The unthinkable has become real: Temu, the breakout e-commerce app that became an instant sensation in the US, might be a wolf in sheep’s clothing.
Temu took the US market by storm with its attractive bargain prices and surpassed Instagram, WhatsApp, and Snapchat in popularity within 17 days of its September 2022 launch.1
Today, it’s the most downloaded app in America, boasting an impressive user base of over 50 million.2 But beneath its shiny surface lies a startling truth.
Temu, owned by Chinese online shopping giant PDD Holdings, is suspected of data privacy and security issues.3
PDD, which is valued at $120 billion4—more than the combined value of Ford and General Motors—is no stranger to controversy.
In March, Temu’s sister app, Pinduoduo, was suspended by Google after researchers found that the app can bypass phones’ security, monitor activities of other apps, access private messages, and even change phone settings.5
Although it hasn’t been proven that Temu is doing the same, the fact that the app requests 24 permissions,6 including access to Bluetooth and information about Wi-Fi networks, is VERY alarming.
So, why does an e-commerce provider need access to Wi-Fi information? It’s a question that many are struggling to answer, but the implications are dire.
Picture this: you’re connected to your corporate WiFi at work, sipping your morning coffee. Unbeknownst to you, you’ve just become a juicy target for cybercriminals.
Despite the whopping $150 billion poured into cybersecurity annually, data thieves and ransomware installers are still having a field day. It’s like trying to stop a flood with a sieve.
The defense line is thin, and that’s why it’s absolutely paramount for businesses and individuals to not only understand the lurking cyber threats but also to armor up against them.
Enter CyberCatch Holdings Inc. (TSXV:CYBE), a leading cybersecurity company. Their primary mission? To shield these vulnerable entities from the relentless onslaught of cyber attacks. Because in the digital world, the best offense is a solid defense.
CyberCatch specializes in AI-enabled SaaS solutions to mitigate cyber risks for businesses of all sizes within just two weeks.
CyberCatch’s (TSXV:CYBE) unique, patented technology is designed to address the root causes of data theft and ransomware attacks, specifically focusing on strengthening weak defenses and sealing up unknown security holes.
The company is backed by Tom Ridge, the first Secretary of the US Department of Homeland Security, who serves as a Board Advisor, and its CEO Sai Huda is the co-author of Canada’s National Cybersecurity Standard.7
CyberCatch (TSXV:CYBE) isn’t just about offering top-notch cybersecurity solutions; they’re also making impressive strides financially.
Since emerging from stealth mode, CyberCatch has generated a sales pipeline worth over $10 million in a remarkably short span of time, with projections of at least $12 million in sales over the next 12 months.
Now let’s take a deeper dive into why CyberCatch Holdings Inc. (TSXV:CYBE) is perfectly positioned as a serious player in cyber security.
7 Reasons
to Add CyberCatch Holdings Inc. (TSXV:CYBE) to Your Watchlist
1
Unique, Patented Technology: CyberCatch’s (TSXV:CYBE) all-in-one, patented cybersecurity solution provides comprehensive protection, focusing on the root cause of cyber attacks: security holes from non-compliance.
2
AI-Enabled SaaS Solution: The company’s AI-driven platform delivers compliance in just 2 weeks or less, significantly faster than the standard 3 months or more, offering rapid protection for businesses.
3
Strong Financial Projections: With an impressive sales pipeline worth over $10M and projected sales of at least $12M in the next 12 months, CyberCatch (TSXV:CYBE) shows a promising financial trajectory.
4
Proven Management Team: CyberCatch’s (TSXV:CYBE) leadership has a successful track record, including founder, chairman, and CEO Sai Huda, who built a $100M+ revenue industry-leading compliance SaaS business, which was acquired by Fortune 500 company FIS (NYSE: FIS).
5
Backed by Respected Industry Leaders: With Tom Ridge, the first Secretary of the US Department of Homeland Security, and former Department of Defense Deputy Chief Information Officer (CIO) Marv Langston, it has industry-leading expertise and credibility.
6
Upcoming Catalysts: The numerous exciting announcements in the pipeline including new AI-enabled features, partnerships, customer wins, and more provide potential for significant growth and interest.
7
Focused on Vulnerable as well as Large Market Segments: The company’s focus on serving large, critical and vulnerable sectors such as Defense, Manufacturing, K-12, and SMBs, represents an immense market opportunity.
Data Breaches Soar to New Heights: SMBs in Dire Need of Cybersecurity Overhaul
In this rapidly evolving and consolidating market, CyberCatch Holdings Inc. (TSXV:CYBE) stands apart. Unlike other companies, CyberCatch offers a patented AI-enabled SaaS solution tailored to address the cybersecurity needs of critical segments such as small and medium-sized businesses (SMBs).
This solution not only ensures compliance with cybersecurity requirements globally, such as Canada’s new national standard for baseline cybersecurity controls for SMBs, NIST 800-171 and NIST CSF in the US, NIS Directive in EU, among others, but also automatically and continuously tests compliance with these standards to identify and rectify any security gaps.
This rapid, efficient approach enables full compliance within 2 weeks, a significant improvement from the traditional 3-month period.
When panning over the cybersecurity landscape, you can’t ignore how many companies have recently been acquired and taken private.
For example, KnowBe4, a quasi-competitor of CyberCatch (TSXV:CYBE), was bought by Vista Equity Partners for $4.6 billion.8
Other multi-billion-dollar acquisitions include SailPoint Technologies Holdings Inc. being acquired by Thoma Bravo LP for $6.9 billion,9 Mandiant Inc. by Alphabet for $5.4 billion,10 and the $1.2 billion acquisition of Absolute Software.11
However, when compared to other companies like KnowBe4, Accenture, and Check Point Software, CyberCatch’s unique value proposition becomes clearer.
Despite a modest market cap of $15M and a share price of $0.27 (as of July 12, 2023), CyberCatch is strongly positioned to carve out a significant niche in the cybersecurity market and play a crucial role in protecting SMBs from devastating cyberattacks. Its emphasis on affordability, speed, and efficiency could indeed make it a truly intriguing game-changer in cybersecurity.
CyberCatch (TSXV:CYBE) remains a unique, patented AI-enabled continuous cybersecurity compliance and risk mitigation solution. There are actually no direct competitors currently, as its main competitors are the more traditional, expensive consulting companies.
In the digital age, data breaches are becoming more frequent and increasingly devastating, especially for SMBs12—and CyberCatch (TSXV:CYBE) is built to appeal to a wide range of this class of enterprises.
Alarming statistics for 2023 reveal that SMBs are often the prime target for hackers, and the impact can be crippling with the average data breach costing C$5.4 million.13
It’s no wonder a staggering 60% of small companies are forced to shut their doors within six months of being hacked.14
In the US, there are approximately 32.5 million SMBs, making up an overwhelming 99.9% of businesses. These businesses face significant hurdles with cybersecurity due to the prohibitive costs of hiring consultants.
CyberCatch is the solution for SMBs to not get destroyed by online criminals. It’s an all-in-one affordable, fast, and efficient platform that simply doesn’t have a direct competitor on the market today.
Yet, as seen below, CyberCatch Holdings Inc. (TSXV:CYBE) is being significantly undervalued by the market, compared to its cyber security peer group.
Press Releases
- CyberCatch And Proficio Announce Strategic Partnership That Provides Unique Combined AI-Enabled Continuous Cybersecurity Compliance And Managed Detection And Response (MDR) Solution Globally
- CyberCatch Publishes Educational Podcast Revealing In 20 Minutes How To Detect And Respond To An Incident In Order To Prevent A Cyberattack From Being Successful
- CyberCatch Is Pleased To Announce Mushkegowuk Development Corporation In Canada As A New Customer And Partner, Illustrates The Value And Opportunity For Its AI-Enabled Solution For Critical Segments
- CyberCatch CEO Sai Huda’s Keynote And Workshop At Canada’s Largest Small Business Conference On Cyber Risk And AI Was Key Highlight And Well Received By Attendees
- CyberCatch CEO Sai Huda To Keynote At Canada’s Largest Small Business Conference
AI- Cyber Solution Focused on Delivering Compliance in Just Two Weeks
CyberCatch Holdings Inc. (TSXV:CYBE) brings a new perspective to cybersecurity with its patented AI-enabled platform. It’s an all-in-one solution that’s fast and efficient, delivering full compliance and risk mitigation in as little as two weeks—compared to the industry standard of three months.
This is a significant shift in the speed at which businesses can secure their digital assets and operations.
CyberCatch’s (TSXV:CYBE) platform includes multiple unique and interconnected components:
- CyberBenchmark is an automated cybersecurity assessment solution. It offers scoring and benchmarking, allowing businesses to understand their current security status compared to industry standards.
- CyberVirtualCISO provides expert guidance from seasoned cybersecurity professionals, offering invaluable advice and insights.
- CyberThreatTV is an online training solution that keeps teams informed about the latest cyber threats and how to handle them.
- CyberCheck247 and CyberXRay work together to automate internal and external testing of security controls and practices, while CyberPhisher tests phishing susceptibility.
- The platform also calculates a Cyber Hygiene Score and a Cyber Breach Score, patented measures of a business’s cyber risk, akin to a credit score but for cybersecurity.
Imagine a platform that’s as simple as it is robust, sniffing out non-compliance and gaps in cybersecurity controls, swiftly helping plug them in, and relentlessly testing their strength. That’s CyberCatch (TSXV:CYBE) for you, helping businesses spot and seal security leaks before they become a cybercriminal’s playground.
What makes CyberCatch stand out from the crowd? It’s their unwavering dedication to continuous compliance and cybersecurity. Endorsed by the Digital Governance Council and backed by the Ministry of ISED in Canada, CyberCatch offers a trusted solution at a wallet-friendly annual SaaS fee.
But that’s not all. CyberCatch (TSXV:CYBE) is in tune with the regulatory landscape. Its founder and CEO, Sai Huda, didn’t just read the rulebook – he helped write it, co-authoring the CAN/CIOSC 104 standard in Canada. In the US, the platform paves the way for compliance with NIST 800-171 and CSF standards, soon to be a must-have for critical sectors like cities, municipalities, and education.
And for businesses on the hunt for cyber insurance, CyberCatch (TSXV:CYBE) is a godsend. With insurance carriers often giving SMBs the cold shoulder due to inadequate cybersecurity controls, CyberCatch lights the way to meeting those demands and securing coverage.
Growing Sales Pipeline and Notable Roster of Clients and Channel Partners
Even though CyberCatch Holdings Inc. (TSXV:CYBE) is a young company, it has already made waves in the cybersecurity industry. Since coming out of stealth-mode, it has begun to build a rich roster of clients and partners in many crucial areas, such as defense, manufacturing, education, and small to medium-sized businesses (SMBs).
This has led to a sales pipeline exceeding $10 million, and they are expecting sales of at least $12 million in the coming year. Now, that’s impressive!
A vital part of CyberCatch’s (TSXV:CYBE) success is its partnerships with respected organizations. These include the Digital Governance Council, which used to be called the CIO Strategy Council and is responsible for publishing Canada’s national cybersecurity standard.
But wait, there’s more! They’ve also teamed up with the Canadian SME Magazine, which is the leading magazine for small and medium enterprises in Canada with a readership of 30,000, and Soter Technologies, a safety solutions provider for 1,500 schools.
Other partnerships include Arizona’s leading small business association ASBA, Ontario’s leading general contractors association OGCA, Lanetco, a Managed IT Services Provider for SMBs, and Ridge Canada, a premier cyber insurance provider in Canada. These partnerships show that CyberCatch is joining hands with the best in the business to bring its cybersecurity solution to the world.
CyberCatch Holdings Inc. (TSXV:CYBE) is also proud of its diverse customer base, which includes organizations of all shapes and sizes in North America.
Its clients range from Ventus, Source Nutraceutical, Northern College, Canadore College, North Forge, and Intrinsik to the City of San Diego, Pacific Science and Engineering, Venatore, Sweetwater Union High School District, and Core Survival. These customers demonstrate CyberCatch’s broad appeal and effectiveness in multiple sectors.
These initial sets of diverse customers in the target market segments were directly originated by CyberCatch (TSXV:CYBE) and have validated its “product-market” fit. Now with sales and marketing distribution partners such as Soter, Lanetco, Canadian SME Magazine and several other large partners soon to be announced, CyberCatch is positioned to scale and grow sales and revenues in the next 12 months and beyond.
Frequently brought in as a keynote speaker at several industry conferences, globally recognized cybersecurity expert and CEO Sai Huda also delivered a keynote speech at Canada’s Largest Small Business Conference, The Small Business Expo 2023, hosted by Canadian SME Magazine, with the theme “Leveraging Technology for SMB Growth.” He also authored the best-selling book, Next Level Cybersecurity.
CyberCatch (TSXV:CYBE) is actively planning for an impressive future, with developments like AI features, international sales partnerships, and major client success stories on the horizon. Their success is already evident with its strong sales pipeline and expanding client and partner base.
Given CyberCatch’s (TSXV:CYBE) future-focused vision and dedication to innovation, this success seems to be just the start of a prosperous journey.
Tight Share Structure and Leadership with Skin in the Game
The share structure of CyberCatch Holdings Inc. (TSXV:CYBE) is simple and clear-cut. But one key point to highlight is that the company’s leadership owns 30% of the company’s shares.
This is significant as it means the leaders have a personal financial stake in the company. CyberCatch Holdings Inc. (TSXV:CYBE) is not just working for a paycheck – its team members are part owners of the company.
This “skin in the game” often aligns the interests of the leadership with those of the shareholders. They want the company to do well because it means their shares will be worth more.
In essence, the structure of CyberCatch’s (TSXV:CYBE) shares demonstrates a firm commitment by its leadership to its future success, with built-in incentives for growth and a solid foundation of working capital to support its ambitions.
Management Team Filled with Experienced Security Titans
CyberCatch Holdings Inc.’s (TSXV:CYBE) leadership team offers deep technical expertise and a proven track record of wealth creation. The CYBE team includes:
RECAP: 7 Reasons
to Seriously Consider CyberCatch Holdings Inc. (TSXV:CYBE) Today!
1
Proven Management Team: Leadership with a successful track record, having previously built a $100M+ revenue business, acquired by FIS
2
Unique, Patented Technology: CyberCatch‘s (TSXV:CYBE) all-in-one, patented cybersecurity solution provides comprehensive protection, focusing on the root cause of cyber attacks: security holes from non-compliance.
3
AI-Enabled SaaS Solution: CyberCatch‘s (TSXV:CYBE) AI-driven platform delivers compliance in just 2 weeks or less, significantly faster than the standard 3 months or more, offering rapid protection for businesses.
4
Strong Financial Projections: With an impressive sales pipeline worth over $10M and projected sales of at least $12M in the next 12 months, CyberCatch (TSXV:CYBE) shows a promising financial trajectory.
5
Backed by Respected Industry Leaders: With Tom Ridge, the first Secretary of the US Department of Homeland Security, and Sai Huda, an industry leader in cybersecurity, backing the company, it has industry-leading expertise and credibility.
6
Upcoming Catalysts: The numerous exciting announcements in the pipeline including new AI-enabled features, large sales distributor partnerships, customer wins, and more provide potential for significant growth and interest.
7
Focused on Vulnerable as well as Large Market Segments: CyberCatch‘s (TSXV:CYBE) focus on serving large, critical, and vulnerable sectors such as Defense, Manufacturing, K-12, and SMBs, represents an immense market opportunity.
Are you ready to seize the moment? Remember, in the world of cybersecurity, knowledge is your superpower. Stay tuned to this riveting saga of growth and potential that’s unfolding in the cybersecurity landscape.
Dive into the digital universe of CyberCatch Holdings Inc. (TSXV:CYBE) today. Check out their latest news updates and grab your personal copy of their Investor Presentation by subscribing below. Stay in sync with the thrilling journey of this dynamic company as it blazes a trail in redefining cybersecurity.