- Cyberattack incidents continue to rise, with 100 percent increase noted between 2015 and mid-2018
- Cyberfort Software is building a portfolio with adaptive app offerings to provide ad blocking & filtering services
- Company’s flagship Vivio acquisition boosts responsiveness to Apple product users
Cybersecurity companies such as Cyberfort Software Inc. (OTC: CYBF) are becoming a modern necessity amid an ever-increasing number of data attacks on unsuspecting personal and corporate computer systems. Cyberfort Software’s mission to provide powerful and responsive solutions to cyber-attacks promotes the networking worth of both individuals and business users as they interact across multiple platforms.
Cybersecurity firm ThreatMetrix issued its own recent analysis of the tech landscape (http://nnw.fm/y6Sxk), noting that cyberattacks surged more than 100 percent between 2015 and the second quarter of 2018, as reported by Reuters (http://nnw.fm/G2RuR). The report noted some 361 million cyber-attacks during the first half of the year, driving a trend in which venture capital funding rose 20 percent during the course of a year, from $4.4 billion in 2017 to $5.3 billion in 2018.
“We’re seeing mega-breaches happening on an extremely frequent basis,” Strategic Cyber Ventures data scientist Chris Ahern told Reuters. “I don’t think that’s going to stop anytime soon. And investors are seeing that as an opportunity for investment.”
Cyberfort is focused on practices such as content filtering and ad blocking, developing and acquiring leading-edge cybersecurity technology through an expanding portfolio that includes content filtering pioneer Vivio. The Vivio app already has 10,000 users on its iOS 10 consumer version, and the company has plans for a rebranded version that will include a range of privacy controls and data/bandwidth optimizations to help businesses ensure the cyber safety of devices used by their employees. CYBF is also pursuing the acquisition of filtering technology through Just Content Software, an iTunes-accessible app.
Cyberfort recently detailed plans to uplist to the OTCQB Venture Market during the opening months of 2019 in an effort to improve its exposure to investors while strengthening its own transparency practices (http://nnw.fm/ROi5w).
“Trading on the OTCQB will be another important milestone for CYBF and a key step in expanding our financial communication program,” CEO Daniel Cattlin stated in the news release. ”These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. We are looking forward to this new home for our stock.”
Simple app accessibility in the face of increasing cyber threats creates the potential for greater consumer interest in cybersecurity. Computer security firm McAfee regularly issues surveys of consumer attitudes (http://nnw.fm/9hqWc), noting the disparity between consumer knowledge of cybercrimes and consumer responsiveness to potential cybercrimes as the ever-widening Internet of Things landscape increases potential avenues for hackers to access consumer data.
Analysts at Market Insights Report predict that the cybersecurity industry will reach $325 billion by 2025 with a compound annual growth rate of 11.45 percent from 2017 to 2025 (Market Insights Report – Global Cybersecurity Market), highlighting the expectations for the industry’s success in the coming years (http://nnw.fm/Wbh3Q).
For more information, visit the company’s website at www.CyberfortSoftware.com
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