- Corporate rebrand, launch designed to reflect the company’s global mission
- CISO Global was founded to bring cybersecurity professionals together on a global basis
- Organizations spent around $150 billion in 2021 on cybersecurity, growing by 12.4% annually and creating a significant opportunity
Cerberus Cyber Sentinel (NASDAQ: CISO) is starting off the new year with a new name, brand and logo (https://ibn.fm/Mxai7). The company, which has established itself as a leading cybersecurity and compliance provider, has announced plans for a corporate rebrand and launch designed to reflect the company’s global mission.
“At the heart of the rebranding is a change of the company name to CISO Global Inc. and an update to [our] corporate logo,” the company stated in the announcement. “The new brand identity marks another major milestone in the evolution of Cerberus Sentinel, embodies the enthusiasm of its employees, and is indicative of the company’s movement forward.”
In the past few years, the company has experienced impressive growth on three continents: North America, South America and Europe. With the current upward trend and future growth in bmind, company officials decided that creating a strong parent brand in the marketplace was essential while ensuring the new identity matches the global enterprise the company is actively becoming.
“CISO Global was founded to bring cybersecurity professionals together on a global scale,” said David Jemmett, CEO and founder of CISO Global. “We have assembled a world-class leadership team, and we have successfully brought together 16 organizations globally. It is time for our name to reflect who we are as an organization.”
Cybersecurity is becoming increasingly important in today’s digital world and is a top priority for savvy businesses. A recent McKinsey & Company report noted that cyberattacks are proliferating, causing trillions of dollars of damage every year:
“As the digital economy grows, digital crime grows with it,” the report stated. “Soaring numbers of online and mobile interactions are creating millions of attack opportunities. Many lead to data breaches that threaten both people and businesses. At the current rate of growth, damage from cyberattacks will amount to about $10.5 trillion annually by 2025 — a 300% increase from 2015 levels. In the face of this cyber onslaught, organizations around the world spent around $150 billion in 2021 on cybersecurity, growing by 12.4% annually.”
That growing demand can’t be ignored. “The distributed nature of cybersecurity requires global capabilities to properly address the demands and complexities of today’s business environment,” said CISO Global President and Chief Information Security Officer Ashley Devoto. “We are on a mission to demystify and accelerate our clients’ journey to cyber resilience, empowering organizations to securely grow, operate and innovate.”
Devoto pointed out that the company’s M&A growth strategy considers both the growth opportunity and the cyber talent shortfall. “That, combined with growing cybersecurity compliance complexities and requirements, including those by the U.S. Securities and Exchange Commission and the U.S. Department of Defense Cybersecurity Maturity Model Certification (“CMMC”), means that businesses are facing mounting pressure often beyond their capacity to manage internally,” she concluded.
CISO Global has a presence in North America, South America, and the United Kingdom. The company is rapidly expanding by acquiring world-class cybersecurity, secured managed services, and compliance companies with top-tier talent that utilize the latest technology to create innovative solutions to protect the most demanding businesses and government organizations against continuing and emerging security threats and to meet compliance obligations.
For more information, visit the company’s website at www.CerberusSentinel.com.
NOTE TO INVESTORS: The latest news and updates relating to CISO are available in the company’s newsroom at https://ibn.fm/CISO
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