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Vancouver, British Columbia and San Diego, California--(Newsfile Corp. - December 2, 2024) - CyberCatch Holdings, Inc. (TSXV: CYBE) ("CyberCatch'' or the "Company"), a cybersecurity company offering an AI-enabled platform solution for compliance and cyber risk mitigation, highlighted today how its unique solution protects drinking water systems from falling victim to a cyberattack causing severe damage to the economy.
The U.S. Environment Protection Agency (EPA) Office of Inspector General (OIG) issued a report on November 13, 2024, revealing that over 70 per cent of inspected water systems fail to comply with legal cybersecurity requirements and an alarming level of cybersecurity vulnerabilities have been discovered at drinking water systems across the U.S. with severe risk to the economy.
There are 51,000 water systems that serve approximately 300 million people in the U.S. Of the 1,062 drinking water systems serving over 193 million people in the U.S. that the EPA OIG scanned for vulnerabilities, 308 systems had cybersecurity vulnerabilities that attackers could exploit to cause loss or denial of service or theft of customer or proprietary data, impacting 109.3 million people.
According to U.S. Water Alliance, a one-day disruption in water service across the U.S. could jeopardize $43.5 billion in economic activity.
CyberCatch's Software-as-a-Service (SaaS) solution enables continuous compliance and cyber risk mitigation with a comprehensive value proposition consisting of:
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A visual attack surface map discovery of the entire system that attackers can exploit
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AI-enabled benchmarking and gap analysis to legal cybersecurity requirements
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Expert cybersecurity controls remediation via fractional CISOs
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Implementation of all necessary cybersecurity controls to attain full compliance
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Incident response plan and testing of the plan via cyberattack simulation
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Continuous three dimensional automated cybersecurity controls testing (outside-in, social engineering and inside-out) and remediation
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Continuous threat analysis and expert guidance via fractional CISOs
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Ongoing cybersecurity awareness training of the human firewall
"Drinking water systems are a high value target for cyber attackers for disruption and financial gain, since they are the lifeline to the economy with severe potential impact but often lack resources and technical knowledge to adopt adequate cybersecurity practices," said Sai Huda, CEO, CyberCatch.
"However, with CyberCatch, now every single drinking water system, no matter their size or location, can quickly attain compliance with requirements and stay safe from cyber threats."