Todd Streicher, the company’s vice president of business strategy, made the pitch yesterday to a crowd of fellow entrepreneurs, potential investors and others during the Early Stage Symposium.
“CyberNINES needs to expand quickly with hiring and training assessors, acquiring companies and putting dollars into marketing and software development,” he said.
He said the company’s sales efforts began in 2020, with a focus on Department of Defense suppliers. The business provides cybersecurity compliance services to companies aimed at preventing intellectual property theft, ransomware and other breaches.
Streicher explained the federal agency rolled out new cybersecurity compliance regulations after learning in 2016 that China had “reverse-engineered one of our most expensive and prized weapons, the F-35 Joint Strike Fighter, by hacking the DOD supply base.”
While the DOD’s mandate came soon after that discovery, Streicher said companies have been slow to respond due to the cost and complexity associated with compliance. To address that lag, CyberNINES is developing its platform to help companies achieve compliance by the time the new regulations take effect in 2023. Those that don’t would lose their contracts with the agency, he said.
“This is a big deal, because companies are not prepared … CyberNINES solves the problem quickly and affordably with a compliance software solution and a readiness journey program,” he said. “We’ve identified the standardized, repeatable process to get these companies compliant and protect their business.”