- SMBs are increasingly vulnerable to cyberattacks, from attacks on internal customer and employee records to proprietary secrets, and, although there are no foolproof solutions, there are now affordable and proven ways for SMBs to significantly mitigate the risks
- SideChannel’s team of vCISOs (virtual-based Chief Information Security Officer) possess a combined 400-plus years of experience in cybersecurity, offering creative solutions in the form of a bespoke cybersecurity program perfectly sized for growing enterprises
- The global cybersecurity market was valued at $139.77 billion in 2021 and is expected to reach $155.83 billion in 2022
The rapid digitization of supply chains creates serious new security risks. According to predictions by Gartner, 45% of organizations worldwide will have experienced cyberattacks on their software supply chains by 2025. With 60% of the current workforce working remotely, organizations are more vulnerable to attacks. They recommend that security leaders look beyond traditional approaches to security monitoring, detection, and response, to manage wider risks (https://ibn.fm/JnH6G).
SideChannel (OTCQB: SDCH) is simplifying cybersecurity for mid-market companies by matching them with highly experienced information security officers at a cost lower than building an in-house information security team or hiring a full-time Chief Information Security Officer (“CISO”). Comprised of a team of virtual CISOs (“vCISOs”), SideChannel possesses a combined 400-plus years of experience in cybersecurity, lending its talent to clients and creating value in the form of cybersecurity programs perfectly sized for growing enterprises.
Small- to mid-sized businesses (“SMBs”) are especially vulnerable to breaches and cyberattacks. The fast-growing cannabis industry has also seen a rise in cyberattacks, from breaches in information security at the point-of-sale terminals to internal customer and employee records to cultivators who risk losing proprietary formulas or having a crop ruined by ransomware attacks, making it imperative for solutions to be implemented to mitigate cyberattack risks. It isn’t just the cannabis industry; retail establishments, farming initiatives, and other businesses (of all sizes) are vulnerable to attacks.
Implementing a zero-trust philosophy is one way to safeguard against cloud-based cybercrime (https://ibn.fm/p5jdw). The main principle behind zero trust is to authenticate everything – trusting no one without authorization or authentication. This security measure is critical to protect businesses from threats when shielding data and the infrastructure stored in the cloud.
With data privacy laws becoming increasingly strict, 2023 will be no different – with the laws becoming more stringent. Over the next year, several new laws are expected to go into effect. Many data privacy laws require businesses to change how they store and process data; however, new implementation can pose a risk if not done correctly.
As a result, the global cybersecurity market is also expanding. The market was valued at $139.77 billion in 2021 and is expected to reach $155.83 billion in 2022. Growing at a CAGR of 13.4% during the forecast period, the market is expected to reach $376.32 billion by 2029. The driving factors for the market’s growth are the emergence of online e-commerce platforms, the advent of core technologies like the internet of things (“IoT”), artificial intelligence (“AI”), and the implementation of remote workforce settings (https://ibn.fm/eaUM9).
SideChannel is committed to creating top-tier cybersecurity programs for SMBs to help protect their data and assets. To date, the company has created more than 50 multi-layered cybersecurity programs for its clients. They have honed their skills and abilities in places like Anthem, Dick’s Sporting Goods, Best Buy, TD Bank, and the Pentagon. SideChannel continues to expand its service offerings, workforce, and customer base, attracting over 20 vCISOs to serve across industries, including fintech, biotech, healthcare, manufacturing, legal, defense, and technology services.
For more information, visit the company’s website at 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
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