- The February 15, 2023 Investor Day virtual event will be hosted by the company’s President and CEO, Brian Haugli, and CFO, Ryan Polk
- Reports have shown an increase in cyberattacks due to the growth in network attack surfaces for in-office and remote workers who rely on cloud environments, mobile devices, software applications, and third-party suppliers to conduct business
- SideChannel’s newest product release, Enclave(TM), is a comprehensive cloud and network solution that enables IT teams to contain breaches faster, reduce network outages, minimize latency, and strengthen overall defensive security
SideChannel (OTCQB: SDCH), a provider of cybersecurity services and technology, develops technologies to make cybersecurity simple and accessible, by matching organizations worldwide with expert virtual Chief Information Security Officers (vCISOs), allowing companies to assess cyber risk and ensure cybersecurity compliance, without jeopardizing financial assets. The company has announced its Investor Day event to be held virtually on February 15, 2023, from 9:00 am to 10:30 am EST (https://ibn.fm/LG5ZY).
Investor Day will be hosted by SideChannel’s President and CEO, Brian Haugli, and CFO, Ryan Polk, who will provide updates on the Company’s operations, recent developments, and strategic priorities. SideChannel will accept questions from investors via email before the event, which can be submitted to [email protected]. Investors planning to attend SideChannel’s Investor Day event will need to preregister for the event by filling out an online form (https://ibn.fm/YvCR1).
SideChannel is committed to creating top-tier cybersecurity programs for small and mid-sized businesses, helping them protect their data and assets, and has created over 50 multi-layered cybersecurity programs for clients. The company lends its talents to clients, creating value in the form of a bespoke cybersecurity program perfectly sized for growing enterprises.
Reports have shown that cyberattacks on these types of businesses have increased in recent years due to the exponential growth of network attack surfaces. More remote and in-office workers rely on cloud environments, mobile devices, software applications, and third-party suppliers to conduct business. With this in mind, SideChannel is continually expanding its service offerings, workforce, and customer base – attracting over 20 vCISOs to serve across a vast number of industries, including fintech, biotech, healthcare, manufacturing, legal, defense, and technology services.
SideChannel’s recent product offering includes Enclave(TM), a comprehensive cloud and network solution that enables IT teams to contain breaches faster, reduce network outages, minimize latency, and strengthen overall security defense. Enclave creates the foundation for a zero-trust network security model that IT can build upon, segmenting a company’s network to organize personnel and computing devices at the employee level and implement security controls across all network segments.
The cybersecurity market is projected to reach $173.5 billion by the end of 2023, with security services anticipated to be the largest segment valued at $91.21 billion. The average spend per employee in the cybersecurity market is projected to reach $8,190 in 2023. The market is expected to grow at a CAGR of 10.9%, resulting in a revenue volume of $262.4 billion by 2027. Compared to global revenue, the United States is expected to account for approximately $69.7 million in 2023 (https://ibn.fm/nsWa0).
Enclave was designed and purpose-built to serve the growing security needs of small to mid-sized organizations. This traditionally underserved market is more prone to cyber-attacks but has limited protection due to smaller budgets, inadequate IT security staffing, and a lack of cybersecurity awareness among top executives. SideChannel’s product is affordable and effective – shrinking the attack surface area exposed to cyber intruders and significantly reducing the effort required to operate securely.
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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