- SideChannel is on a mission to make cybersecurity simple and accessible through its ever-evolving technologies, coupled with a move to educate the masses and sensitize its clients on the evolving cybersecurity landscape, new threats that emerge, and how to address them
- In a recent interview with LiveNOW Fox, David Chasteen, SideChannel’s Executive VP, discussed the recently downed Chinese spy balloon, commenting on the complacency that had come with society acknowledging spy satellites as the pinnacle, thus overlooking a significant gap which China exploited
- By providing insights into current security matters and, while offering expert and affordable vCISO support, SideChannel is positioning itself as the go-to cybersecurity solution, particularly for SMBs
- The company is looking to capitalize on the growth of the global cybersecurity market, currently projected to grow to $423.88 billion by 2033, posting a CAGR of 8.2% over the forecast period (2023-2033)
SideChannel (OTCQB: SDCH), a company on a mission to make cybersecurity easily accessible and affordable, is constantly developing ways to better ensure client cybersecurity. It does so through its ever-evolving technologies and its move to educate the masses and sensitize its clients on the evolving cybersecurity landscape, emerging threats and how to address them. With a team of virtual Chief Information Security Officers (“vCISOs”) offering a combined 400-plus years of experience in cybersecurity, SideChannel is able to address the current global cybersecurity situation with solutions to increasing challenges.
David Chasteen, SideChannel’s Executive VP, recently appeared on a LiveNOW Fox interview where he discussed the recently downed Chinese spy balloon. As a former officer on the covert action staff of the CIA, Mr. Chasteen highlighted the changing security landscape and how evolving technology is helping the United States identify spy gadgets that it could not identify before. Of note was his comment on the complacency that had come with society acknowledging spy satellites as the pinnacle, ultimately overlooking a significant gap that China exploited, possibly for several years without being detected (https://ibn.fm/GE3qB).
“It is interesting, as I think people view aviation and spy technology as relatively stagnant. With spy satellites, I think that people think we have found the pinnacle,” he noted.
“Clearly, the Chinese were able to find an unfilled gap between satellite technology and aircraft technology in altitudes that are difficult to detect. Obviously, they weren’t detected until we changed our technologies for monitoring that middle layer stratosphere,” he added.
SideChannel, through the collective expertise of its vCISOs, is out to build and lead cybersecurity programs exclusively for small and mid-sized businesses (“SMBs”). With the increased uptake of cybersecurity solutions, given the growing need for businesses to protect themselves from cyberattacks and comply with cybersecurity regulations, SideChannel is seeing a surge in demand for its services. In 2022, it posted $4.8 million in revenue, up from $2.8 million in 2021 (https://ibn.fm/1a9uX).
In addition, the global cybersecurity market is estimated to hit $423.8 billion by 2033, up from $180.2 billion in 2022, representing a CAGR of 8.2% over the forecast period (2023-2033). This growth will be significantly influenced by the increasing penetration of connected devices and systems, the rising vulnerabilities in networks and systems, and stringent data privacy regulations that require organizations to protect personal data (https://ibn.fm/pvDre).
SideChannel recognizes this opportunity and is positioning itself as the go-to solution, particularly for SMBs. In addition, engaging in and offering insights into current security matters, such as the recently downed Chinese spy balloon, elevates the brand’s perception and positioning among its potential customers, allowing it to expand its market reach and grow its customer numbers.
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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