• SideChannel is on a mission to make cybersecurity simple and accessible for mid-market and emerging companies, a market that is currently underserved
• The company matches client organizations with virtual Chief Information Security Officers (“vCISOs”) who help them with developing and managing the implementation of an information security program
• SideChannel’s efforts come amid rising cases of cyberattacks, driven by an increase in attack surfaces and agility of attackers, who now work in organized groups, according to CEO Brian Haugli
• Recently, for example, Gateway Casinos & Entertainment Limited Closed 14 properties in Ontario following a cyberattack

Cyberattacks are growing each year as hackers and ransomware gangs become more agile, and the attack surfaces increase. In 2022, for example, global attacks grew 38% compared to 2021 numbers (https://ibn.fm/26Jmm). Worse still, the global cost of cybercrime is expected to rise to $8 trillion in 2023, up from $3 trillion in 2015 and $6 trillion in 2021, according to a 2022 report (https://ibn.fm/YQ4YS). This cost accounts for damage and destruction of data, lost productivity, theft of intellectual property and financial data, post-attack disruption to the normal course of business, reputational harm, forensic investigation, and restoration and deletion of affected systems.

With a recent cyberattack on its computing infrastructure having forced Gateway Casinos & Entertainment Limited (“Gateway”) to close 14 properties across Ontario for close to a week (https://ibn.fm/2Np93), the cost implications are clear for all to see. One of the largest and most…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to SDCH are available in the company’s newsroom at https://ibn.fm/SDCH

About TechMediaWire

TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.

To receive SMS text alerts from TechMediaWire, text “TECH” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://TechMediaWire.com/disclaimer

TechMediaWire (TMW)
Los Angeles, CA
www.TechMediaWire.com
212.418.1217 Office
Editor@TechMediaWire.com

TechMediaWire is part of IBN.