Cybercatch Launches Unique Solution For Compliance With New CMMC Regulation For The 337,968 Defense Sector Suppliers In U.S.
According to the CMMC regulation and U.S. Department of Defense (DoD) statistics, out of the 337,968 entities, 209,540 (62%) must implement 15 cybersecurity controls under CMMC Level 1 and certify compliance, with non-compliance money penalties and debarment risk under the False Claims Act. 125,048 entities (37%) must implement 110 controls under CMMC Level 2, while 3,380 entities (1%) must implement 134 controls under CMMC Level 3.
"While large defense sector companies will have the staff and resources to comply, such as those in CMMC Level 3, small to medium sized companies will be challenged to comply with CMMC Level 1 and 2 cost effectively, especially the smaller companies who will struggle with CMMC Level 1 alone," said Sai Huda, CEO, CyberCatch.
"This is why CyberCatch is providing a free Guide To Avoiding 5 Key Pitfalls and a cost-effective compliance solution for CMMC Level 1 and 2," continued Mr. Huda.
For example, the innovative CyberCatch solution for the 209,540 entities for CMMC Level 1 compliance provides:
- Automated tool with AI Advisor feature, Tips, Policy and Procedure Templates, to enable fast and effective compliance with all of the required 15 controls Automated generation of System Security Plan (SSP) Secure repository for all required evidence to support compliance Easy update of controls and SSP when significant changes occur Free Cybersecurity Awareness Training for all employees No-application cyber insurance policy at a discount via a top insurance brokerage and an A XV rated cyber insurer
"CMR is excited to partner with CyberCatch to provide cyber insurance as part of an innovative and effective cyber risk mitigation solution like no other. Everyone wins. With CyberCatch's solution, both the business and the insurer is risk-mitigated," said Travis Pearson, CEO, CMR Risk & Insurance Services.
To learn more, download the Guide and watch demo, visit: .
About CyberCatch
CyberCatch Holdings, Inc. (TSXV: CYBE) provides a proprietary, AI-enabled Software-as-a-Service (SaaS) solution that provides continuous compliance and cyber risk mitigation to organizations in critical segments, so they can be safe from cyber threats. The CyberCatch platform focuses on solving the root cause of why cyberattacks are successful: security holes from control deficiencies. It first helps implement all mandated and necessary controls, then the platform automatically and continuously tests the controls from three dimensions (outside-in, inside-out and social engineering) to find control failures so one can fix them promptly to stay compliant and safe from attackers. Learn more at: .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.
For further information, please contact:
Mr. Sai Huda, CEO, CyberCatch or Investor Relations
Phone: 1-866-756-2923
Email: ...
SOURCE CyberCatch
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SOURCE: CyberCatch Holdings, Inc.
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