ENGLEWOOD, CO / ACCESSWIRE / January 29, 2015 / Cybergy Holdings, Inc. (OTCQB: CYBG), a national leader in cybersecurity, smart grid technologies and renewable energy, today announced that it supports proposed legislation that would meet the constantly evolving threat posed by cyber-attacks, which includes identity theft and the theft of Americans' sensitive information.
As the Department of Justice's National Security Division (NSD) continues to focus on cyber-threats to the nation's security, Cybergy is pleased to continue its leadership role in providing innovative products and services that help protect U.S. citizens from known and unknown cyber-attacks through Cybergy Labs, its pioneering research division.
Cybergy supports the U.S. government's position that no disgruntled foreign government or rogue individual hacker should have the ability to shut down U.S. computer networks, steal trade secrets, or invade the privacy of American families.
"We strongly support the passage of a cybersecurity bill that creates a clear mandate to protect the connections between the digital and the physical infrastructure," said Wyly Wade, Chief Technology Officer of Cybergy Labs and Cybergy Partners (a subsidiary of Cybergy Holdings, Inc.).
Wade said protection of this kind is critical because the consequences of cyber-attacks are increasingly manifesting themselves in the real world, through what is sometimes called the "Internet of Things." This is a concept that refers to the interconnection between any kind of electronic or mechanical device or system within the infrastructure of the Internet. This interconnectivity means cyber-attacks on systems as varied as electrical grids, transportation networks, or medical devices could potentially have disastrous consequences, with high casualties.
A July 2014 report by the Poneman Institute and Unisys found that 67 percent of companies surveyed across 13 countries from a variety of sectors, including utilities, oil and gas, and alternative energy, had at least one serious security compromise that resulted in the loss of confidential information or the disruption of operations in the prior year.
Cybergy Partners looks forward to working with its clients and the government to formulate solutions to meet this growing challenge.
About Cybergy Holdings, Inc.
Cybergy Holdings, Inc., is a national leader in cybersecurity, smart grid technologies, renewable energy and mission-oriented government services. Headquartered in Englewood, Colorado, Cybergy Holdings' team of approximately 100 employees delivers innovative technical and management services through its 3 divisions: New West Technologies, which was founded in 1996 and provides clean, smart, and reliable energy solutions and is a 5 time winner of the Inc. 500/5000 fastest growing private companies in America; Primetrix, which serves U.S. Federal Government contractor firms with contract procurement, compliance, and growth services; and Cybergy Labs, an award-winning developer of specialized cybersecurity software applications, including SmartFile.
For more information, please visit www.cybergypartners.com.
Forward-Looking Statements
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Contact Information
Cybergy Holdings, Inc.
Mark Gray, Chairman & CEO
[email protected]
Hayden IR
[email protected]
917-658-7878
SOURCE: Cybergy Holdings, Inc.