Integrated Cyber (IC pre-IPO CSE) will soon bring a unique, new, public cyber name to investors through the CSE. IC brings a wealth of experience and a unique approach to controlling cybercrime. The Company is a leading cybersecurity company that protects businesses from online threats. With its team of expert professionals and cutting-edge technology, we provide comprehensive and integrated solutions to safeguard your digital assets.
(Current intel is that IC will launch on the CSE in two weeks. No exact date as yet.)
The goal is simple. Execution is not. Integrated’s approach is based on its premise that companies/governments spend 80% on hardware systems etc., and 20% on employee training.
88% of attacks find their roots in employee actions and behavior.
IC believes the path to success is precisely the reverse of the traditional deployment of capital.
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.
The increasing number of cyber-attacks with the emergence of e-commerce platforms, deployment of cloud solutions, and proliferation of smart devices are some factors driving the market’s growth. Cyber threats are anticipated to evolve with the increase in the usage of devices with intelligent and IoT technologies. As such, organizations are expected to adopt and deploy advanced cyber security solutions to detect, mitigate, and minimize the risk of cyber-attacks, thereby driving market growth. (Grandview Research)
Bet the Public—and Industry and Government –Have No Idea How Invasive and Insidious Cyber Crime.
And it will only get worse. Worse than we ever thought.
Read the list below and reread the economic growth stats above particularly 20 percent-plus CAGR for the cyber security sector. When did you last see that annual growth number in an industry? What it does evidence is that the risk to just about anyone or corporation or government had better get with the program before it gets hacked. (See how I did that?)
- 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.
- Around 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.
FYI: ‘Phishing’ is a technique for attempting to acquire personal, corporate, or global governments’ sensitive data, such as bank account numbers, through a fraudulent solicitation in email or on a website, in which the perpetrator masquerades as a legitimate business or reputable person.
As mentioned before, the problem is relatively easy to understand. The mitigation or elimination of that problem takes state of the art understanding of threats, technology and training to stay several moves ahead of the attackers. In a 2022 IBM study, the average data breach cost to the corporate victim was USD 4.35 million. That number was beaten by ransomware attacks at an average of USD 4.54 million. Average.
With over 100 years of relevant and collective experience, IC leadership brings impressive provenance to the Company. CEO Alan Guibord was also a professional race car driver. Alan R. Guibord has more than 35 years of global IT and management experience and is one of the co-founders of Integrated Cyber. The rest of the team is equally impressive.
Here’s what some big cyber broadsheets and consultants say about attacks.
Forbes: “The emerging digital ecosystem is treacherous. In our current digital environment, every company is a reachable target, and every company, large or small, has operations, brand, reputation, and revenue pipelines potentially at risk from a breach. International Data Corporation (IDC) says AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027
Deloitte; During the past 12 months, 34.5% of polled executives report that cyber adversaries targeted their organizations’ accounting and financial data. Within that group, 22% experienced at least one such cyber event, and 12.5% experienced more than one. And nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead. And yet just 20.3% of those polled say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity.”
Peers to IC in Canada include Plurilok (PLUR), CyberCatch (CYBE) and Nubeva Tech (NBVA). There are several on the NASDAQ as the home of tech.
The key to IC is its management, proprietary technology and its approach of progressive training to mitigate employees being involved in an attack or getting ‘phished’ or ‘vished’. Vishing 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.
Cyber Security needs to have a place in portfolios. After all, it’s all about growth, and cyber-crime is virtually guaranteed to grow. To combat it, a quality junior stock such as Integrated Cyber makes a great proxy for the mitigation and hopefully eventual elimination this insidious, expensive and economically damaging scourge.
Stay tuned for Integrated Cyber’s debut in a couple of weeks on the CSE.