AI and Cybersecurity Stocks in Play - Scope AI (CSE: $SCPE.CN) (OTCQB: $SCPCF), BlackBerry (TSX: $BB.TO), CrowdStrike
(NASDAQ: $CRWD), Zscaler (NASDAQ: $ZS)
July 10, 2024 – Investorideas.com, a global investor news source covering Artificial
Intelligence (AI) and cybersecurity
stocks releases a snapshot looking at how AI will shape the future landscape of
cybersecurity and some of the companies, including Scope
AI Corp. (CSE: SCPE) (OTCQB: SCPCF)
(FSE: VN8), aiming to be on the leading edge of this technology
revolution.
Scope AI Corp. is a leading technology company headquartered
in Vancouver, British Columbia, dedicated to advancing the field of artificial
intelligence. With a focus on visual recognition and neural network technology,
Scope is committed to empowering businesses and industries with innovative
solutions that drive growth and innovation.
According to Dimensional Market Research, “The Global AI in Cybersecurity Market size
reached USD 22.1 billion by 2023 and is further anticipated to reach USD 147.5
billion by 2033 according to Dimension Market Research. The market is
anticipated to register a CAGR of 20.8% from 2023 to 2033.”
What is the current opportunity? 55% of companies globally
are planning to utilize AI to enhance corporate cybersecurity in 2024 says Market.us.
Building on its current technology base, Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF)
(FSE: VN8) this week announced that it has entered into a technology
agreement with Ovryde, whereby Ovryde
has agreed to transfer it ownership and rights relating to delivery and
application of quantum resilient entropy.
This content is paid news dissemination
on behalf of Scope AI.
Read this article featuring SCPE in
full at https://www.investorideas.com/news/2024/technology/07101AI-Cybersecurity-Stocks.asp
Quantum resilient entropy is an advanced security measure designed
to protect data against the future threats posed by quantum computing, ensuring
that sensitive information remain secure in an increasingly digital world.
Scope AI says some of the key
benefits of the acquisition include:
Immediate Expansion: This acquisition broadens Scope AI's
cybersecurity offerings by integrating Ovryde's advanced quantum security
technologies, providing more comprehensive solutions for clients.
Addressing New Threats: With the QSE Technology, Scope AI
can tackle emerging quantum-computing threats, ensuring robust protection for
sensitive data in transit and at rest.
Efficient Synergies and New Revenue Streams:
Faster Deployment: The integration of QSE Technology creates
synergies that enable faster and more efficient deployment of solutions.
New Revenue Opportunities: This opens new revenue streams by
catering to industries with stringent data security needs, such as finance,
healthcare, and government sectors.
Regulatory Compliance and Future-Readiness:
Meeting Regulations: Helps clients comply with new and
evolving regulatory standards for quantum-resistant encryption and data
protection.
Future-Proof Solutions: Prepares businesses for future
quantum-computing advancements with robust and scalable security solutions.
Market Leadership and Innovation:
Leading the Market: Positions Scope AI as a leader in
quantum-resilient security solutions, setting it apart from competitors.
Sustainable Growth: Provides a foundation for sustainable
growth by continuously adapting to technological advancements in cybersecurity.
James Young, CEO of Scope AI Corp. stated, "We are
pleased to announce the acquisition of the QSE Technology. The product suite is
established, complete, and ready to onboard customers now. This acquisition
enables us to provide our customers with extremely robust security solutions
that are easy to integrate into existing infrastructures. With the QSE
Technology, we can address the emerging threats posed by quantum computing and
ensure our clients are prepared for the future of digital security."
More from the news: The QSE Technology product suite
offers API-based quantum-resilient entropy as a service and encrypted cloud,
on-premise, and decentralized storage solutions. At its core, the platform provides
a proprietary high-performance data-pipeline that can scale vertically and
horizontally to protect private, business, and government applications with
highly sensitive data in transit and at rest. The QSE Technology prod ct suite
uniquely protects digital assets against current and future cyber security
threats and quantum-computing decryption attacks.
Under the terms of the Technology Agreement, Scope will
acquire Ovryde’s ownership and rights relating to the QSE Technology. In
consideration of the QSE Technology, Scope has agreed to pay to Ovryde $400,000
and issue to Ovryde 2,800,000 common shares of the Company on closing of the
transaction.
In late June, BlackBerry Limited (NYSE: BB) ( TSX: BB) released its latest Global Threat Intelligence Report, revealing that
BlackBerry® cybersecurity solutions detected and stopped 3.1 million
cyberattacks (37,000 per day) in the first quarter of 2024.
From the news: Between January and March 2024, BlackBerry detected 630,000 malicious hashes,
representing a 40 percent increase from its previous reporting period. Sixty
percent of attacks targeting industry were directed at critical infrastructure,
including government, healthcare, financial, and communication industries, of
which 40 percent targeted the financial sector.
In May BlackBerry Limited (NYSE: BB) (TSX: BB) introduced the new and expanded CylanceMDR™, offering
comprehensive Managed Detection & Response (MDR) protection powered by the
award-winning Cylance® AI platform and augmented with award-winning security
operations center analysts for 24x7 threat coverage.
From the news: CylanceMDR (formerly CylanceGUARD®) now offers three new packages –
Standard, Advanced, and On-Demand. Each package is designed to address the
unique cybersecurity challenges businesses face today, from industry-leading AI
detection to expert support, providing a comprehensive solution for all.
"CylanceMDR offers more than just industry-leading technology;
you're getting a true AI-driven MDR fueled by proprietary threat intelligence.
But we know it's not enough to have the right technology. The key is having the
right team to back you up," said Nathan Jenniges, SVP and General Manager
at BlackBerry Cybersecurity. "Our philosophy is to combine our technical
excellence with our human expertise to provide unparalleled support to
organizations of any size. By partnering with our award-winning SOC team,
you're essentially augmenting your team with ours, capable of managing the full
spectrum of cybersecurity challenges."
CylanceMDR includes hands-on onboarding, alert triage, investigation,
managed threat hunting, digital forensics, comprehensive incident response, and
critical event management. It's also supported by advisory and tuning services
and is backed by a $1M guarantee.
In late May, CrowdStrike (Nasdaq: CRWD) and
Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, announced an expansion of their strategic partnership, connecting their platforms
to enhance security from the device to the network, accelerate Security
Operations Center (SOC) transformation, and stop breaches at scale. Now
combining cloud-native, market-leading Zero Trust protection and connectivity
from Cloudflare One™ with best-in-class AI-native cybersecurity from
CrowdStrike Falcon® Next-Gen SIEM on the CrowdStrike Falcon® cybersecurity
platform, joint channel partners can drive vendor consolidation while reducing
cost and operational complexity for customers worldwide.
From the news: Today’s adversaries are moving faster than ever across growing threat
vectors. Organizations are attempting to manage an array of cybersecurity tools
and alerts, and as a result are facing complex, if not already compromised,
internal networks. According to Gartner®, "The challenge is intensified by
the growing arsenal of security tools designed to address individual security
threats in isolation. This drives up the complexity of evaluating, managing and
integrating these tools as part of a coherent security strategy."1 It’s
critical for organizations across all sectors to have an AI-powered
cybersecurity platform that connects remote users, offices, and data centers to
converge data, security, and IT, with workflow automation to stop adversaries
from moving laterally and further into systems.
Continued: CrowdStrike and Cloudflare are leveraging channel partnerships to
deliver a fully integrated solution to global customers from a single API. The
powerful combination of cybersecurity from the Falcon platform with Zero Trust
protection from Cloudflare delivers the full-scope capabilities SOC teams need
to detect and respond to attacks across network, devices, endpoints, cloud,
identity, data, and applications.
"CrowdStrike revolutionized cybersecurity with a modern, AI-native
platform focused on stopping the breach. Our ability to execute on this mission
and continually innovate across critical areas of enterprise risk is why we’re
recognized as cybersecurity’s born in the cloud leader by industry analysts and
customers," said Daniel Bernard, Chief Business Officer at CrowdStrike.
"The rich dataset from our Falcon platform paired with Cloudflare’s robust
Zero Trust capabilities provides unprecedented value for global customers.
Together, we are converging two of the most critical pieces of the risk
management puzzle that organizations of every size must address in order to
combat today’s growing threats."
Zscaler, Inc. (NASDAQ: ZS), a leader in
cloud security, recently announced a collaboration with NVIDIA (NASDAQ: NVDA) to accelerate
AI-powered copilot technologies. Zscaler will leverage NVIDIA AI technologies
to deliver new user experience and security-centric copilot services to the
enterprise. The introduction of new AI capabilities, leveraging NVIDIA NIM
inference microservices, NVIDIA NeMo Guardrails, and the NVIDIA Morpheus
framework, will dramatically increase the ability to process data from the Zero
Trust Exchange™ platform, further enhancing Zscaler copilot’s ability to proactively
defend enterprises against cyber threats and simplify IT and network
operations.
From the news: The rapid advancement of AI is becoming a primary game-changer to
accelerate cybersecurity innovations. To effectively manage IT operations and
combat threats at scale, enterprises must fully harness their massive volumes
of data to equip an offensive and proactive security posture. The new Zscaler
ZDX Copilot, a first-of-its-kind digital experience monitoring copilot, with
NVIDIA NeMo Guardrails, offers network, device, and application performance
insights to enable simplified IT support and operations at scale. NeMo
Guardrails orchestrates dialog management, delivering accuracy,
appropriateness, and security in smart applications with large language models
(LLMs). It helps safeguard organizations by overseeing generative AI systems.
Cyber threats are increasing and evolving, so cybersecurity
is always in a state of advancement to keep up.
Turning to AI to beat the game may be the only solution in this
technology revolution we are witnessing. For investors, it is a fast-paced
sector to watch and trade – but maybe AI can help find solutions there as well.
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a list of cybersecurity stocks on Investor Ideas visit
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