CUEN – Cuentas Impending Game-Changing Acquisition of WHEN, Showcased as a Leading Cybersecurity Acquisition in 2023 by CSO's Annual Industry Review

Positioned for Remarkable Growth, the Acquisition by Cuentas Propels the Share Price of CUEN stock to $10, Marking an Astounding 760% Surge from the Previous Trading Day's Value.

MIAMI BEACH, FL, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (Nasdaq: CUEN & CUENW), the foremost developer of fully integrated cybersecurity, telecommunications, and financial applications for the unbanked and underbanked Hispanic market, is elated to announce its recognition in CSO magazine's esteemed annual roundup of top cybersecurity acquisitions for 2023. A link to the report can be found here (source CSO): Top cybersecurity M&A deals for 2023

CSO, a prominent news portal with a focus on cybersecurity, has featured the impending acquisition of WHEN Group (OTC Pink: WHEN) by Cuentas. This transaction is noteworthy for the financial dynamics involved as it sets CUEN $10 per share value, placing WHEN Group's market capitalization at an impressive $150 million as of its last trading day.

The contemporary landscape of heightened cyber threats has propelled Chief Information Security Officers (CISOs) into the limelight, and Cuentas' innovative solutions empower them to provide enhanced cybersecurity, fortifying digital ecosystems with confidence and efficiency. In response to the surging frequency and sophistication of cyberattacks, organizations worldwide are acknowledging the urgent need to bolster their defenses, with a remarkable 65% of forward-thinking enterprises committing to increased cybersecurity investments in 2023.

WHEN Group's advanced threat screening technology, leveraging pattern recognition and AI, reinforces Cuentas' commitment to innovative solutions. This technology is designed to defend critical communications and financial infrastructure against attacks and compromise, aligning with the growing demand for robust security measures.

Gartner's latest forecast predicts a 14% year-over-year increase in global spending on security and risk management, reaching $215 billion in the coming year. Organizations are allocating an increasing share of their technology budgets to cybersecurity, with 8% dedicated to it in 2023 compared to 5% in 2019. This emphasizes the critical need for organizations to enhance their cybersecurity programs amid escalating cyber risks in a dynamic operating environment.