SideChannel Inc. (OTCQB: SDCH), a provider of cybersecurity services and technology for emerging and middle market companies, reported on its fiscal year ended Sept. 30, 2022. Highlights of the report include revenue for the company reaching $4.8 million, a 71% increase over 2021, with vCISO revenue totaling $3.1 million, an increase of 93% over 2021. SideChannel’s recurring vCISO revenue reportedly increased by 562% and recurring software and services revenue increased by 367%. “Our 2022 performance demonstrates our continued strength and position in the market across both product and service delivery,” said SideChannel CEO Brian Haugli in the press release. “Our investments in sales and marketing, coupled with our expanding cybersecurity, privacy and risk management capabilities, have proven to be effective at acquiring new clients and retaining existing relationships.”
In addition, SideChannel CEO Brian Haugli, who previously served as a cyber security leader with the U.S. Department of Defense, was featured as an expert along with cyber security consultant Alana Staszcyszyn in a recent interview published by CBC News. The piece covers discussion regarding TikTok, which is owned by a Chinese company, and questions that are being raised as to whether the Chinese government might exploit the platform’s security issues. American lawmakers this week banned TikTok from U.S. government devices, and there is a proposal in the United States to ban it outright. “So, obviously, it’s a social media app that can be installed on Android or Apple phones and devices. I think that the primary issue with that is its ability to look at and see and store your location with GPS, the networks that you’re on, even be able to look at badge notifications,” Haugli said in responding to how concerned users should be about having the app on their devices. “So, if you get a message from a friend, your mom or someone else, it has the ability to read that because you granted those permissions to the TikTok application on your phone. And when you really kind of dig into all the permissions that are in there, I don’t think it’s something that most users are either aware of or willing to hand over to a company that’s owned and housed inside of China.”
About SideChannel Inc.
SideChannel is committed to creating top-tier cybersecurity programs for mid-market companies to help them protect their assets. SideChannel employs what it believes to be skilled and experienced talent to harden these companies’ defenses against cybercrime, in its many forms. SideChannel’s team of C-suite level information security officers possess a combined experience of more than 400 years in the industry. To date, SideChannel has created more than 50 multilayered cybersecurity programs for its clients. For more information about the company, please visit www.SideChannel.com.
NOTE TO INVESTORS: The latest news and updates relating to SDCH are available in the company’s newsroom at https://ibn.fm/SDCH
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
InvestorWire is part of the InvestorBrandNetwork