NetworkNewsBreaks – SideChannel Inc. (SDCH) Rele
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Posted On: 12/21/2022 5:01:27 PM
NetworkNewsBreaks – SideChannel Inc. (SDCH) Releases Fiscal Year 2022 Report, Featured in CBC News Interview
SideChannel Inc. (OTCQB: SDCH), a provider of cybersecurity services and technology for emerging and middle market companies, reported on its fiscal year ended Sept. 30, 2022. Highlights of the report include revenue for the company reaching $4.8 million, a 71% increase over 2021, with vCISO revenue totaling $3.1 million, an increase of 93% over 2021. SideChannel’s recurring vCISO revenue reportedly increased by 562% and recurring software and services revenue increased by 367%. “Our 2022 performance demonstrates our continued strength and position in the market across both product and service delivery,” said SideChannel CEO Brian Haugli in the press release. “Our investments in sales and marketing, coupled with our expanding cybersecurity, privacy and risk management capabilities, have proven to be effective at acquiring new clients and retaining existing relationships.”
In addition, SideChannel CEO Brian Haugli, who previously served as a cyber security leader with the U.S. Department of Defense, was featured as an expert along with cyber security consultant Alana Staszcyszyn in a recent interview published by CBC News. The piece covers discussion regarding TikTok, which is owned by a Chinese company, and questions that are being raised as to whether the Chinese government might exploit the platform’s security issues. American lawmakers this week banned TikTok from U.S. government devices, and there is a proposal in the United States to ban it outright. “So, obviously, it’s a social media app that can be installed on Android or Apple phones and devices. I think that the primary issue with that is its ability to look at and see and store your location with GPS, the networks that you’re on, even be able to look at badge notifications,” Haugli said in responding to how concerned users should be about having the app on their devices. “So, if you get a message from a friend, your mom or someone else, it has the ability to read that because you granted those permissions to the TikTok application on your phone. And when you really kind of dig into all the permissions that are in there, I don’t think it’s something that most users are either aware of or willing to hand over to a company that’s owned and housed inside of China.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SideChannel Inc. (OTCQB: SDCH), a provider of cybersecurity services and technology for emerging and middle market companies, reported on its fiscal year ended Sept. 30, 2022. Highlights of the report include revenue for the company reaching $4.8 million, a 71% increase over 2021, with vCISO revenue totaling $3.1 million, an increase of 93% over 2021. SideChannel’s recurring vCISO revenue reportedly increased by 562% and recurring software and services revenue increased by 367%. “Our 2022 performance demonstrates our continued strength and position in the market across both product and service delivery,” said SideChannel CEO Brian Haugli in the press release. “Our investments in sales and marketing, coupled with our expanding cybersecurity, privacy and risk management capabilities, have proven to be effective at acquiring new clients and retaining existing relationships.”
In addition, SideChannel CEO Brian Haugli, who previously served as a cyber security leader with the U.S. Department of Defense, was featured as an expert along with cyber security consultant Alana Staszcyszyn in a recent interview published by CBC News. The piece covers discussion regarding TikTok, which is owned by a Chinese company, and questions that are being raised as to whether the Chinese government might exploit the platform’s security issues. American lawmakers this week banned TikTok from U.S. government devices, and there is a proposal in the United States to ban it outright. “So, obviously, it’s a social media app that can be installed on Android or Apple phones and devices. I think that the primary issue with that is its ability to look at and see and store your location with GPS, the networks that you’re on, even be able to look at badge notifications,” Haugli said in responding to how concerned users should be about having the app on their devices. “So, if you get a message from a friend, your mom or someone else, it has the ability to read that because you granted those permissions to the TikTok application on your phone. And when you really kind of dig into all the permissions that are in there, I don’t think it’s something that most users are either aware of or willing to hand over to a company that’s owned and housed inside of China.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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