TORONTO, ONTARIO, CANADA, October 8th, 2019 - Nerds On Site Inc. (“NERDS” or the "Company") (CSE: NERD) (FSE: 3NS.F) (QTCQB: NOSUF), a mobile IT solutions company servicing the SME marketplace, announces that it is increasing its focus on its cybersecurity services to protect existing and new clients.
“In a climate where there are significant increases in cybersecurity attacks, and with 43% of cyber attacks aimed at small business (Small Business Trends), NERDS has made it a priority to provide best of class cybersecurity services,” said NERDS CEO, Charles Regan. “In development for the past 3 years, our CyberSecurity Defence and Response programs protect existing clients and rescue new clients who are under attack.”
- The information security market is expected to grow 8.7% in 2019 to $124 billion, driven in part by spending on consultation and implementation services related to the European Union’s (EU’s) General Data Protection Regulation (GDPR) and other privacy legislation (Computer Weekly)
- 43 percent of cyber attacks are aimed at small businesses (Small Business Trends)
- 230,000 new malware samples are produced every day — and this is predicted to only keep growing (Panda Security)
- It takes most companies over six months, or around 197 days to detect a data breach (ZD Net)
- Damage related to cybercrime is projected to hit $6 trillion annually by 2021 (CyberSecurity Ventures)
- More than 4,000 ransomware attacks occur every day (FBI)
- It is estimated there will be a ransomware attack on businesses every 14 seconds by the end of 2019, up from every 40 seconds in 2016
- The global damage costs connected with ransomware attacks is estimated to reach $11.5 billion in 2019 (Cybersecurity Ventures)
NERDS CyberSecurity protocols take a SECURITY FIRST MINDSET. Traditionally IT Security came as an after thought, as an additional layer to good IT infrastructure practices. Security in context is now more fundamental than all other IT infrastructure.
“It is unfortunate that we operate in such a climate, however, we are placing a strong emphasis on this segment of the IT sector, recognizing that it is critical to address the threats in a comprehensive way - and as a result we have a very large business opportunity,” said Mr. Regan.
For further information please contact:
Mr. Charles Regan, CEO of Nerds On Site
Please visit www.investors.nerdsonsite.com
Call 1-877-778-2335, or email IR@nerdsonsite.com.
About Nerds On Site:
Nerds On Site, a company founded in 1995, specializes in providing cost effective, leading edge solutions to small and medium sized enterprise (“SME”), serving as the complete SME IT solution specialists. Nerds On Site was established in London, Ontario with current annual revenues of approximately $10,000,000 with normalized net earnings of about $100,000.00. The Company services over 12,000 clients per year with a superb 96.5% customer satisfaction rating. NERDS’ business model is based on Nerds sub-contractors in Canada and a franchise model for USA expansion.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements - Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
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