EQS-News

ALSO partners with CYE: HyverLight helps SMBs to Achieve Cyber Resilience

EQS Group-News: ALSO Holding AG / Key word(s): Alliance ALSO partners with CYE: HyverLight helps SMBs to Achieve Cyber Resilience 02.06.2021 / 14:53 Emmen, Switzerland, 02. June 2021 PRESS RELEASE   ALSO partners with CYE: HyverLight helps SMBs to Achieve Cyber Resilience CYE, the industry leader in cybersecurity optimization platforms, announced the launch of its new cloud-based cybersecurity optimization platform, HyverLight, on CTV. This offering makes enterprise-level protection available for small and medium-sized businesses. Through ALSO's Cloud Marketplace (ACMP) HyverLight will be available in 90 countries worldwide.

In recent years, SMBs have seen a drastic increase in cyberattacks, which has accelerated exponentially since the onset of Covid-19 and the explosion of eCommerce companies. Today, 43% of all cyberattacks target small businesses. SMBs lose over $2.2 million USD on average a year due to cybersecurity breaches, and 60% of them go out of business within 6 months of falling victim to cybercrime. "Today's cyberattacks can destroy the core of any small and medium-sized business, taking many key players out of the market, ultimately having negative repercussions on the larger economy," said Reuven Aronashvili, Founder and CEO of CYE. "CYE provides SMBs with an accurate cybersecurity approach that will assess real threats to their business and provide needed protection without breaking the bank. We are happy to be partnering with ALSO Holding AG to help as many SMEs as possible in their cyber transformation."

HyverLight is designed to provide a continuous automated cybersecurity assessment of main threat environments for SMEs by using advanced algorithms and graph modeling that conduct precise cybersecurity assessments covering the entire organization and third-party vendors. The platform offers a single enterprise-level solution enabling companies to prevent attacks before they occur and gain insight on where limited resources should be invested.