24/7 Market News Snapshot 22 August, 2024 – CISO Global, Inc. Common Stock (NASDAQ:CISO)

August 22, 2024

DENVER, Colo., 22 August, 2024 (247marketnews.com) – (NASDAQ:CISO) are discussed in this article.
CISO Global, Inc. (NASDAQ:CISO), a prominent player in the cybersecurity domain, has shown a notable decline in stock performance today, with shares trading at $0.499, a decrease of 11.18% from an opening price of $0.575. Investor activity has surged, as evidenced by a trading volume of 25.86 million, which suggests significant interest from market participants. Key support levels appear to hover around $0.414, while resistance may manifest near the current opening price. These technical indicators will be essential for analysts as they project potential future price movements.

In a positive development amidst the volatility, CISO Global announced remarkable success with its AI-powered CISO Edge security platform during the 2024 Black Hat USA and DEF CON 32 conferences. The platform effectively blocked over 87,000 unique cyber attack attempts within just six hours. This marks the second consecutive year of outstanding performance for CISO Edge, following last year’s impressive prevention of more than 127,000 attempted hacks with no breaches reported.

Valued at over $50 million, CISO Edge serves as a critical component of the company’s advanced cybersecurity software offerings. It has garnered recognition for its capacity to fortify both external defenses and enhance the resilience of internal networks against persistent ransomware threats. The platform’s innovative feature that identifies the origins of attacks in real time significantly optimizes remediation processes, thereby strengthening overall security.

David Jemmett, CEO of CISO Global, expressed confidence in the platform’s capabilities, highlighting its essential role in orchestrating various security solutions to bolster defenses against attacks. As cyber threats advance, CISO Global remains committed to reinforcing its cybersecurity solutions, ensuring it addresses the evolving challenges of the digital landscape effectively.

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