- SideChannel is a company making cybersecurity accessible and simple, especially for small and mid-sized businesses (“SMBs”)
- The company provides cybersecurity services in the form of virtual CISOs (“vCISOs”), engineering services that enable the vCISOs to provide operational day-to-day security and privacy to clients, and proprietary security software called Enclave
- SideChannel’s differentiator from its competition is its team of experts, and recently the company hired IT and cybersecurity veteran Sean Higgins as Principal Consultant
- In this role, Sean will help client companies’ CISOs and senior management evaluate and have greater levels of confidence in their security programs
SideChannel (OTCQB: SDCH), a company focused on making cybersecurity more accessible and simple, especially for small and mid-sized businesses (“SMBs”), recently expanded its team with the hiring of Sean Higgins as Principal Consultant (https://ibn.fm/AeZGL).
An information technology (“IT”) veteran with over 35 years of experience, almost 30 of which have been focused on cybersecurity, Sean previously worked as the Chief Technology Officer (“CTO”) and Co-Founder at Herjavec Group, a global cybersecurity product and services provider. In his Principal Consultant role at SideChannel, Sean will help SideChannel’s clients’ in-house Chief Information Security Officers (“CISOs”) and management assess and have confidence in their security programs.
Higgins’ onboarding is timely, given the prevailing cybersecurity challenges SMBs face and the ever-growing volume of threats. According to a July 2022 article in Forbes, SMBs face more hurdles than larger corporations when trying to safeguard their computing and networking infrastructure against the growing number of cyberattacks and allied threats. The drawbacks, the article notes, include a lack of resources, skills, and staff (https://ibn.fm/EeciE). And as the 2022 CISO Survey of Small Cyber Security Teams report, which was quoted in the article, established, this problem is further compounded by the fact that small security teams are often allocated small budgets. It comes as no surprise then that these teams are paying attention to fewer security alerts in 2022 than they did the previous year.
The study further documented the problems SMBs face when operating threat protection products. The biggest include having overlapping capabilities of different technologies, viewing the full picture of an attack, and deploying and maintaining disparate technologies on one machine. Moreover, the report ranked the lack of skilled security personnel as the top barrier to maintaining security posture. Other barriers include excessive manual data analysis, a remote workforce, ineffective user awareness training, and a lack of budget.
With the U.S. Cybersecurity and Infrastructure Security Agency (“CISA”) warning of imminent cyberattacks in the wake of Russia’s invasion of Ukraine (https://ibn.fm/uMIXf), SideChannel is positioning itself as the cybersecurity company whose products and services are designed to help SMBs get around the existing challenges. SDCH specifically provides cybersecurity services in the form of virtual CISOs (“vCISOs”), engineering services that enable the vCISOs to provide day-to-day operational security and privacy to clients, and proprietary security software called Enclave. Enclave allows organizations to micro-segment their corporate networks, thus preventing network-wide access by hackers in the event of an attack.
In a presentation delivered during the Windy City Roundup 2022 Conference held in October, SideChannel CTO and Co-Founder Nick Hnatiw explained why the company offers vCISO services. (A recording of the webcast is available upon registration at https://ibn.fm/TCOY1. CISOs, Nick began, implement and create strategy documents that guide the security of organizations. These documents detail how to protect the company from cyber threats and ensure compliance with regulations.
“SideChannel has discovered that all organizations need to have a CISO, but they all cannot afford one,” Nick underlined the gap in the market. To further emphasize this point, a fall 2021 study, entitled The State of Cybersecurity Leadership and Readiness, found that 45% of companies do not employ a CISO. In addition, 60% of the companies delegate the role of developing their cybersecurity strategies was to IT and compliance teams or even the executive leadership rather than to dedicated CISOs (https://ibn.fm/M8EPb).
With the aforementioned 2022 study having already cited budget constraints as one of the hurdles to implementing cybersecurity programs or hiring personnel with the requisite skills, SideChannel is filling an existing gap. The idea behind providing vCISO services, Nick noted, “is to fractionalize the time of the CISO and distribute it to many organizations.” SideChannel matches companies with an expert vCISO so the organization can assess cyber risk and ensure cybersecurity compliance.
“Our differentiator to our competition is our people. SideChannel is the leading cybersecurity firm with a growing list of former enterprise-level CISOs to deliver vCISO services to clients,” SideChannel’s website reads.
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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