- The
last decade has seen growing concern regarding cyberattacks against major
companies, national interests and the financial community
- Cyberfort
Software aims to use its development of AI content filtering and other
software protection tools to face the increasingly hazardous online crime
arena
- The
company recently acquired tech developer Vivio in order to widen its reach
and is using technology to better protect multiplatform users
Consumer efforts to protect themselves from cybercrime often
come down to the familiar requirement of establishing secure passwords and
changing them with regularity, accompanied by software designed to ferret out
potential cyberattacks. Nevertheless, from individual home computers to large
corporate networks, modern tech users continue to fall prey to malicious data
miners, which has, in turn, increased demand for more advanced products offered
by cybersecurity companies such as Cyberfort Software, Inc. (OTC: CYBF).
When retail giant Target Corp. reported the exposure of 41
million customers’ financial data in 2013, it established a new level of
corporate concern – and liability – for technological processes (http://ibn.fm/EkGEC). When the
United States’ 2016 elections were roiled by reports that foreign agents had
used social media savvy to influence voter outcomes, tech companies came under
pressure to sustain national security within the confines of their
operations (http://ibn.fm/o8PsH).
The U.S., of course, isn’t the only country facing these
issues. On November 6, Pakistan’s Federal Investigation Agency reported that
“Almost all [of the country’s] banks’ data has been breached [and] most of the
banks have been affected” by a cyberattack (http://ibn.fm/SKZc6). The news that hackers had “stolen
large amounts of money from people’s accounts” led numerous banks to suspend
pending international debit and credit card transactions and temporarily rely
on biometric verification for local debit card ATM use while bank executives
met to review procedures (http://ibn.fm/P4R6c).
Cyberfort Software’s mission is to adapt AI content
filtering practices and software protection tools to the threat that hackers
pose, strengthening the online security of companies and other users through
multi-platform content filtering and ad blocking technology. The company
specializes in acquiring and creating technology that provides cyber security,
protects users’ privacy and blocks advertisements.
CYBF’s recent acquisition of content filter developer Vivio
furthered its aim to be responsive to Apple and Android platform users alike
through its directive to deal with the increasing number of cyber threats on
mobile, personal and business computing devices.
“Since our inception, CYBF and its management have been
committed to developing and bringing technologically advanced cyber security
software and products into the marketplace,” company CEO Daniel Cattlin stated
in a recent news release (http://ibn.fm/Stb5m).
“After intensely researching several companies and products in our same or
similar space, we have narrowed our search and have begun due diligence on
candidates that we believe have the best potential to expand CYBF’s
technological capabilities and increase our future suite of new products that
complement our own software. We will begin negotiations with these target
companies and hope to finalize an acquisition soon.”
For more information, visit the company’s website at www.CyberfortSoftware.com
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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