NEW YORK, Feb. 26, 2019 (GLOBE NEWSWIRE) -- SmallCapTips News Commentary – Cybersecurity stocks have outperformed sharply year to date and further upside is possible this year alongside a potential ramp up in security spending and as 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).
Cyberfort Software, Inc. (OTC: CYBF) is well positioned for future growth in its business and its stock price
Cyberfort Software, Inc. has increased its presence in cybersecurity since its first acquisition, known as “Vivio,” is an innovative Artificial Intelligence (AI)-driven application, enhancing the security and privacy of users by focusing on Ad-Blocking and Content Filtering. The Vivio app enables users to experience browsing the web faster and cleaner, without compromising their online safety. Vivio not only removes ads from the websites users visit in Safari, it also has been shown to save on data traffic and roaming data traffic costs up to 50% and as a result allows longer battery life of portable devices. Vivio currently serves over 10,000 unique users across iPhone, iPad, and Mac.
Cyberfort will immediately begin utilizing Vivio’s existing users as base to test and develop a suite of enterprise tools and security solutions. The company is also pursuing the acquisition of Just Content Software, an ad-blocking app available on iTunes that is designed to safeguard families and businesses alike. The app’s ability to block unsafe links, adult-content, phishing sites and inflammatory hate speech are all features that fall in line with the company’s commitment to provide the best and most effective ad-blocking software in the marketplace.
“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.
Given the persistent cyber-attacks it’s a good idea to focus on some cyber security stocks like Cyberfort Software, Inc. (OTC: CYBF), Proofpoint, Inc. (PFPT) and Fortinet, Inc. (FTNT) that are most likely to benefit from the rising security breach issues.
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