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Cyberfort Software, Inc. (OTC: CYBF) Shares are Positioned to Benefit Immensely from Rising Cybersecurity Threats‎

Monday, November 19, 2018 11:20 AM
OTCinsider
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SAN FRANCISCO, CA / ACCESSWIRE / November 19, 2018 / Growing sophistication of cyber-attacks and repeated attempts at high-profile hacking have kept countries around the globe alert over the past few years. A series of cyber-attacks like WannaCry or WannaCrypt ransomware attacks and Petya rocked the globe.

Moreover, the massive data breach at Equifax in September and the Uber data theft in November last year reflected the loopholes in the security systems around the world.

The pace of these attacks will only increase as more valuable data shifts online over the next several years. As such, demand for cybersecurity solutions will continue to grow, and cybersecurity stocks will continue to outperform.

Due to the rise in cyber-attacks in 2018, the demand for cybersecurity solutions has burgeoned, and cybersecurity stocks have bounced. Cyberfort (OTC PINK: CYBF) is up 400% over this month, over 20 times the S&P 500's return of 18%.

Cyberfort Software, Inc. (OTC PINK: CYBF), a cybersecurity technology company announced today that it will apply for uplisting to the OTCQB® Venture Market in the first quarter of 2019.

''Trading on the OTCQB will be another important milestone for CYBF and a key step in expanding our financial communication program. Uplisting from the Pink Sheets will help us provide greater transparency to existing and prospective shareholders while growing our exposure to a broader investing audience,'' stated CYBF CEO Daniel Cattlin.

The company is strengthening the online security of companies and end-users by focusing on innovative practices such as Content Filtering and Ad Blocking. Our acquisition and development of the latest cybersecurity technology helps us tap into this increasingly large global market. In line with our mission to deliver powerful solutions across multi-platforms for personal and business users, in 2016 we acquired Vivio, a provider of pioneering AI content filtering and software protection. Visit www.cyberfortsoftware.com

Vivio currently serves over 10,000 unique users across iPhone, iPad, and Mac. Vivio is an iOS 10 ad blocking app with the sole purpose to make your browsing experience better and faster. Experience the web the way it is supposed to be, clean and fast. Vivio not only removes ads from the websites you visit in Safari , it also saves you data traffic and data traffic costs up to 50% and makes your battery lasts longer as a result.

• Ad blocking privacy protection

• Reducing data usage and costs

• Faster website loading

• Better battery life

• Continuous ad blocking rule updates

The company recently announced that it signed a letter of intent (LOI) to acquire Just Content Software. A due diligence review is underway and a final determination regarding this acquisition is anticipated within weeks.

By the LOI's terms, CYBF will acquire 100% interest in the Just Content App, software and underlying source code. Just Content is an efficacious and multi-functional ad blocking App currently available on iTunes (https://itunes.apple.com/app/id1031003372), that safeguards families and business, for example, from unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet with its proprietary ''Home Safe Filter'' and ''Business Filter'' products.

''CYBF aims to become a leader in developing cutting-edge ad-blocking protective software that keeps the Internet safe for families and business, which in our highly technological and immediate information-access society, is a significant concern. Acquiring Just Content furthers CYBF's commitment to provide the best and most effective ad-blocking software in the marketplace,'' said Daniel Cattlin, CYBF's CEO.

Under the terms of the LOI, Cyberfort Software will tender shares of its stock for Just Content and provide the capital to develop a Just Content App and further develop another exceptional synergistic product, Enterprise Suite, through the calendar year of 2018 and a negotiated development budget for 2019.

''Signing this LOI with Just Content is another strategic step forward for CYBF, as we continue to offer superior software solutions that create a safer online environment for both individuals and businesses.''

The cybersecurity market is expected to grow from 152.71 billion in 2018 to 248.26 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during 2018–2023. The major forces driving the cybersecurity market growth are strict data protection directives and rising cyber terrorism. The cybersecurity market is growing rapidly because of the rising need for cloud-based cybersecurity solutions among Small and Medium-sized Enterprises (SMEs).

According to a research by Gartner, worldwide enterprise security spending is projected to total $96.3 billion in 2018, representing an 8% increase from 2017.

While growing cyber-attacks don't bode well with most organizations, publicly listed companies operating in the cybersecurity industry such as Cyberfort Software, Inc. (OTC PINK: CYBF) are positioned to benefit immensely.

Source: www.otcinsider.com

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