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Effective immediately, Integrated Cyber Solutions Inc. will be reinstated for trading.
The Company has rectified the situation that gave rise to the suspension.
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Integrated Cyber Solutions: Your Go-to Managed Security Service Provider
October 11, 2023
Integrated Cyber Solutions (CSE:ICS) offers a comprehensive suite of tools designed to protect small and medium businesses from threat actors. The company assembled a team that brings together strategic and tactical experience with the goal of making security more actionable and understandable to provide vulnerability assessments, pen-testing, cyber training, MDR, and managed services,
Integrated Cyber focuses on the human side of security paying much attention to processes and education as it does on security tooling. This helps businesses that lack the resources or personnel not only protect themselves from threat actors, but also gain a better understanding of their security posture in the process.
Integrated Cyber’s portfolio is focused on three vital security pillars, tied together with artificial intelligence.
Artificial intelligence has fundamentally changed the nature of cybersecurity. It allows organizations to provide personalized security training, gain insights from massive threat intelligence datasets and detect and respond to threats automatically. Unfortunately, most businesses lack the expertise to incorporate these tools.
Why Invest in Integrated Cyber (CSE: ICS)?
1. High Growth Potential
- Integrated IT management ecosystem spanning both NOC and SOC.
- Rich opportunities for consulting services, adjacent products and training.
- A dual plan for growth that combines direct sales and a partner ecosystem.
2. Promising Portfolio
- Resources and market differentiation focused around three core pillars.
- Continuously-evolving services to future-proof investment capital.
- Represents and integrates best-in-class capabilities from the top cybersecurity platforms.
3. Well-Defined Roadmap
- $5 million in capital reserve for acquisitions with the capacity for further expansion.
- Acquisition of synergistic companies to drive rapid expansion — currently assessing 6 targets.
- Positioned to be acquired by a major IT services company, cyber product company or MSSP as an exit strategy.
4. Industry Expertise
- Extensive knowledge of manufacturing, energy and finance.
- Also have customers in finance with interest from higher education.
- Frequently help protect critical, high-risk infrastructure.
5. Focused Sales Strategy
- Managed services sales model is built on consistent recurring revenue.
- Average margin of 60 percent per customer.
- Comprehensive portfolio with multiple upsell and cross-sell opportunities.
- A management team with decades of collective experience.
- An advisory board consisting of the CIOs of several major corporations.
- Expertise includes financial management, IT, telecommunications, cybersecurity, data storage and managed services.
- Predictable revenue stream to consist of 80 percent recurring revenue.
- Low, fixed and high-variable cost structure
- Revenue forecast of $1 million in 2023 and $22 million by 2027.
This Integrated Cyber Solutions profile is part of a paid investor education campaign.*
Click here to connect with Integrated Cyber Solutions (CSE:ICS) to receive an Investor Presentation
artificial intelligence investingcyber securityintegrated cyber solutionssecurity investingcse stockscse:icsSecurity Investing
ICS:CC
07 June
CSE Bulletin: Reinstatement - Integrated Cyber Solutions Inc.
_________________________________
Avec effet immédiat, Integrated Cyber Solutions Inc. sera réintégrée à la négociation.
La Société a rectifié la situation qui a donné lieu à la suspension.
| Date : | le 7 juin/June 2024 |
| Symbol(s)/Symbole(s) : | ICS |
If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com.
Si vous avez des questions ou si vous avez besoin d'informations supplémentaires, veuillez contacter le service des inscriptions au 416 367-7340 ou par courriel l'adresse: Listings@thecse.com.
News Provided by Newsfile via QuoteMedia
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07 June
Canadian Investment Regulatory Organization Trade Resumption - ICS
Trading resumes in:
Company: Integrated Cyber Solutions Inc.
CSE Symbol: ICS
All Issues: Yes
Resumption (ET): 1:45 PM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada .
SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
View original content: http://www.newswire.ca/en/releases/archive/June2024/07/c4085.html
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03 April
Integrated Cyber Solutions Corrects Statement in Previous Release Issued on April 2, 2024
(TheNewswire)
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Vancouver, British Columbia TheNewswire - April 3, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) ("Integrated Cyber" or the "Company") wishes to correct an error in its previously issued press release titled, "Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East" issued on April 2, 2024.
The error pertains to the status of the relationship with HSG Middle East. We apologize for any inconvenience this may have caused and appreciate your understanding.
The Company intended to announce that it has entered into a Letter of Intent to form a Joint Venture ("JV") partnership ("ICS Middle East") with an established company based in the UAE, HSG Middle East ("HSG"). Since 2012, HSG has been delivering specialized hospitality network and technology solutions across the Middle East. HSG is a member of the Gulf Cooperation Council (GCC), with relationships totaling over 500 hotels and 55,000 rooms in the region.
The purpose of the Joint Venture with HSG will be multi-faceted and strategic by nature. By establishing ICS Middle East, Integrated Cyber seeks to cultivate business alliances involving strategic partnerships with local entities to leverage their expertise and networks. Through this partnership, the Company anticipates gaining access to local market insights, cultural nuances, and regulatory knowledge essential for navigating and participating in this unique regional landscape.
Specifically, ICS Middle East will initially be focused on five key areas to grow its presence and commercial opportunities in the region:
• Collaborate with the UAE Government to develop a credentialing system tailored for individuals, corporations, and government agencies within the UAE
• Maintain focus on delivering cyber services to the power generation industry, leveraging its expertise honed through serving a major electricity generator company with over 15 power plants. It is anticipated that ICS Middle East will be in contention to provide cyber services to a power plant supplying approximately 20% of Dubai's electricity
• Offer cyber services to existing hotel and hospitality clients of HSG, which include prominent names such as EMAAR Hospitality, Fairmont, Hilton, Atlantis, Jumeirah Hotels, Rotana, and Starwood hotels
• Establish a partnership with a leading provider of critical IT services and hardware to the UAE healthcare sector to offer cyber services to the Company's existing client base
• Capitalize on the momentum created by HSG's new office in Riyadh, Saudi Arabia, with plans to replicate the successful approach in the UAE by providing cyber services to hospitality, healthcare, and governmental sectors. This initiative builds upon existing relationships with entities such as the Saudi Arabia National Guard, NEOM, and the Sovereign Investment Fund PIF.
ICS Middle East participated in the ISACA Infosec/Cyber Security 2023 Conference in Dubai, winning the Best Newcomer award. ISACA is a global professional association and learning organization that leverages the expertise of its more than 165,000 members who work in digital trust fields such as information security, governance, assurance, risk, privacy, and quality. It has a presence in 188 countries, including 225 chapters worldwide.
About Integrated Cyber Solutions
Integrated Cyber Solutions is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization.
About Hospitality Solution Group
Hospitality Solution Group (HSG) is a team of seasoned hospitality sourcing professionals who provide supplies and technology solutions in the hospitality sector. With a global outlook and a local focus, they collaborate with manufacturers, consultants, distributors, and end users to enhance and protect the hotel guest experience.
The Company's headquarters in Melbourne, Australia, serves as the hub for its operations, which are complemented by offices and warehousing in Dubai to serve the Middle East region. Leveraging their extensive international experience, they curate innovative products worldwide and establish long-standing relationships with manufacturers.
HSG specializes in highly customized hospitality solutions, ensuring their products seamlessly work with the operations of hotels, restaurants, venues, or offices. More information can be found at: http://www.hospitalitysolutiongroup.com
Contact:
Media Relations Team
email: PR@Integrated-Cyber.com
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. These statements are based on current expectations and projections about future events. Forward-looking statements are often, but not always, identified by words such as 'anticipate', 'expect', 'intend', 'plan', 'believe', 'seek', 'estimate', 'will', 'project', 'continue', 'predict', 'potential',' target', 'forecast', 'budget', 'goal', 'may', 'should', 'could', or similar expressions. In this press release, the forward-looking statements include, but are not limited to, expectations regarding the implementation of marketing and investor relations services of White Rabbit Projects Pte. Ltd., Sagacity Capital Media, Investing News Network, Guerilla Capital, and First Phase Capital; and, in particular, the anticipated effects of the proposed marketing services. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the following: economic conditions, industry trends, regulatory changes, competition, technological advancements, and other factors beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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02 April
Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East
(TheNewswire)
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Vancouver, British Columbia TheNewswire - April 2, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) ("Integrated Cyber" or the "Company") is pleased to announce that the Company has formed a Joint Venture ("JV") partnership ("ICS Middle East") with an established company based in the UAE, HSG Middle East ("HSG"). Since 2012, HSG has been delivering specialized hospitality supplies and technology solutions across the Middle East. HSG is a member of the Gulf Cooperation Council (GCC), with relationships totaling over 500 hotels and 55,000 rooms in the region.
The purpose of the JV with HSG will be multi-faceted and strategic by nature. By establishing ICS Middle East, Integrated Cyber seeks to cultivate business alliances involving strategic partnerships with local entities to leverage their expertise and networks. Through this partnership, the Company anticipates gaining access to local market insights, cultural nuances, and regulatory knowledge essential for navigating and participating in this unique regional landscape.
Specifically, ICS Middle East will initially be focused on five key areas to grow its presence and commercial opportunities in the region:
• Collaborate with the UAE Government to develop a credentialing system tailored for individuals, corporations, and government agencies within the UAE
• Maintain focus on delivering cyber services to the power generation industry, leveraging its expertise honed through serving a major electricity generator company with over 15 power plants. It is anticipated that ICS Middle East will be in contention to provide cyber services to a power plant supplying approximately 20% of Dubai's electricity
• Offer cyber services to existing hotel and hospitality clients of HSG, which include prominent names such as EMAAR Hospitality, Fairmont, Hilton, Atlantis, Jumeirah Hotels, Rotana, and Starwood hotels
• Establish a partnership with a leading provider of critical IT services and hardware to the UAE healthcare sector to offer cyber services to the company's existing client base
• Capitalize on the momentum created by HSG's new office in Riyadh, Saudi Arabia, with plans to replicate the successful approach in the UAE by providing cyber services to hospitality, healthcare, and governmental sectors. This initiative builds upon existing relationships with entities such as the Saudi Arabia National Guard, NEOM, and the Sovereign Investment Fund PIF.
Previous to the JV, ICS Middle East participated in the ISACA Infosec/Cyber Security 2023 Conference in Dubai, winning the Best Newcomer award. ISACA is a global professional association and learning organization that leverages the expertise of its more than 165,000 members who work in digital trust fields such as information security, governance, assurance, risk, privacy and quality. It has a presence in 188 countries, including 225 chapters worldwide.
About Integrated Cyber Solutions
Integrated Cyber Solutions is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization.
Contact:
Media Relations Team
email: PR@Integrated-Cyber.com
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. These statements are based on current expectations and projections about future events. Forward-looking statements are often, but not always, identified by words such as ‘anticipate', ‘expect', ‘intend', ‘plan', ‘believe', ‘seek', ‘estimate', ‘will', ‘project', ‘continue', ‘predict', ‘potential', 'target', ‘forecast', ‘budget', ‘goal', ‘may', ‘should', ‘could', or similar expressions. In this press release, the forward looking statements include, but are not limited to, expectations regarding the implementation of marketing and investor relations services of White Rabbit Projects Pte. Ltd., Sagacity Capital Media, Investing News Network, Guerilla Capital, and First Phase Capital; and, in particular, the anticipated effects of the proposed marketing services. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the following: economic conditions, industry trends, regulatory changes, competition, technological advancements, and other factors beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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27 March
Cyber Insurance Industry to Experience Above Trend Sector Growth
(TheNewswire)
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Vancouver, British Columbia TheNewswire March 27, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G). Since 2018, the global cyber insurance market has experienced remarkable growth beyond the industry average, with coverage volumes tripling over that time frame. Today, this insurance domain has generated approximately US$13 billion in gross direct premiums by 2022 and is expected to produce an industry compound annual growth rate (CAGR) of 12.3% from 2023 to 2030.
The cyber insurance market refers to the sector within the insurance industry that provides coverage against losses and damages resulting from cyber incidents and cyber-related risks. This type of insurance typically protects individuals, businesses and organizations against various cyber threats, including data breaches, hacking attacks, ransomware, network outages, and other forms of cybercrime.
Similar to conventional property insurance coverage, cyber insurance policies can offer remediation for a range of expenses to replace, substitute and mitigate the costs associated with the loss of property. Some policies may also include coverage for business interruption losses resulting from cyber events.
While the market involves risk managers, cybersecurity experts, and legal professionals who contribute to assessing risks, developing policies, and managing claims, the cyber industry remains relatively unstructured against the more mature sub-sectors. The absence of a secondary market for risk-sharing, lack of a dependable incident record databases, along with the inadequacy of automated tools for risk assessment collectively places the responsibility on the client to accurately self-assess their risk profile.
This presents a significant liability gap that leaves many companies vulnerable—even those who believe they have sufficient protection.
While the cyber insurance industry remains in its infancy relative to traditional insurance realms, Integrated Cyber Solutions is methodically attempting to tame this chaotic and undefined market. It is doing so led by an experienced leadership team who understands its end user needs, while developing a proprietary platform that is comprehensive and intuitive to operate.
More specifically, ICS has adopted an industry first Cyber Rating System. The purpose of this system is to provide a quantifiable system to balance risk between providers and their clients. The system provides the insurers with a real-time tool to constantly evaluate their clients risk score thus significantly eliminating risk exposure. It is dynamic and able to be customized to each situation while providing an experience database of claims performance to allow actuaries the capability to better assign risk.
At the core of ICS' security infrastructure lies a "Generative AI Model" capable of processing and correlating all activity and reporting it in a humanly understandable manner. The output is a weighted risk score measuring client's real-time readiness. We also incorporate emerging industry regulations as well as part of our service as well.
According to Integrated Cyber Solutions CEO Alan Guibord, navigating the landscape for cybersecurity solutions is immensely challenging due to network complexity and budget outlays: "The abundance of choices, coupled with the intricate jargon and complexity, can render the selection process daunting and perplexing. We have built ICS to exceed the cyber security demands of small and medium sized businesses in a foreboding threat matrix environment."
The Cyber Insurance Industry Presents Future Growth Opportunities
The anticipation that the cyber insurance market will surpass the industry average in future growth is rooted in several key factors. Firstly, the landscape of cyber threats is continuously evolving and becoming more sophisticated with the rapid advancements in technology. Consequently, businesses and individuals are increasingly acknowledging the necessity of cyber insurance to shield themselves from potential financial losses resulting from cyberattacks.
Secondly, there is a notable shift in the regulatory environment worldwide towards stricter regulations concerning data protection and cybersecurity. Compliance with these regulations often mandates investments in cybersecurity measures and insurance coverage, thereby propelling the demand for cyber insurance policies.
The heightened awareness of cyber risks is permeating through businesses of all sizes, largely due to the prominence of high-profile cyber incidents in the media. As a result, more organizations are acknowledging the potential financial ramifications of cyberattacks and are turning to insurance as an integral component of their risk management strategies. This growing awareness is contributing significantly to the expansion of the cyber insurance market.
High Profile Incident | Company | Date |
SolarWinds Attack | SolarWinds | Dec 2020 |
Equifax Data Breach | Equifax | Jul 2017 |
Yahoo Data Breaches | Yahoo | Various |
Marriott International | Marriott | Nov 2018 |
LinkedIn Breach | Apr 2021 | |
Capital One Data Breach | Capital One | Jul 2019 |
As the threat and exploitation matrix increases exponentially across the curve, companies with the vision and wherewithal to develop the tools to navigate this growing market present opportunities to investors. Integrated Cyber Solutions is one such company addressing the needs of organizations both large and small..
About Integrated Cyber Solutions
Integrated Cyber Solutions is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization.
Contact:
Media Relations Team
email: PR@Integrated-Cyber.com
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. These statements are based on current expectations and projections about future events. Forward-looking statements are often, but not always, identified by words such as ‘anticipate', ‘expect', ‘intend', ‘plan', ‘believe', ‘seek', ‘estimate', ‘will', ‘project', ‘continue', ‘predict', ‘potential', 'target', ‘forecast', ‘budget', ‘goal', ‘may', ‘should', ‘could', or similar expressions. In this press release, the forward-looking statements include, but are not limited to, expectations regarding the implementation of marketing and investor relations services of White Rabbit Projects Pte. Ltd., Sagacity Capital Media, Investing News Network, Guerilla Capital, and First Phase Capital; and, in particular, the anticipated effects of the proposed marketing services. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the following: economic conditions, industry trends, regulatory changes, competition, technological advancements, and other factors beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
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13 September
Microsoft Plans to Reduce Kernel-level Operations for Cybersecurity Vendors Post-outage
Microsoft (NASDAQ:MSFT) announced it is developing a new platform aimed at helping cybersecurity firms operate without accessing the kernel mode of its Windows operating system.
Bloomberg reported that the company’s move comes after an incident in July when an update from CrowdStrike Holdings (NASDAQ:CRWD) caused a widespread outage affecting millions of Windows computers.
On Tuesday (September 10), Microsoft held a meeting with cybersecurity firms to discuss the potential risks of allowing third-party security vendors to access the kernel, the core part of its operating system.
During this meeting, discussions focused on finding ways to reduce the likelihood of future incidents similar to the July outage, which disrupted operations for several industries, including airlines, banks and healthcare providers.
This sparked a debate about whether security vendors should have access to the kernel, as such access carries significant risks when updates or other changes malfunction. The kernel is the core component of an operating system that manages system resources and facilitates communication between hardware and software.
Microsoft is now seeking to find alternative ways for cybersecurity companies to operate while protecting customers. The company will be designing and developing new systems to address concerns raised by both customers and partners. It intends to offer greater reliability without compromising the security functions required by cybersecurity firms.
By moving away from kernel-level operations, Microsoft hopes to reduce the possibility of global outages while still providing robust protection against cyber threats.
Company executive David Weston reiterated this stance during a cybersecurity summit, stating that collaboration with industry players is essential for ensuring a safer and more reliable digital environment. “Both our customers and ecosystem partners have called on Microsoft to provide additional security capabilities outside of kernel mode which, along with safe deployment practices, can be used to create highly available security solutions,” he said.
Weston added that the company is committed to working with cybersecurity vendors to develop solutions that protect users while minimizing risks associated with kernel access.
CrowdStrike, which was at the center of the July incident, expressed its willingness to participate in ongoing discussions with Microsoft and other industry leaders to improve cybersecurity protocols.
The July incident impacted approximately 8.5 million devices, leading to widespread disruptions.
Delta Air Lines (NYSE:DAL), one of the companies most affected by the outage, has since announced that it is pursuing legal action against both CrowdStrike and Microsoft. The airline estimates that the outage cost it more than US$500 million due to flight cancellations and other operational challenges.
Don't forget to follow us @INN_Technology for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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08 August
Adisyn Eyes Underserved SME Market for Tech, Cybersecurity Solutions
Adisyn (ASX:AI1) is doubling down on its SME-focused business strategy, leveraging a multibillion-dollar defence industry supply chain and a highly underserved market.
Managing Director Blake Burton talked to the Investing News Network about the driver for this business strategy.
“There's all these investments coming through. All these (small- and medium-sized) businesses are supplying to defence, (and) manufacturing for defence. But, for lack of a better word, they're clueless when it comes to cybersecurity, protecting their data, making sure they're compliant. So we kind of said, this is a really exciting segment of the market to be targeting,” he said.
“When it comes to cybersecurity, when it comes to tech, it's like a second language to (SMEs). So that's our bread and butter, right? That's what we've always focused on. That's what we're pushing ahead with moving forward," Burton added.
He also spoke about Adisyn’s binding collaboration agreement with 2D Generation to develop transformational opportunities in the artificial intelligence (AI) space. The agreement leverages Adisyn’s expertise in data centre management, managed IT services and cybersecurity, and 2D Generation’s industry-leading capabilities in developing next-generation AI semiconductor solutions.
“Definitely watch this space, because … it's going to be, within 10 years, like a trillion-dollar market. So if we can kind of add our expertise to 2D Generation, I think that's definitely going to be one to watch,” Burton said.
Watch the full interview with Adisyn Managing Director Blake Burton above.
Disclaimer: This interview is sponsored by Adisyn (ASX:AI1). This interview provides information which was sourced by the Investing News Network (INN) and approved by Adisyn in order to help investors learn more about the company. Adisyn is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Adisyn and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
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19 July
Tech 5: CrowdStrike Outage Causes Major Disruptions, Tech Stocks Face Turmoil
Markets reacted to the attempted assassination of Former US President Donald Trump, with analysts predicting it could increase his re-election odds.
Meanwhile, a global tech outage disrupted systems across multiple industries, and Bitcoin and Ether prices fluctuated, influenced by factors such as the likelihood of Ether exchange-traded funds (ETFs) being approved by next week.
Stay informed on the latest developments in the tech world with the Investing News Network's round-up.
1. US markets fluctuate amidst political turmoil and rate-cut speculation
At the start of the week, markets reacted to the aftermath of an assassination attempt on Trump, with analysts predicting that it could increase his odds of re-election in November.
Against that backdrop, US Federal Reserve Chair Jerome Powell addressed the Economic Club of Washington, remarking that recent inflation readings, including last week’s data, “do add somewhat to confidence."
In Canada, Tuesday’s (July 16) consumer price index reading showed a 2.7 percent year-on-year increase in June, down from 2.9 percent in May, prompting discussions of a potential second interest rate cut in July. The S&P/TSX Composite Index rose even higher to a close of 22,995.39, a fourth consecutive record high close.
Multiple US indexes performed positively that day, with the Dow Jones Industrial Average (INDEXDJX:.DJI) also reaching a new all-time closing high of 40,954.48. The Russell 2000 Index (INDEXRUSSELL:RUT) scored its fifth consecutive winning streak, its longest since 2000. The S&P 500 (INDEXSP:.INX) also closed up on Tuesday. However, the Nasdaq 100's (INDEXNASDAQ:NDX) gains were limited by weaker performances from mega-cap stocks such as NVIDIA (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT) as small caps extended their rally.
Chip stocks fell on Wednesday (July 17) after a report revealed that the Biden administration is considering further trade restrictions against China. The news brought the PHLX Semiconductor Sector (INDEXNASDAQ:SOX) down by 6.8 percent, its biggest one day drop since March 2020. Compounding the downturn was the revelation of comments made by Trump regarding Taiwan paying the US for its defense against China.
Stocks closed lower across the board as a result, apart from the Dow Jones, which ended at a new record high of 41,198.08 for the third day in a row. The Nasdaq and S&P 500 closed 2.8 and 1.4 percent lower, respectively, led by losses to NVIDIA and Apple (NASDAQ:AAPL). The S&P/TSX Composite Index experienced a decline of 0.6 percent, leaving it at 22,851.17 and bringing an end to its run of consecutive record-breaking closing highs.
Taiwan Semiconductor’s (NYSE:TSM,TPE:2330) quarterly results, released on Thursday (July 18), helped lift the Nasdaq and S&P 500 at the open; however, the gains were reversed as the VIX (INDEXCBOE:VIX) reached its highest level since early May, triggering a selloff. By the end of the day, the Dow Jones had fallen 1.29 percent, the S&P 500 had lost 0.78 percent, the Nasdaq had dropped 0.7 percent and the S&P/TSX Composite Index was down 0.5 percent.
On Friday (July 19), Wall Street’s main indexes opened lower as a global tech outage impacted all sectors. This ended a turbulent week that represented the Nasdaq and S&P 500’s worst since April, feeding fearful investor sentiment toward tech stocks. At the closing bell, the Dow Jones was down 0.93 percent, the S&P 500 dropped by 0.71 percent, the Nasdaq fell 0.81 percent and the Toronto Stock Exchange’s S&P/TSX Composite Index slid by a modest 0.2 percent.
2. Tech outage disrupts industries around the world
A global tech outage caused by CrowdStrike (NASDAQ:CRWD) disrupted systems across multiple industries early on Friday, causing delays to operations in banking, healthcare and media, as well as impeding air travel schedules.
The event was triggered by an update to CrowdStrike’s Falcon Sensor software, a component of the cybersecurity firm’s security operations center platform designed to detect viruses and cyber threats running on Windows operating systems.
CrowdStrike sent an alert to its clients at 5:30 a.m. GMT, and soon after released a statement on its website.
"Today was not a security or cyber incident. Our customers remain fully protected," CrowdStrike CEO George Kurtz reassured users via a post on X, formerly known as Twitter, some hours later.
CrowdStrike promptly identified the root of the cause to be a defect in a content update for Windows hosts. The company began working on solutions to address the issue, with full instructions and resources available on the company’s blog. However, the impact of the crash reverberated across governments and organizations around the world, and the time it took for the fix to be fully deployed depended on individual circumstances.
For devices simply requiring a reboot to apply the update, the solution was able to be swiftly applied. In other cases, the longer process of a manual intervention was required. The length of time also depended on the size and complexity of an organization’s IT infrastructure, as the solution would need to be applied across all systems.
The situation was still unfolding as of 7:00 p.m. EDT on Friday.
3. Bitcoin, Ether prices advance
Bitcoin and Ether showed notable price fluctuations at the start of the week, with both growing by approximately 5 percent in 24 hours, starting the week at US$62,732 and US$3,350, respectively, at 9:00 EDT. The rally was attributed to the perceived higher probability of a Trump victory in the wake of the assassination attempt and the increasing likelihood of Ether ETFs being approved. Ether’s price continued to rise throughout the day, peaking at US$3,489 at 20:00 EDT.
On Tuesday, Bitcoin was priced at US$63,774 and Ether at US$3,409 just before the opening bell. Both experienced volatility through the day and were valued at US$65,144 and US$3,480, respectively, at the closing bell.
Meanwhile, Farside data shows a record daily inflow of US$422 million into spot Bitcoin ETFs on Tuesday, causing the price of Bitcoin to surge 3 percent overnight to US$65,200. Ether also saw significant gains of 2 percent.
A modest devaluation was observed on Wednesday at 9:10 EDT, with Bitcoin valued at US$64,734 and Ether at US$3,46.
Glassnode data released on Wednesday shows that balances across US spot Bitcoin ETFs had reached 900,636 Bitcoin worth more than US$63 billion. As of July 18, the combined cryptocurrency market cap was up 12 percent despite volatility observed throughout the week. Bitcoin was priced at US$63,514 and Ether at US$3,407 at 14:00 EDT.
Friday’s global tech outage, which had a widespread impact, had virtually no effect on the crypto industry, underscoring the strength of decentralization. Despite a dip in price Friday morning — US$64,332 for Bitcoin and US$3,411 for Ether at 9:05 EDT — on the heels of renewed speculation regarding US President Joe Biden’s position as the Democratic nominee, the price of Bitcoin rose to US$67,265 at 16:05 EDT on Friday, while Ether rose to US$3,523.
4. Google may bet on cybersecurity in record-breaking deal
CNBC reported on Sunday (July 19) that Alphabet’s (NASDAQ:GOOGL) Google is in early negotiations to acquire Wiz, a cybersecurity firm. Sources did not provide details, only disclosing that the deal is expected to close “soon.”
In May, Wiz was rumored to be gearing up for an IPO, at which time it had a valuation of US$12 billion. The company’s comprehensive cloud presence offers an attractive solution for large enterprises with substantial computing requirements, allowing them to efficiently manage and optimize their digital infrastructure.
The deal, reported to be worth US$23 billion, would be the largest acquisition in Google’s history and would give the company an advantage over competing cloud providers like Amazon (NASDAQ:AMZN) and Microsoft.
5. SEC sets launch date for Ethereum ETFs
Ethereum saw a significant increase in its valuation after Nate Geraci took to X to weigh in on his prediction regarding the highly-anticipated approval of Ethereum ETFs on Sunday afternoon.
“Welcome to spot eth ETF approval week … I’m calling it. Don’t know anything specific, just can’t come up w/ good reason for any further delay at this point. Issuers ready for launch,” he posted, prompting a 5 percent price increase for Ethereum in six hours. Geraci is co-founder of the ETF Institute.
The next day, Bloomberg ETF analyst Eric Balchunas confirmed Geraci's prediction:
“Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday (July 15) after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course!”
On Wednesday, the US Securities and Exchange Commission (SEC) further stirred enthusiasm by approving the Grayscale Mini Spot Ether ETF. “After careful review, the Commission finds that the Proposals are consistent with the Exchange Act and rules and regulations thereunder applicable to a national securities exchange,” the SEC said in a document. “It is therefore ordered… that the proposals be, and hereby are, approved.
On Friday, the Chicago Board Options Exchange announced that the Franklin Templeton Ethereum ETF will commence trading as a novel listing on July 23; however, the launch would be contingent upon regulatory approval.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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19 July
CrowdStrike Shares Drop After System Update Causes Global Tech Outage
CrowdStrike Holdings (NASDAQ:CRWD) has identified a system update as the cause of widespread global computer outages that have affected diverse businesses, including airlines, hospitals and banks.
Initial concerns over a potential hack were dismissed, with the cybersecurity company explaining on Friday (July 19) that the issue was not related to any security incident or cyberattack.
The outages were caused by a defect in a single content update for Windows hosts, specifically linked to Falcon Sensor software. This defect led to numerous systems encountering the notorious "blue screen of death."
Mac and Linux hosts were not affected by this issue.
CrowdStrike and Microsoft (NASDAQ:MSFT) have both issued statements addressing the situation.
A Microsoft spokesperson acknowledged the issue, stating, “We’re aware of an issue affecting Windows devices due to an update from a third-party software platform. We anticipate a resolution is forthcoming.”
Meanwhile, CrowdStrike shared more detailed information on the problem and the steps taken to resolve it, providing manual workarounds for individual hosts and public clouds in its most recent statement.
The impact of the outage has been significant, with major industries such as banking, air travel and healthcare experiencing disruptions. The defect caused critical systems to crash, leading to delays and operational challenges.
In the banking sector, some ATMs and online banking services were temporarily unavailable.
Airlines faced delays and cancelations as their computer systems went offline, while hospitals reported issues with electronic health records and patient management systems. More than 3,300 flights have been canceled worldwide, accounting for about 3 percent of all scheduled services, though not all cancelations may be due to the IT outage.
Following the outage, CrowdStrike shares were down nearly 15 percent on the Nasdaq in New York as the market opened, erasing an equivalent of US$12.5 billion in market value.
As businesses continue to recover from the outage, CrowdStrike said it is focused on providing customer support and deploying a fix; it also said systems brought online after the identified issue will not be affected.
Don't forget to follow us @INN_Technology for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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01 May
Aether Global Provides Update on Management Cease Trade Order
Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA) (WKN# A2N8RH), a leader in drone management and automation, is providing this update on the status of a management cease trade order (the "MCTO") granted on April 3, 2024 by the British Columbia Securities Commission under National Policy 12-203 - Management Cease Trade Order ("NP 12-203").
On April 3, 2024, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements, annual information form and management's discussion and analysis for the fiscal year ended November 30, 2023 (the "Annual Filings") beyond the period prescribed under applicable Canadian securities laws (the "Default Announcement"). The Company reports that it anticipates filing the Annual Filings on or before May 30, 2024 and will provide further updates on the timing of the filing, as necessary.
During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's chief executive officer and chief financial officer will not be able to trade in the Company's shares. Other than as disclosed in this news release, there are no material changes to the information contained in the Default Announcement. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement.
About Aether Global Innovations Corp.:
Aether Global Innovations Corp. is an innovative UAV and drone management and operations services company focusing on three critical areas for infrastructure and large public and private facilities: drone management and surveillance monitoring, automation and integration for flight planning and innovative sensor payloads, and drone base station infrastructure and technology for autonomous self-landing, power charging, and takeoff. Learn more at www.aethergic.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Philip Lancaster, CEO & President
Aether Global Innovations Corp.
info@aethergic.com
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
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13 March
Integrated Cyber Solutions Announces Significant Customer Renewal and Expansion of Services
Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) (“Integrated Cyber” or the “Company”) is pleased to announce the renewal and expansion of services with a longstanding, esteemed client in the power, renewables and infrastructure sector. The client opted to extend their contract and incorporate extra services with Integrated Cyber due to the product consistently and effectively fulfilling their security needs.
In line with Integrated Cyber’s “land and expand” business model, the initial engagement with the client began with the delivery of Managed Detection and Response (MDR) services. Over the years, the Company has consistently enhanced the client's security architecture across various sites. This expansion of services with the client showcases Integrated Cyber's ability to deliver value to the end user, guaranteeing the ongoing fulfillment of their expanding cybersecurity requirements.
Specifically, the expansion of services to the end user will entail managed cyber security awareness and training utilizing the Proofpoint platform. Integrated Cyber will implement new user training, ensure employees who pose a higher risk receive remedial training, train the entire organization monthly, and actively perform phishing attacks to measure and enhance awareness and preparedness.
Additionally, Integrated Cyber will institute for the client continuous vulnerability scanning to identify and help address security vulnerabilities.
About Integrated Cyber Solutions
Integrated Cyber Solutions is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber’s managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer’s environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization.
Contact:
Media Relations Team
email: PR@Integrated-Cyber.com
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. These statements are based on current expectations and projections about future events. Forward-looking statements are often, but not always, identified by words such as ‘anticipate’, ‘expect’, ‘intend’, ‘plan’, ‘believe’, ‘seek’, ‘estimate’, ‘will’, ‘project’, ‘continue’, ‘predict’, ‘potential’, ’target’, ‘forecast’, ‘budget’, ‘goal’, ‘may’, ‘should’, ‘could’, or similar expressions. In this press release, the forward looking statements include, but are not limited to, expectations regarding the implementation of marketing and investor relations services of White Rabbit Projects Pte. Ltd., Sagacity Capital Media, Investing News Network, Guerilla Capital, and First Phase Capital; and, in particular, the anticipated effects of the proposed marketing services. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the following: economic conditions, industry trends, regulatory changes, competition, technological advancements, and other factors beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
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