14:46:44 EDT Tue 14 May 2024
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Cybercatch Holdings Inc
Symbol CYBE
Shares Issued 56,921,659
Close 2023-11-14 C$ 0.055
Market Cap C$ 3,130,691
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Cybercatch rolls out product for U.S. HICP compliance

2023-11-14 11:33 ET - News Release

Mr. Sai Huda reports

CYBERCATCH LAUNCHES INNOVATIVE SOLUTION TO ENABLE COMPLIANCE WITH NEW U.S. DEPARTMENT OF HHS ISSUED HEALTH INDUSTRY CYBERSECURITY PRACTICES TO THWART THE EPIDEMIC OF HEALTHCARE CYBERATTACKS TARGETING OVER 26,000 HEALTHCARE ORGANIZATIONS

Cybercatch Holdings Inc. has launched an innovative solution to enable compliance with the Health Industry Cybersecurity Practices (HICP), issued by the United States Department of Health and Human Services (HHS), with support from Department of Homeland Security (DHS) and the Cybersecurity and Infrastructure Security Agency (CISA).

There over 6,000 hospitals and over 20,000 other health care organizations in the United States, which are now increasingly the target of cyberattackers. Key facts impacting the health industry:

  • On average, 58 cyberattacks monthly;
  • On average, $9.23-million cost of a data breach;
  • Already in 2023, over 71 million patients' sensitive medical information have been breached.

Attackers are easily exploiting weak or missing cybersecurity controls to make intrusion into the network, stealing sensitive patient data, installing ransomware and demanding a ransom payment.

This is why the HHS with the support of DHS and CISA issued the new Health Industry Cybersecurity Practices to prescribe cybersecurity controls for all health care organizations to implement in order to mitigate cyber-risk:

  • For small organizations (one to 10 physicians or one to 50 beds hospital), minimally 22 controls;
  • For medium and large organizations (over 11 physicians or over 51 beds hospital), minimally 72 controls.

Cybercatch's innovative health care compliance manager solution enables all health care organizations to cost-effectively comply with the HICP. Cybercatch's solution comprises:

  • Workflow engine for compliance risk assessment;
  • All prescribed controls organized by domains;
  • Compliance tips;
  • AI (artificial intelligence) adviser for detailed guidance and to answer any questions;
  • Policy and procedure templates;
  • Charts, reports and evidence repository.

"Cybercatch is once again at the forefront with an innovative solution. Our health care compliance manager enables the over 26,000 health care organizations in the U.S. to comply with the HICP and implement prescribed cybersecurity controls efficiently and effectively. Cybersafety is patient safety. Cybercatch's solution is a must-have cyber-risk mitigation solution for all health care organizations, no matter their type, size or location," said Sai Huda, founder and chief executive officer, Cybercatch.

About Cybercatch Holdings Inc.

Cybercatch Holdings provides a proprietary, AI-enabled software-as-a-service (SaaS) solution that provides continuous compliance and cyber-risk mitigation to organizations in critical segments, so they can be safe from cyberthreats.

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