Reach Announcement

12 December 2023

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

2024 Global Cybersecurity Perspective Report

Smarttech247 reveals a 50% increase in cyber-attacks during 2023

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce the publication of its cybersecurity report, 'Global Cybersecurity: Perspectives and Trends for 2024' showing a 50% increase in cyber-attacks during 2023.

The in-depth report also highlights critical issues in cybersecurity and offers strategic perspectives on emerging threats, industry trends, and the geopolitical dynamics expected to shape the threat landscape throughout 2024. The report also finds that external malicious actors account for 83% of data breaches and financial motives are still the driving force behind over 94% of actual breaches.

The report aims to provide practical advice to help businesses protect themselves from emerging cyber threats, such as highlighting the key risks for suppliers and outlining a 10-step plan for Chief Information Security Officers to undertake in the first 90 days of a new role.

Smarttech247 invites cybersecurity professionals, business leaders, and all interested parties to access the report on its website: https://resource.smarttech247.com/global-cybersecurity-perspectives-and-trends-for-2024

Raluca Saceanu, CEO of Smarttech247, commented:

"At Smarttech247, we believe that knowledge and awareness are fundamental in helping to protect against cyber threats. By sharing valuable insights through our report, we aim to contribute towards a safer digital ecosystem for businesses and individuals alike.

"2023 has seen profound changes in the cybersecurity landscape, including the use of generative AI and evolving cybercriminal tactics. As we look forward to 2024, it is important to recognise and plan for advancing threats to help increase organisational resilience.

"We hope that our report is useful in helping raise awareness of the critical importance of having robust cybersecurity defences in place."

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About Smarttech247

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response.

The Group's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

 For further information please visit www.smarttech247.com