- Recently discovered cybercriminal activity included breaches at companies that provide third-party data services to corporate giants including Amazon, Apple, Microsoft and Walmart
- The breaches are feared to have exposed logins and passwords that could allow someone to masquerade as an employee and implant malware
- Cybersecurity services and technology provider SideChannel helps companies prevent or mitigate damage from such cyber attacks through the use of virtual chief information security officers (“vCISOs”)
- The vCISO service provides tiers of contract assistance to startups and mid-level companies unable to devote the budget and time to employing an in-house cybersecurity expert
A Bloomberg News report detailing a cyber hacking incident that exposed world-leading companies such as Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Microsoft Corp., and Walmart Inc., to potential malware and operational disruptions pulsed across computer and financial media outlets recently, providing a warning about the vulnerability of companies as they use third parties to house data and IT equipment and to reach global markets (https://ibn.fm/gXScO). If even major corporations are sometimes still vulnerable to such attacks, how are smaller companies, with modest budgets, able to protect themselves.
Cybersecurity services and technology provider SideChannel (OTCQB: SDCH) has worked with clients both large and small since 2018 to help them protect their network infrastructure, primarily through the efficient use of highly experienced cyber experts — virtual chief information security officers (“vCISOs”) who help startup and mid-market companies that need the very best expertise, but can’t afford the time and money necessary to employ their own permanent CISOs.
The Bloomberg report highlights the continually present and growing need for such companies to employ cybersecurity protocols that are actively maintained, something SideChannel CEO Brian Haugli mentioned in a recent episode of his periodic CISOlife podcast.
“Why are you building a cybersecurity program?” Haugli asked viewers rhetorically (https://ibn.fm/Imqo8).
Among the reasons companies usually cite for building a program are demands by company leadership or the investors to address potential network breach risks, and also avoiding having to put the company through costly cyber attack cleanups once the company has been burned.
“Those programs that are really effective are ones that are continuously managed and led by experienced professionals,” Haugli said, citing SideChannel’s vCISO capacity to deliver an experienced team that will provide turnkey services in the arena of corporate cybersecurity — tailored to the client’s particular needs.
“We really have three options for you to consider. If you’re just looking for an advisory, we can bring in our vCISO and our governance platform,” Haugli said. “If you start really looking at building out your organization’s security program, you need to start with the base. We can offer this package knowing that this is what goes into a good security program to begin and start building on. And then as you look across your 18-24-36-month road map for building out and expanding your organization and you’re still not ready to bring all of that in-house, we can offer a select set of options to be able to deliver for you, on your behalf, into your organization, and then to be able to shepherd that entire narrative to anybody who asks.”
The need for ongoing support is especially pertinent when considering the fact that a breach may not even be recognized, putting a company at risk for long periods of time. In the case described in the Bloomberg report, the initial cyber attacks occurred more than a year before they were discovered, and only then when security specialists conducting an unrelated undercover operation stumbled across the trail of breach activity. That activity culminated when the stolen login credentials and other data were put up for sale on the dark web, albeit not until after the companies had been warned and began changing necessary passwords (https://ibn.fm/JzmEj).
For more information, visit the company’s website at www.SideChannel.com.
NOTE TO INVESTORS: The latest news and updates relating to SDCH are available in the company’s newsroom at https://ibn.fm/SDCH
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