Top Managed Cybersecurity and Compliance
Provider Expands Capabilities with Leading Endpoint Protection and
Response Technology
SCOTTSDALE, Ariz., July 19,
2023 /PRNewswire/ -- CISO Global, Inc. (NASDAQ:
CISO), an industry leader as a managed cybersecurity and compliance
provider announced that it has acquired SB Cyber Technologies, LLC,
a cybersecurity company that specializes in identifying, enhancing
and applying emerging government and military grade capabilities to
critical commercial technical security challenges.
Under the terms of the agreement, SC Cyber has become a wholly
owned subsidiary of CISO Global.
Based in Chesapeake, Va. and
founded by former members of the U.S. intelligence and special
operations communities, SB Cyber developed CHECKLIGHT®, a powerful
and proactive Endpoint Detection and Response (EDR) technology that
detects potential threats to endpoints, such as laptops and
desktops, on a continuous basis. Speaking to the tool's efficacy,
SB Cyber Technologies CEO Rob
Hegedus commented, "With over 3 million hours of operational
run time since inception, CHECKLIGHT has zero instances of
sophisticated malware getting through undetected. Six months into a
pilot program for one of the largest self-insured organizations in
the United States, it has
decreased cyber breach losses to zero at a cost that provides
immediate economic ROI."
"SB Cyber enables us to accelerate our strategy to bring
additional talent and a powerful leading-edge technology to our
customers at a time when cyber threats are increasingly becoming
more prevalent and harder to circumvent," said David Jemmett, CEO and founder of CISO Global.
"CHECKLIGHT® expands our proprietary capabilities and value
proposition to the market, allowing us to deliver the full spectrum
of services required today to be truly cyber resilient."
CHECKLIGHT® uses the same cybersecurity software engine used by
several federal agencies; it identifies unauthorized processes
associated with fraudulent phishing attacks, hacking, imposter
scams, malware, ransomware and viruses.
CEO of SB Technologies, Rob
Hegedus, said of the acquisition, "We created CHECKLIGHT®
four years ago to combine the best in cybersecurity technology and
insurance expertise to protect the most vulnerable members of our
economic ecosystem. After an extremely successful initial
deployment to our clientele, we continue to collect historical data
that unequivocally shows a dramatic decrease not only in data
breaches but also subsequent insurance losses. Now it's time to
expand this capability to a larger audience. We are excited to join
the CISO Global family and bring the unique power of
CHECKLIGHT® and its warranty to a worldwide client base."
SB Technologies will continue to be based in Virginia. The intellectual property of
CHECKLIGHT® will be added to the growing portfolio of next
generation solutions whose IP is held in CISO Global's subsidiary,
vCISO, LLC.
Since the company's inception in 2019, CISO Global has acquired
16 companies to expand its geographic footprint, broaden its
solutions portfolio, and build its talent base to deliver fully
managed end-to-end cybersecurity and compliance services to
enterprises in the U.S. and Latin
America. The acquisition of SB Cyber Technologies marks its
seventeenth acquisition.
About CISO Global
CISO Global, Inc/(Nasdaq: CISO) is a leader in delivering
managed security and compliance services to enterprise and
government clients, bringing together expert practitioners and
thought leaders, proprietary innovations, and tailored solutions
that drive cyber resilience. With a presence throughout the U.S.
and Latin America, the
Scottsdale, Arizona based company
spans geographies, specialties, industries, regulatory frameworks,
and focus areas. CISO Global experts include auditors, risk and
compliance specialists, certified forensics experts, ethical
hackers, security engineers, and around-the-clock security
analysts. For more information about the company, visit us on
LinkedIn, Twitter or at www.ciso.inc.
Safe Harbor Statement
This news release contains certain statements that may be deemed
to be forward-looking statements under federal securities laws, and
we intend that such forward-looking statements be subject to the
safe-harbor created thereby. Such forward-looking statements
include, among others, our expectation that the CEO of SB
Cyber Technologies will continue to manage the company's team of
professionals and will work closely with its leadership; our belief
that SB Cyber Technologies expands our technology stack expansion
strategy and adds to our SOC/managed detection and response
services; our belief that cybersecurity requires both human and
technological capabilities to properly address the security demands
of businesses and organizations; our belief that SB Cyber
Technologies is an excellent cultural fit with the CISO Global
family of companies; our belief that we will lead the future
revolution of new security services; the belief that SB Cyber
Technologies joining the CISO Global family of companies will
result in the ability to deliver a more trusted security
experience; and our belief that creating a strong parent brand in
the marketplace is essential while ensuring the new identity
matches the global enterprise the company is actively becoming.
These statements are often, but not always, made through the use of
words or phrases such as "believes," "expects," "anticipates,"
"intends," "estimates," "predict," "plan," "project," "continuing,"
"ongoing," "potential," "opportunity," "will," "may," "look
forward," "intend," "guidance," "future" or similar words or
phrases. These statements reflect our current views, expectations,
and beliefs concerning future events and are subject to substantial
risks, uncertainties, and other factors that could cause actual
results to differ materially from those reflected by such
forward-looking statements. Such factors include, among others,
risks related to our ability to raise capital; our ability to
increase revenue and cash flow and become profitable; our ability
to recruit and retain key talent; our ability to identify and
consummate acquisitions; our ability to acquire, attract, and
retain clients; and other risks detailed from time to time in the
reports filed with the Securities and Exchange Commission,
including the Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 and the Quarterly
Report on Form 10-Q for the quarter ended March 31, 2023. You should not place undue
reliance on any forward-looking statements, which speak only as of
the date they are made. Except as required by law, we assume no
obligation and do not intend to update any forward-looking
statements, whether as a result of new information, future
developments, or otherwise.
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SOURCE CISO Global