- SideChannel is a company focused on making cybersecurity simple and accessible based on the belief that all companies, including small and mid-sized businesses, deserve top-tier security guidance
- Currently, companies are facing the potential of stiffer economic times, demanding more cost-effective solutions to maintain and grow operations
- In these uncertain times, SideChannel offers a significant cost advantage as it provides top-tier security guidance at a manageable cost
In response to tighter budgets, companies have been focused on reducing expenses, streamlining operations, managing cash flows, and building cash reserves, among other interventions. At the same time, companies are recognizing the growing importance of cybersecurity. A November 2022 Global Tech Investment Predictions Report published by IBM and Morning Consult ranks cybersecurity solutions as the second top technology companies plan to invest in over the next two years, after 5G. The report further lists cyber risks as the leading factor driving investments in technology in organizations (https://ibn.fm/sMTnN). Furthermore, separate predictions expect the rising cybersecurity threats and risks to continue into 2023 and beyond (https://ibn.fm/nvHfO), crystallizing the decision by companies to pursue the above investments.
The need to control costs is forcing companies to prioritize less expensive services over costlier products (https://ibn.fm/P61Hn). Coupled with the growing demand for cybersecurity, companies are aggressively seeking the most cost-effective solutions to keep their operations safe. The situation works to the…
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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