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New York, Feb.28, 2019, Globe Newswire: The trend is evident that consumers are adopting new devices that utilize the Internet of Things (IoT). Technology is now a critical part of our lives and as these intelligent gadgets, widgets, monitors and meters multiply, so too will the threats to their security and our privacy. Cyberfort Software (OTC: CYBF) offers the tools to combat malware and other cyber threats, especially one’s mobile device, but (IoT) is creating a demand for more than just cellphones, tablets and laptops. Beyond these mobile devices, there has been an explosion of gadgets such as wearable devices like smart watches, Amazon Echo Dot with Alexa, or Google’s Home are a few additional tech products that need the same solutions as a mobile phone. These devices are meant to connect to the sensors in your home and surroundings so that users can control their environment.
The Consumer Electronics Show (CES) this year was a testament to this burgeoning business. All these IoT devices need to be secured. Interestingly enough, the primary takeaway from the Electronics Show was that consumers expect the manufacturers to seamlessly solve these problems, shifting responsibility back to the manufacturers that have been glacial to respond and therein ultimately lies the opportunity for CYBF.
Tale of Two Markets
When it comes to cybersecurity, many folks think of firewalls, virus scanners, and malware blockers as the major markets segments. While they are large segments of the network and internet security market, they have been commoditized. Everyone needs a firewall, this is not where the money is being made. The real money is in the commercial sector. Cyberfort is staying ahead of the curve getting into the security app business for mobile and IoT devices. The internet has gone mobile-first. If you have any doubts about that statement, get this: globally, 57 percent of all internet access takes place from mobile devices, according to data from Stat Counter. In India, the figure goes up to an eye-opening 78 percent, further solidifying the evolving demand for mobile cybersecurity. This usage is consuming a tremendous amount of bandwidth and a good chunk of it is wasted on unblocked ads.
While IoT is a market ripe and ready for solutions, CYBF is also focused on the browser security market by rebranding its own Vivio App, a pioneering ad-blocking app for iPhone, iPad, and Mac. The App already has an extensive user base of 10,000 for its iOS 10 consumer version. Vivio makes web browsing better, faster and more satisfying by blocking ads and tracking software and by content filtering. It also saves data traffic by up to 38 percent, reduces load by 58 percent and enables 30 percent faster browsing, all of which helps save battery life.
Just Content App is yet another mobile app Cyberfort is pursuing to acquire and add to its security software portfolio. This app aims to deliver robust solutions across multi-platforms to fortify online security of both individuals and businesses. Just Content is an efficacious and multi-functional ad blocking app currently available on iTunes (https://itunes.apple.com/app/id1031003372). The app utilizes proprietary “Home Safe Filter” and “Business Filter” products to help safeguard families and businesses from unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet.
The company recently announced in a shareholder release, that it will update the software for seamless integration with the new iOS 12 and OS X Mojave, improving on existing ad blocking software for mobile and desktop security and expanding on existing efficiencies to provide a smooth experience and ease of use for new and experienced users.
CYBF also indicated its desire to uplist onto the prestigious OTCQB trading market. This is a giant step towards gaining credibility in order to compete with other well-known cyber security industry leaders. CYBF is currently fulfilling OTC Markets’ uplisting requirements and has completed the annual verification and management certification process, as well as a full audit of all financial records for the prior two years of operations.
“Trading on the OTCQB will be another important milestone for CYBF and a key step in expanding our financial communication program. Uplisting from the Pink Sheets will help us provide greater transparency to existing and prospective shareholders while growing our exposure to a broader investing audience,” stated CYBF CEO Daniel Cattlin.
According to the Market Insights Report–Global Security Market, the cyber security industry is expected to reach a whopping $325 billion by 2025. Cyberfort Software is strategically positioning themselves to become an industry leader within this booming market sector.