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CISO Global Doubles 2025 anticipated Software Bookings to $10 Million with Nationwide Launch
Globenewswire· 2025-07-16 12:30
Core Insights - CISO Global anticipates software-related bookings to reach $10 million in 2025, doubling previous estimates, following a nationwide rollout of its CHECKLIGHT software under the CyberSimple brand through a partnership with Financial Independence Group (FIG) [1][8] - The partnership with FIG allows CHECKLIGHT to tap into a $2 billion addressable market for warranty-backed cybersecurity, leveraging FIG's network of 10,000 financial advisors and a client base of approximately 1.5 million individuals [2][8] - CISO Global has successfully transitioned to a high-margin SaaS cybersecurity model, reflecting strong demand for warranty-backed protection that combines financial value with threat prevention [2][8] Company Overview - CISO Global, Inc. is a leader in AI-powered cybersecurity software and compliance services, headquartered in Scottsdale, Arizona, providing comprehensive solutions to protect organizations from cyber threats [4] - The company focuses on delivering managed cybersecurity and compliance solutions to meet the needs of demanding businesses and government organizations [4] Partner Overview - Financial Independence Group (FIG) is a prominent financial services company that offers wealth management solutions and business acceleration tools to financial advisors across the United States [5] - Cyber Assurance Group Incorporated (CAGI) specializes in cyber risk insurance, utilizing advanced technology to assess and mitigate cyber threats, providing comprehensive solutions [6]
Fortinet Unveils New AI-Powered Workspace Security Suite to Protect the Modern Enterprise
GlobeNewswire News Room· 2025-06-04 13:00
Core Insights - Fortinet has launched the FortiMail Workspace Security suite, enhancing its data and productivity security portfolio to provide comprehensive email, browser, and collaboration security [1][4][5] - The new AI-powered solutions aim to address the evolving threat landscape, particularly against automated cybercrime tactics [2][3] - Fortinet's offerings are designed to protect users and sensitive data in hybrid work environments, integrating various security measures into a unified platform [8] Company Developments - The FortiMail platform has been significantly upgraded through the acquisition of Perception Point, making it the most customizable email security solution in the industry [4][5] - The FortiMail Workspace Security suite extends protection to collaboration tools like Microsoft 365, Google Workspace, and Slack, enhancing visibility and threat detection capabilities [5][6] - FortiDLP has been enhanced to provide advanced data tracking and insider risk management, allowing organizations to monitor sensitive data usage and detect high-risk behaviors [6] Industry Context - The 2025 Fortinet Global Threat Landscape Report indicates a rise in AI-enabled cybercrime, with attackers increasingly using automation for phishing and impersonation attacks [3] - Organizations are facing a growing need for unified security strategies that address both external threats and insider risks in a hybrid work environment [2][3]
CISO Global's AI-Powered CHECKLIGHT® Increases Warranty to $1 Million Per Incident — Expands Small Business Addressable Market to $11B
Globenewswire· 2025-05-29 12:30
Core Insights - CISO Global Inc. has expanded the financial assurance component of its CHECKLIGHT product to cover up to $1 million per incident, with an annual cap of $1.5 million per customer contract, representing a 4x increase from the previous $250,000 warranty per incident [1][2] - The expansion significantly broadens CHECKLIGHT's addressable market to an estimated $11 billion, attracting larger organizations seeking enhanced financial protection integrated with their cybersecurity solutions [2][3] - The launch of CyberSimple, powered by CHECKLIGHT, aims to provide better value and accessible financial protection to SMB clients through a referral network that includes 17 insurance agencies [2][3] Company Overview - CISO Global, headquartered in Scottsdale, Arizona, is a leader in AI-powered cybersecurity software, managed cybersecurity, and compliance, offering comprehensive solutions to protect organizations from cyber threats [5] - CHECKLIGHT is part of CISO Global's next-generation software portfolio and is currently offered to over 600 security clients and through key insurance partners [4] Partnership and Product Offering - CISO Global has partnered with Cyber Assurance Group Incorporated to launch CyberSimple, which combines cybersecurity services with substantial financial protection [3][6] - The financial protection of $1 million per incident is designed to provide generous coverage without sublimits, making it a powerful warranty program for small and medium-sized businesses in the cyber market [3]