CISO Global, Inc. is a cybersecurity firm providing managed security, compliance, incident response, and proprietary AI-driven security software solutions with over 475 clients, employing 143 staff, and approximately $30.8 million in revenue in 2024, but operating with significant net losses.

# Company Overview: CISO Global, Inc.

## Business Focus
CISO Global, Inc. is a cybersecurity, compliance, and software firm specializing in providing comprehensive security solutions to organizations. The company emphasizes building a world-class team of cybersecurity professionals and developing proprietary, technology-agnostic tools to address the global shortage of qualified cybersecurity and compliance talent.

## Services Offered
- **Managed Security Services**: 
  - Continuous threat monitoring  
  - Security Operations Center (SOC) support  
  - Incident response and digital forensics  
  - Regulatory compliance assistance (e.g., CMMC, FedRAMP, FISMA, HIPAA, HITRUST, ISO, NIST)  
- **Professional Services**: 
  - Risk assessments and IT audits  
  - Penetration testing (red and purple team)  
  - Security training and certifications (CMMC, CompTIA, ISC2)  
  - Cybersecurity incident response and forensic investigations  
- **Cybersecurity Software Products**:
  - **CISO Edge**: AI-driven cloud security protecting against sophisticated threats like ransomware, with proactive attack blocking (notably blocked 87,000 attacks at DEF CON 32)  
  - **CHECKLIGHT®**: Endpoint monitoring software that detects malicious activity such as malware, viruses, and ransomware  
  - **Argo**: Centralized security data management platform aggregating threat intelligence and security data from various sources  
  - **DISC**: AI and ML-based breach assessment tool for ongoing security analysis  
  - **Other solutions**: Next-generation VPN, proprietary breach assessment, and security management tools  
  
## Market Position & Strategy
- Focuses on acquisitions, developing proprietary IP, and expanding service scope and geographical reach.
- Serves over **475 clients** across diverse sectors.
- Has only penetrated approximately **20% of its client base** for multiple services, indicating significant cross-selling opportunity.
- Differentiates through a **technology-agnostic approach**, proprietary software, and a focus on attracting top cybersecurity talent.
- Maintains a **channel and partnership ecosystem** for client acquisition and service delivery.

## Financial Overview (as of December 31, 2024)
- **Employees**: 143 (141 full-time)
- **Total Revenue**: approximately **$30.8 million** (2024)
- **Gross Profit**: approximately **$4.5 million** (2024)
- **Net Operating Loss**: approximately **$24.2 million** (2024)
- **Working Capital Deficit**: **$21.5 million**
- **Cash Resources**: roughly **$250,000**
- Significant operating losses and negative cash flow, with reliance on equity, debt, and revenue to fund operations.
- The company is classified as an **Emerging Growth Company**, with reduced disclosure requirements.

## Growth and Development
- Engages in strategic acquisitions to expand capabilities and client base.
- Developing and scaling proprietary IP based on AI, ML, and threat intelligence.
- Strives for scalable, long-term growth with a focus on software-led, product-driven solutions.
- Recognizes the cybersecurity talent shortage as both a challenge and an advantage, emphasizing retention and hiring of top professionals.

## Summary
CISO Global, Inc. is a cybersecurity enterprise offering managed security, compliance, incident response, and proprietary AI-driven security software solutions. It services over 475 clients, employs 143 staff, and generated approximately $30.8 million in revenue in 2024, operating with significant net losses. The company is focused on growth through acquisitions, technology development, worldwide expansion, and addressing cybersecurity workforce shortages.

CISO Global, Inc. is a Scottsdale-based cybersecurity and compliance firm that enhances clients' cyber posture through a unique managed compliance and cybersecurity service model.

# Summary of CISO Global, Inc.

## Company Overview
CISO Global, Inc. is a cybersecurity and compliance firm based in Scottsdale, Arizona, incorporated in Delaware, with a strategy focused on enhancing clients' cyber posture through a vast array of services. The company employs highly trained professionals and has developed a unique offering known as MCCP+ ("Managed Compliance & Cybersecurity Provider + Culture"), which integrates cybersecurity, compliance, and a security culture.

## Services Offered
CISO Global provides a comprehensive range of services segmented into two main categories:

### 1. Security Managed Services:
- **Compliance Services**: Assist clients with adherence to various standards and regulations, including CMMC, FedRAMP, HIPAA, ISO, and NIST.
- **Cyber Defense Operations**: U.S.-based Security Operations Center (SOC) offering 24/7 monitoring, threat detection, and incident response services, including:
  - Managed Detection and Response (MDR)
  - Extended Detection and Response (XDR)
  - SIEM and Patch Management
- **Secured Managed Services**: A fully managed service package that incorporates secure network architecture and advanced firewall management.

### 2. Cybersecurity Professional Services:
- **Incident Response and Digital Forensics**: Expertise in investigating and remediating cyberattacks.
- **Security Testing and Training**: Penetration testing, attack simulations, and cybersecurity training programs.

## Corporate Structure and Growth
CISO Global has expanded through several acquisitions to construct a robust team of cybersecurity experts. As of December 31, 2023, the company has:
- **Customers**: 1,100 clients across various sectors.
- **Employees**: 402 total employees, of which 397 are full-time.

## Financial Overview
- **Revenue**: Although the exact number is not provided, the company has incurred significant operating losses during the years ended December 31, 2023, and 2022, and has limited cash flow.
- **Recent Performance**: The company received a qualified opinion regarding its ability to continue as a going concern due to its operating losses and negative cash flows.

## Market Position and Challenges
CISO Global operates in a highly competitive and fragmented cybersecurity market, facing challenges including:
- A severe shortage of qualified cybersecurity professionals, hindering recruitment and retention efforts.
- The need to manage growth effectively post-acquisitions.
- Increased regulatory pressures requiring ongoing investment in compliance capacity.

## Recent Developments
CISO Global has implemented strategies to increase revenue opportunities and strengthen customer retention while emphasizing a technology-agnostic approach to better align their solutions with client needs.

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This summary encapsulates the key aspects of CISO Global, Inc.'s operation, service offerings, market challenges, and financial status.

CISO Global, Inc.

10-K / March 31, 2025

10-K / April 16, 2024

10-K / March 31, 2025

Company Overview: CISO Global, Inc.

Business Focus

Services Offered

Market Position & Strategy

Financial Overview (as of December 31, 2024)

Growth and Development

Summary