cybercriminals and equipping them with the knowledge to fortify their defenses. The goal is to create an understanding and awareness of cybercrime, ransomware, and its implications. From there, CISO can empower individuals and organizations to adopt a proactive rather than reactive stance against cyber threats.
Creating the Culture to Battle Cyber Crime
That's the CISO Global difference. And as it utilizes the power of AI to continuously improve its efficacy, its approach and mechanisms are constantly evolving. In fact, by learning from each successful defense, CISO solutions are always on the clock, reacting to address the newest forms of cyber attacks. In other words, they should stay ahead of cybercriminals, noting that its AI-empowered tools can do in seconds what would have taken days, even weeks, of programming to build a fresh defense.
Most simply put, CISO solutions are smart, and by continuously learning, their cybercrime fighting abilities remain able to address even the latest threats. Indeed, companies are taking advantage of what CISO offers, as shown by revenues increasing on a comparative basis. Remember, its share price of
Unleashing that value may happen sooner than later, resulting from the remainder of 2023 likely filled with cyber threats to businesses that will remain incessant, evolving, and increasing in magnitude. With trillions of dollars in digital transactions being viable targets for those lacking a defensive arsenal, that's an easily supported assumption.
But it's not all dire straits; there are ways to protect interests and assets. And ironic as it may be, microcap CISO Global may be the company offering the most robust solution to a massive problem, proving that when it comes to providing impenetrable defenses, size doesn't matter; expertise and innovation do. Those are two boxes CISO Global clearly checks.
Disclaimers:
Media Contact
Company
Contact Person: Editorial Dept.
Email: info@hawkpointmedia.com
Country:
Website: https://hawkpointmedia.com/
.
(C) 2023 M2 COMMUNICATIONS, source