Undiscovered Cyber Security Company Visium Technologies, Inc. (OTCPK: VISM) Recently Announced They Will Bring Military-Grade Data Analytics and Visualization Capabilities to the Public Sector!
In 2021, thousands of new cybersecurity incidents were recorded.
In fact, the Identity Theft Research Center (ITRC) reported a staggering increase of 68% in the number of recorded data breaches last year in comparison to 2020, hitting 1,862 breaches reported, an all-time high.
Cyberattacks alarmingly happen so often that recent reports show hackers attack a computer in the US every 39 seconds!
Cyber attacks can affect anyone and with constantly evolving and growing technology, the risk for attacks become greater.
According to recent data, businesses are the victim of 4,000 plus cyber-attacks a day.
What does this mean? The need for effective cyber security is at an all-time high.
Internet of Things
Pinpoint threat identification..
The company knows that it is important to have a team of experts to understand and protect in the face of cyber-attacks.
In December of 2021, VSIM partnered with Carahsoft Technology Corp., the Trusted Government IT Solutions Provider®.
The recent partnership with Carahsoft will integrate TruContext with Carahsoft’s customers.
Carahsoft will help to support Public Sector organizations across Federal, State and Local Government agencies Education and Healthcare markets.
All of this points to the NEED for better cyber security!
Cyber attacks happen more often than you think and can affect any individual, company, and even the government! In fact, a cyber attack occurs every 39 seconds! This means 1 in 3 Americans every year will become the victim of a cyber attack.
Cyber attacks are expensive and can run small businesses into the ground only six months after experiencing a data breach. Cybercrime costs organizations $2.9 million every minute, and major businesses lose $25 per minute as a result of data breaches, according to RiskIQ research.
All of this is why cybersecurity is more important now than ever before. It makes sense, as technology grows, so does the crime rate.
An example of the catastrophic effects of data breaches is the Equifax attack. Back in 2017, Equifax, one of the three largest credit reporting agencies reported a data breach that left their 148 million customer’s sensitive data compromised and vulnerable.
Some of the sensitive material included, social security numbers, home addresses, date of birth, and driver’s license numbers. Even worse, the credit card numbers of over 200,000 consumers were also breached.
This MASSIVE data breach ended up costing the company over $4 billion!! This, and many other large-scale data breaches, really make a strong case for more diligent and advanced cyber security.
Other examples of high profile breaches include Colonial Pipeline, Solar Winds
According to Cybersecurity Ventures, global spending on cybersecurity products and services is predicted to reach $1.75 trillion cumulatively for the five-year period from 2021 to 2025.
This is a huge change from previous years where the global market for cybersecurity only sat at $3.5 billion in 2004. Fast-forward to today and the global market for cybersecurity has become one of the fastest growing sectors in the economy!
Cybersecurity stocks are outperforming, rising at about 51% year to date according to Forbes.
An example would be: Fortinet, a company that provides cybersecurity-related hardware such as firewalls and software. The company has been a strong performer in the stock market, rising by about 124% year-to-date on account of strong quarterly results and its ongoing pivot to the cloud. The stock is also up by over 3x from pre-Covid levels.
This outperformance and rise can be attributed to the growing interest in cybersecurity due to recent, high-profile data breaches that have cost companies BILLIONS of dollars.
ABOUT THE COMPANY
Visium Technologies, Inc. is focused on automation, big data analytics, advancing predictive technology, and visualization that takes an analytics-driven risk-based approach to cybersecurity to support enterprises in protecting their most valuable assets: their data, applications, and IoT on their networks and in the cloud.
TruContext™ powered by Mitre’s Cygraph simplifies cybersecurity by visualizing your network security posture throughout an attack. Their tool accomplishes this by utilizing the following features:
The dynamically evolving attack graph maps potential attack paths through a network. This includes any network attributes that potentially contribute to attack success, such as network topology, firewall rules, host configurations, and vulnerabilities.
Visualize Real Time Events
Every event happens at a point or duration in time. Successful investigations need to understand how those events unfold, and how they’re linked. With TruTime, the interactive timeline feature, you can quickly see when something happened, allowing further investigation into what changed at that specific point in time.
Threat Hunting and Threat Detection
Common Vulnerability Scoring System
Common Weakness Enumeration (CWE™)
The MITRE ATT&CK Framework is a curated knowledge base that tracks cyber adversary tactics and techniques used by threat actors across the entire attack lifecycle. The framework is meant to be more than a collection of data: it is intended to be used as a tool to strengthen an organization’s security posture.
ATT&CK Matrix for Enterprise: Tactics and Techniques
It’s important to understand how MITRE ATT&CK defines tactics and techniques. When looking at ATT&CK in the form of a matrix, the column titles across the top are tactics and are essentially categories of techniques. Tactics are the what attackers are trying to achieve whereas the individual techniques are the how they accomplish those steps or goals.
Tactics: Describes the immediate technical objectives (the “what”) attackers are trying to achieve, such as gaining Initial Access, maintaining Persistence, or establishing Command and Control.
Techniques: Describes the “how”—the methods attackers use to achieve a tactic. All tactics in each matrix have multiple techniques; the Enterprise matrix breaks some techniques down further into sub-techniques.
What Can be Accomplished with MITRE ATT&CK?
MITRE ATT&CK is a highly detailed repository of information about real-world adversary groups and their known behavior. Unlike other models written from a defender’s perspective, ATT&CK takes an attacker’s point of view to help organizations understand how adversaries successfully execute attacks.
The MITRE ATT&CK Framework and Visium Analytics
Visium Analytics has recently launched its integration with the MITRE ATT&CK Framework, which now, along with TruContext, delivers insight into exactly where to focus efforts during any phase and state of a cyber-attack. The phases could be anywhere from catching compromises in real-time at the pre-attack point to high velocity root cause analysis at the breach point. Combined with ATT&CK, Visium Analytics is uniquely positioned to deliver immediate and human understandable focus of an attack radius so that time limited resources, cyber professionals, can zero in on highest impact targets and priorities.
The Company Team
Chief Solutions Architect
Vice President, Operations
Dr. Emmanuel Esaka
The cyber security market has seen increasing growth over the last decade, which can be attributed to large scale data breaches in recent years.
Companies like VISM are essential to businesses, healthcare systems, the government, and all individuals.
The company is focused on providing innovative data visualization, cybersecurity technologies and solutions to protect and secure the operating landscape of the enterprise and their data.
VISM’s growth narrative looks like it is only now starting!
The company also only recently announced their partnership with Carahsoft Technology Corp., the Trusted Government IT Solutions Provider® to bring Military-grade data analytics and visualization capabilities to the Public Sector!
Visium Technologies, Inc. (OTC PINK: VISM)’s TruContext, is able to simplify cybersecurity with its revolutionary technology, making the company an exciting cyber technology company to have high on your list!
The market growth for cybersecurity is predicted to reach USD 366.10 Billion by 2028 and $433.6 billion by 2030!!
Cybersecurity is one of the FASTEST growing sectors to date.
All of this makes VISM an important player!
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