Data Breaches on Massive Annual Scale Underscore Importance of Cybersecurity Service SideChannel Inc. (SDCH) Delivers to SMBs

  • An estimated 30,000 website data breaches occur each day on average
  • Hacker targets include everyone online, ranging from small businesses to large and complex government agencies
  • Massachusetts-based SideChannel Inc. delivers the services of chief information security officers (“CISOs”) on a contract basis to companies that don’t have budget capacity to maintain CISOs on staff full-time but desire protection against cyber threats
  • SideChannel’s virtual CISOs work alongside company board officers to assess and strategically target operational risks
  • SideChannel announced a strategic partnership last month with automated supply chain risk management platform developer Darkbeam that will strengthen SideChannel’s service offering

Cyber threats have become a standard concern for businesses working to maintain their operational integrity, with hackers accounting for an estimated 30,000 websites that are compromised on average each day. Techjury reported that the entire cost of cyberattacks in 2022 was $6 trillion and that the figure is expected to rise to $10.5 trillion by 2025 (https://ibn.fm/TjyS7).

The recent leak of timely international intelligence-related documents classified as not available for public review by the U.S. government’s information-gathering agencies has demonstrated that even government experts in the field are vulnerable to the possibility of data breaches and costly consequences resulting…

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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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