CISO Global partners with FIG to deliver CyberSimpleTM and CHECKLIGHT®, targeting a $2 billion cybersecurity market opportunity.
Quiver AI Summary
CISO Global has formed a strategic alliance with Financial Independence Group (FIG) through Cyber Assurance Group Incorporated (CAGI) to launch CyberSimpleTM powered by CHECKLIGHT®. This partnership aims to tap into an estimated $2 billion market within the Professional Employer Organization (PEO) and Financial Management sector. The CyberSimpleTM solution will be integrated into FIG’s advisor portal, offering enhanced cybersecurity services to wealth advisors and their clients, along with a warranty of up to $1.5 million. CISO Global plans to support this launch with instructional videos to facilitate user adoption. The partnership underscores a shared commitment to improving cybersecurity standards for financial services, addressing the increasing threats posed by cybercriminals.
Potential Positives
- Alliance with Financial Independence Group opens a $2 billion market opportunity in the PEO and Financial Management sector.
- Integration of CyberSimpleTM powered by CHECKLIGHT® into FIG’s proprietary advisor portal expands reach to thousands of wealth advisors and their clients.
- Offer includes a substantial $1.5 million warranty, enhancing the appeal and security of the cybersecurity product.
- Demonstrates ongoing collaboration with Cyber Assurance Group to elevate cybersecurity standards across industries, reinforcing CISO Global's leadership in the sector.
Potential Negatives
- The press release emphasizes a forward-looking statement regarding the $2 billion market opportunity, which may raise concerns about the feasibility and execution of this expectation.
- The inclusion of a substantial warranty of up to $1.5 million could imply potential financial liability or risks if claims exceed expectations.
- The terminology used, such as "subject to substantial risks, uncertainties, and other factors," suggests that the company's future performance may not meet current expectations, which could impact investor confidence.
FAQ
What is CyberSimple powered by CHECKLIGHT®?
CyberSimple powered by CHECKLIGHT® is a new cybersecurity solution integrated into FIG's platform, providing enhanced protection for financial services firms.
How does the alliance with FIG impact the cybersecurity market?
The alliance with FIG opens an estimated $2 billion market opportunity in the PEO and Financial Management sector, enhancing cybersecurity offerings.
What financial protection does CHECKLIGHT® offer?
CHECKLIGHT® provides up to $1.5 million in financial protection, ensuring comprehensive coverage against cyber threats for users.
How will financial advisors benefit from this partnership?
Financial advisors will gain access to user-friendly cybersecurity tools and instructional videos, improving their ability to protect client data.
Who are the companies involved in this strategic partnership?
The strategic partnership involves CISO Global, Financial Independence Group (FIG), and Cyber Assurance Group Incorporated (CAGI).
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CISO Hedge Fund Activity
We have seen 4 institutional investors add shares of $CISO stock to their portfolio, and 7 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MERCER GLOBAL ADVISORS INC /ADV added 144,896 shares (+inf%) to their portfolio in Q1 2025, for an estimated $64,188
- UBS GROUP AG removed 49,179 shares (-54.9%) from their portfolio in Q1 2025, for an estimated $21,786
- RENAISSANCE TECHNOLOGIES LLC removed 19,200 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,505
- VIRTU FINANCIAL LLC removed 15,212 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $52,785
- TWO SIGMA SECURITIES, LLC removed 14,400 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $49,968
- FNY INVESTMENT ADVISERS, LLC added 10,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $4,430
- TOWER RESEARCH CAPITAL LLC (TRC) removed 1,760 shares (-94.6%) from their portfolio in Q1 2025, for an estimated $779
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
$2 Billion Total Addressable Market for CyberSimple TM powered by CHECKLIGHT ®
Scottsdale, AZ, June 26, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a leader in AI-powered cybersecurity software and compliance services, today announced an alliance with Financial Independence Group (FIG) through the company’s strategic partnership with Cyber Assurance Group Incorporated (CAGI) and its CyberSimple TM solution, a groundbreaking advancement in the distribution of CISO Global’s flagship cybersecurity product, CHECKLIGHT ® . The alliance opens an estimated $2 billion market opportunity in the PEO and Financial Management sector .
This initiative will integrate the offering of CyberSimple TM powered by CHECKLIGHT ® , with its expanded $1.5M warranty , directly into FIG’s proprietary advisor portal, which currently supports services such as stock trading, wealth management tracking, business acceleration tools, and insurance solutions for the thousands of wealth advisors using FIG’s platform.
“Cyber protection for financial services firms and their retail clients is the most important planning needed today,” said Nicholas Ross, Chief Strategy Officer, FIG. “We are at war hourly with malicious actors seeking to steal even the most basic data from our bank, brokerage, and insurance accounts. Every American needs a veil of protection that we are pleased to finally bring to the retail community.”
Assisted by CAGI, FIG will integrate the offering of CyberSimple into its proprietary client-facing platform over the coming weeks. CISO Global will provide additional support with the delivery of user-friendly instructional video tutorials designed to provide FIG’s advisors and their clients with straightforward guidance on installing CHECKLIGHT ® and managing cybersecurity alerts.
“CyberSimple is by far the most cost-effective and user-friendly route to cyber financial protection available on the market today,” said David R. Bechtel, CEO of CAGI. “We’re delighted to be sharing this offering with Financial Independence Group and their many clients who stand to gain from government-grade cybersecurity and the industry’s leading performance warranty, providing up to $1.5M in financial protection."
This announcement builds upon CISO Global’s previously publicized strategic partnership with Cyber Assurance Group , reflecting ongoing collaboration aimed at elevating cybersecurity standards across industries.
About CISO Global
CISO Global, Inc. (NASDAQ: CISO), whose ticker symbol initials are known in the industry as ‘Chief Information Security Officer’, is a cybersecurity company, headquartered in Scottsdale, Arizona who is an industry leader in AI-powered cybersecurity software, managed cybersecurity, and compliance that delivers comprehensive solutions designed to protect organizations from the latest cyber threats. The company protects the most demanding businesses and government organizations against continuing and emerging security threats and ensures their compliance obligations are being met. For more information about the company, visit
ciso.inc
; see the following link to join the
investor relations email alerts
.
About Financial Independence Group (FIG)
Financial Independence Group is a leading financial services company providing wealth management solutions, insurance, and business acceleration tools to financial advisors across the United States, managing over 1.5 million clients. For more information, visit
figmarketing.com
.
About Cyber Assurance Group
Cyber Assurance Group Incorporated (CAGI) is an innovative cyber risk insurance specialist. They leverage cutting-edge technology to assess, mitigate, and insure against cyber threats, providing comprehensive, data-driven solutions. For more information, visit
CyberSimple – Cyber Assurance Group Incorporated
.
Safe Harbor Statement
This news release contains certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, our belief that we are an industry leader in proprietary software, managed cybersecurity, and compliance; our belief in the strategic partnership with CAGI and their cyber solution; our expectation in the benefits of our alliance with FIG and its partnership with CAGI; our expectation of the estimated $2 billion market opportunity in the PEO and Financial Management sector; our expectation in the integration of the offering of CyberSimple with our product CHECKLIGHT® into FIG’s advisor portal supporting wealth advisors who use the platform; our expectation in the collaboration with FIG and CAGI to offer a solution to the cyber risk gap for the financial services firms market; and our belief that we provide comprehensive cybersecurity solutions to our clients. These statements are often, but not always, made through the use of words or phrases such as "believes," "expects," "anticipates," "intends," "estimates," “predict,” "plan," “project,” “continuing,” “ongoing,” “potential,” “opportunity,” "will," "may," "look forward," "intend," "guidance," "future" or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. These risks may be detailed from time to time in the reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.
For Media Inquiries:
Debra Gallington
[email protected]
(480) 389-3444