Sunday, June 16, 2024

Integrated Cyber : a Unique, new Public Cyber name to the CSE

Date:

Integrated Cyber  (IC pre-IPO CSE) will soon bring a unique, new public cyber name to the CSE. While the field is somewhat crowded, Integrated brings a wealth of experience and a unique approach to controlling cyber-crime. The Company is a leading cybersecurity company dedicated to protecting your business from online threats. With a team of expert professionals and cutting-edge technology, IC provides comprehensive and integrated solutions to safeguard your digital assets. 

(Current intel is that IC will launch on the CSE in about two weeks. No exact date as yet.) Here are the deets for the IPO Offering

INTEGRATED CYBER SOLUTIONS INC. 

Public Offering of IPO Units 

$0.25 per IPO Unit 

Minimum Offering: $1,250,000 or 5,000,000 IPO Units 

Maximum Offering: $1,600,000 or 6,400,000 IPO Units

Why Investors Should Care.

The global cyber security market was valued at USD 202.72 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) north of 20% from 2023 to 2030.

HUMANS ARE STILL THE WEAKEST LINK

 Whether by accident or intent, many employees are often the root cause of successful cyberattacks. Executives polled in the Accenture 2018 State of Cyber Resilience survey identified the accidental publication of confidential information by employees and insider attacks as having the most significant impact, second only to hacker attacks in successfully breaching their organizations. (Accenture) The full report is here.

CI recognized this fact and built the company to deal with the myriad aspects of data theft and compromise.  

  • Nearly 1 billion emails are exposed yearly, affecting 1 in 5 internet users.
  • Data breaches cost businesses an average of $4.35 million in 2022.
  • Around 236.1 million ransomware attacks occurred globally in the first half of 2022.
  • 1 in 2 American internet users had their accounts breached in 2021.
  • Approximately 1 in 10 US organizations have no insurance against cyber-attacks.
  • 53.35 million US citizens were affected by cybercrime in the first half of 2022.
  • In 2020, malware attacks increased by 358% compared to 2019.
  • The most common cyber threat facing businesses and individuals is phishing.

Most reported types of cybercrime worldwide in 2022, by number of individuals affected. In 2022, the most common type of cybercrime reported to the United States Internet Crime Complaint Center was phishing, affecting approximately 300 thousand individuals. Another version is being ‘vished,’ which is the fraudulent practice of making phone calls or leaving voice messages purporting to be from reputable companies to induce individuals to reveal personal information, such as bank details and credit card numbers.

Most reported types of cybercrime worldwide in 2022, by number of individuals affected. In 2022, the most common type of cybercrime reported to the United States Internet Crime Complaint Center was phishing, affecting approximately 300 thousand individuals. Few organizations have recognized organized cybercriminal networks, rather than hackers, as their greatest potential cyber security threat; even fewer are prepared to address this threat. Just 20.3% of those polled say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity. (Deloitte).

As well as having great technology, IC is mindful of costs as are faced with situations for which they likely had not fully budgeted. 

The Company’s IC360 product is a case in point.

IC360’s unique Integration and Automation layers provide unmatched protection against cyber attacks. With IC360, you can secure your entire technology stack without breaking the bank.

First, we apply a set of rules created for specific client circumstances.

Second, we use Machine Reasoning via a software system that generates conclusions from available knowledge using logical techniques such as deduction and induction (sometimes called fuzzy logic).

Third, we use additional Machine Learning to improve reasoning based on understanding the outcome.

Finally, we use Narrow Artificial Intelligence for learning and understanding performance based on trends over hours and days rather than seconds & minutes.

I could annoy you with more techno blather, but suffice it to say, through employee and operator education, be it a corporation, school or small tech enterprise, CI provides a unique and very robust solution, structured to be highly effective both in efficacy and cost.

And with the upcoming IPO, IC is a way to get exposure to the sector from the get-go.

Bob Beaty
+ posts

For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s Thestreet.com, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.

Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)

Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;

‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.

Let’s go.

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