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CYBG (Cybergy Holdings, Inc.)


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cybg logoCybergy Holdings Inc. (CYBG) is a United States leader in cybersecurity, smart-grid technologies and renewable energy who provides premier assistance and advisory services and products to the Federal Government, state, local, and tribal governments, and other private clients.

Through its three wholly owned subsidiaries, known as New West Technologies, Cybergy Labs, and Primetrix, CYBG is committed to lead the way in clean energy, energy resilience, cybersecurity and smart gird technology to manage and secure the United States infrastructure and solve problems of the utmost important to the Federal Government.

According to CNN, a recent Obama administration report detailed there were an estimated 61,000 security breaches and cyber-attacks towards the federal government. Additionally, cyber incidents involving government agencies increased 35% from 34,000 to approximately 46,000 between 2010 and 2013. In fact, in July 2014, personal identifiable information including dates, places of birth, social security, and bank account numbers from over 100,000 people were hacked from the Energy Department and cost the U.S. Department nearly $4 million in lost productivity and credit monitor fees.

CYBG can help fight against the cyber hacks as its subsidiary, Cybergy Labs, is an award winning developer of specialized cyber security software application, known as SmartFile, that provides real time document intelligence to sensitive files with the inclusion of a new layer of security that monitors human interaction of the digital document. Presently, the company has Launched a New Cyber Security Application to combat against all the levels of attack. Similarly, the company’s other subsidiary, New West Technologies, specializes in systems analysis and deployment, program planning and evaluation, environmental analysis, engineering systems and more.

As a result of its premier products and services, current and previous clients of the company include the U.S. Department of Defense, U.S. Department of Energy, U.S. General Services Administration U.S. Department of Health and Human Services, U.S. Air Force, U.S. Navy, and more and has Current Active Contracts Valuing over $33.2 million. Additionally, CYBG has recently been Awarded a $500 million Contact by the U.S. Department of Health and Human Services to conduct data collection and analysis, program assessments and performance measurements and more.

 

Symbol: CYBG [ Current PPS: $1.18 Outstanding Shares: 20.8M Float: 3.1M – a/o May 26, 2015 ]

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Website(s): www.cybergypartners.com

 

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  • According to CNN, a recent Obama administration report detailed there were an estimated 61,000 security breaches and cyber-attacks towards the federal government.
  • Cyber incidents involving government agencies increased 35% from 34,000 to approximately 46,000 between 2010 and 2013.
  • The recent Obama administration also reported federal government agencies spent $10 billion on information security however; President Obama is currently seeking to Boost the Budget to $14 billion to better protect the federal and private networks as well as a $15 million grant for the FBI training and technical assistance program that assists local law enforcement fight against high technology, economic, and internet crimes, and a $28 million budget for the Agriculture Department’s Chief Information Officer to improve agency cybersecurity.
  • The White House is also seeking a $160 million request for the Energy Department’s National Nuclear Security Administration to enhance the information technology and cybersecurity of the weapons program.
  • The Pentagon’s budget alone is calling for $5.5 billion in funding for cybersecurity w
  • Last month, the State Department had shut down their email system for a few days due to a hack of unclassified networks at the State Department and White House.
  • In July 2014, personal identifiable information from over 100,000 people were hacked from the Energy Department including dates, places of birth, social security, and bank account numbers.
  • The hack cost the U.S. government nearly $4 million in lost productivity and credit monitoring fees.
  • The director of information security issues at the Government Accounting Office, Greg Wilshusen, was one of the people affected by the cyberattack and believes the “federal government’s information technology is not as secure as it should be.”
  • The Inspector General for Tax Administration at the Treasury Department states protecting taxpayer and employee data is the most pressing challenge the U.S. Internal Revenue Service currently has.
  • The IRS currently uses automated systems to process returns and if breached, the possibility exists of billions of dollars being taken and erasing the system thus crippling the IRS system.

 

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