Cybersecurity Solutions Stocks in the news - (OTC PINK: $GTCH) (NYSE: $S) (NasdaqGS: $MNDT) (NasdaqGS: $GOOG) (NYSE: $ACN)
Cybersecurity Solutions Becoming Pervasive as Threats Escalate
Vancouver, Kelowna, Delta, BC - April 5, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering tech and cybersecurity stocks issues a report on cybersecurity solutions and developments, featuring GBT Technologies Inc. (OTCPINK:GTCH), a small reporting tech company with a diverse portfolio of IP.
With the growth of digital methods of payment and the increasing adoption of technologies like the cloud and artificial intelligence, it is becoming more and more important to innovate and embrace cybersecurity technologies to protect against the attendant surge in online threats. Consequently, firms are taking care to include cybersecurity measures and capabilities in their tech in various ways.
GBT Technologies Inc. (OTC PINK:GTCH) recently filed a non-provisional patent for a long range, AI-powered intelligent radio system - codenamed Infinia - which aims to overcome major long range High Frequency (HF) radio challenges. The company's CTO, Danny Rittman, explains the system's capabilities, including its cybersecurity measures:
"Our Infinia long range, intelligent radio technology is designed to sustain rough weather and terrain. For example, once commercialized we intend to target remote area telemedicine, emergency services, rescue, and all terrain military communication. We also believe another large market segment is the tracking and IoT domains which we believe the Infinia can be a great success due to its reliability and robust cybersecurity capabilities. When developed, the main system's advantage will be to provide an intelligent solution to overcome dead zones, which is the main obstacle for HF based systems. The non-provisional patent aims for a comprehensive IP protection of the Infinia voice and data communication along with its machine learning algorithms and methodologies. As we also develop the Infinia system we successfully completed the GEN I release and we are now working on GEN II that will include machine learning technology. The Infinia technology is aimed to provide a high performance, reliable, secured HF communication solution and we expect it will be able to be used in a wide variety of civil and military domains."
Illustrating the growing ubiquity and importance of cybersecurity are some major mergers and acquisitions (M&A) already seen this year. For instance, the autonomous cybersecurity platform firm SentinelOne, Inc. (NYSE:S) recently announced that it had entered into a definitive agreement to acquire Attivo Networks, described in the press release as "a leading identity security and lateral movement protection company." The latter's CEO, Tushar Kothari, commented:
"We are thrilled to join SentinelOne, the category leader in XDR [Extended detection and response]. Attivo's solutions are a perfect complement, as an XDR with identity protection significantly improves organizational security posture. As the threat landscape evolves, identity remains the central nervous system of the enterprise. Combined with the power of SentinelOne's autonomous XDR, we'll bring real-time identity threat detection and response to the front lines of cyberdefense."
Elsewhere cybersecurity company Mandiant, Inc. (NasdaqGS:MNDT) recently announced that it has entered into a definitive agreement to be acquired by Google [Alphabet Inc.] (NasdaqGS:GOOG) in an all-cash transaction worth roughly $5.4 billion. Following this, Mandiant will join Google Cloud, whereupon it will enhance the latter's "existing strengths in security." Mandiant's CEO, Kevin Mandia said:
"Cyber security is a mission, and we believe it's one of the most important of our generation. Google Cloud shares our mission-driven culture to bring security to every organization. Together, we will deliver our expertise and intelligence at scale via the Mandiant Advantage SaaS platform, as part of the Google Cloud security portfolio. These efforts will help organizations to effectively, efficiently and continuously manage and configure their complex mix of security products."
Google Cloud's CEO, Thomas Kurian, explained:
"The Mandiant brand is synonymous with unmatched insights for organizations seeking to keep themselves secure in a constantly changing environment. This is an opportunity to deliver an end-to-end security operations suite and extend one of the best consulting organizations in the world. Together we can make a profound impact in securing the cloud, accelerating the adoption of cloud computing, and ultimately make the world safer."
According to a report published by Fortune Business Insights, the global market for Cybersecurity is projected to grow from $155.83 billion USD in 2022 to $376.32 billion by 2029, registering a compound annual growth rate (CAGR) of 13.4 percent in that forecast period. The following excerpt from the report's summary emphasizes the role of E-commerce as an influence on the market's growth:
The rising number of e-commerce platforms and advancements in technologies such as artificial intelligence, cloud, and blockchain, have augmented internet security solutions in a connected network infrastructure. Additionally, e-commerce companies are focused on adopting network security solutions in their IT and electronic security systems.
But another, and perhaps, more timely application of cybersecurity technologies is in warfare, as outlined in a recent Forbes article discussing the Russia-Ukraine conflict. For instance, noting that following the outbreak of war "suspected Russian-sourced cyber-attacks were observed over a 48-hour period at an increase of over 800%," the article cautions that "every organization, without exception, must act with extreme urgency to secure its information technology infrastructures."
This view is supported by coverage from Accenture's (NYSE:ACN) Cyber Threat Intelligence and Cyber Investigation & Forensics Response, which warns that the Russian "offensive also has a cyber component that could potentially affect parties in multiple locations, including Ukraine, NATO countries, and their allies." Accenture itself has a Cyber Threat Intelligence component - as part of Accenture Security - which "is continually investigating numerous cases of financially motivated targeting and suspected cyber espionage," boasting expert analysts "in malware reverse engineering, vulnerability analysis, threat actor reconnaissance and geopolitical threats."
So whether it's working unseen or discretely to secure networks for e-commerce applications, or detecting cyber espionage between nation-states, cybersecurity is likely to become more pervasive and continue to experience inexorable growth.
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About GBT Technologies Inc.
GBT Technologies, Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.
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