Visium Technologies Inc (VISM)

[conix]

The U.S. Government Spending Bill Allocates $2.6 Billion To Bolster Cybersecurity

by Sam Msiska, Benzinga Staff Writer
June 1, 2022

After nearly six months of delay in Congress, President Joe Biden has signed into law the $1.5 trillion spending bill. The omnibus spending bill, as it is commonly known, is a spending package for the U.S. government for a variety of sectors, including agriculture, defense, energy and water.

Funds for the spending package will run through September with $730 billion allocated towards non-defense spending and $782 billion for defense, along with $13.6 billion assigned for humanitarian and military aid for Ukraine.

Taking one of the biggest shares is homeland security with $57.5 billion. Part of this funding will go to support critical infrastructure to help fight cyberattacks and other measures to uproot cyber intrusion. The Cybersecurity and Infrastructure Security Agency (CISA), a government agency that works to strengthen cyber security across the country, has received $2.6 billion from the spending package to help spearhead this agenda.

The legislation comes at a time when the Russia-Ukraine conflict has accelerated cyber threats in the West as the majority of western countries like the U.S. stand against Russia for invading Ukraine.

The U.S. seems to be making every move to patch potential weaknesses in its internal cyber defense. Just recently, Congress passed legislation making it mandatory for critical infrastructure companies such as those in finance and energy to report to CISA any security breaches or ransom paid within 72 hours.

The U.K. looks to be following suit. Cybersecurity experts and members of Parliament are working to persuade the Prime Minister, Boris Johnson, to increase defense funding in response to Russian threats.

As cyber tension continues to rise globally, increasing cybersecurity funding has become a priority for governments. Companies in the cybersecurity space such as Visium Technologies Inc. VISM, Zscaler Inc.(ZS), Check Point Software Technologies Ltd.
(CHKP) and NortonLifeLock Inc. (NLOK)
will likely benefit from the massive spending.

What The Omnibus Spending Bill Could Mean For Companies Like Visium

Visium expects the increase in cybersecurity spending by the government to significantly boost sales for its main product, TruContext. The platform allows a user to visualize the security posture of an enterprise throughout an attack in real time.

TruContext, powered by CyGraph from MITRE Corporation, is designed with real-time data ingestion capabilities that can take data from any source and analyze it so that security analysts can make informed decisions on how to secure the network. The visualization tool provided by TruContext allows users to prioritize threats and streamline the detection process to help secure the network.

Visium stands among the companies that are reportedly helping organizations around the world understand and reduce cybersecurity risks. The goal is to provide every organization and government agency with visibility and insights into its security infrastructure.

[conix]

According to what I have read, the TruContext platform is an improvement on the Mitre CyGraph. The recent Provisional Patent I am assuming is protecting these improvements.

I would agree that the best proof that their technology is NOT 3 years old is if and when they get some contracts. Selling your product trumps opinions on message boards.

jmo

[Originstory7]

This tech is 13 years old, by the time mitre tapped vism to take its watered down version of cygraph to market, it was to late. It’s been 3 years and no one is lining up for this tech. It’s an over rated notification system, nothing more.

[conix]

VISM appears to not really COMPETE with other cybersecurity companies. Their TruContext technology appears to improve--adds to -- the solution of DDOG and SPLNK. Once they begin to get traction with a couple of contract wins-especially with their partners in Splunk and Datadog, it will change the market's perception.

But, as always, the first revenue/contract win is the toughest.

I would like to see some more announced partnerships that provides the company with some sales force resources.

[FlipFlopopotamus]

Can you imagine a world with vism cyber technology? I can’t. I project this stock to be over $100 by end of the quarter

[Originstory7]

Vism is only selling a notification system they don’t provide full service like the companies you listed. Vism’s contracts if any will be small.

[conix]

Beg to differ.

VISM's market cap is so low, a couple of significant contracts could be over the current market cap.

The high valuations sported by CRWD, Palo Alto etc. would suggest that one VISM starts to win contracts, the valuation reset to the upside could be dramatic.
JMO

[Originstory7]

Pricing on SEWP shows vism is cheap, it would take hundreds of contracts to move this drek to a dime.

[Eagle1]

MITRE Related: Report: 80% of cyberattack techniques evade detection by SIEMs
https://venturebeat.com/2022/05/19/report-80-of-cyberattack-techniques-evade-detection-by-siems/

According to a new report by CardinalOps, on average, enterprise SIEMs are missing detections for 80% of all MITRE ATT&CK techniques and only address five of the top 14 ATT&CK techniques employed by adversaries in the wild.

CardinalOps’ second annual report on the state of SIEM detection risk analyzed data from production SIEM instances, including Splunk, Microsoft Sentinel, and IBM QRadar, to better understand security team readiness to spot the latest techniques in MITRE ATT&CK, the industry-standard catalog of common adversary behaviors based on real-world observations. This is significant because detecting malicious activity early in the intrusion lifecycle is a crucial factor in stopping material impact to the business.

Rather than rely on subjective survey-based data, CardinalOps analyzed configuration data from real-world production SIEM instances to gain visibility into the current state of threat detection coverage in modern Security Operations Centers (SOCs). These organizations represent multibillion dollar, multinational corporations, which makes this one of the largest recorded samples of actual SIEM data analyzed to date, encompassing more than 14,000 log sources, thousands of detection rules and hundreds of log source types.

Using the nearly 200 adversary techniques in MITRE ATT&CK as the baseline, CardinalOps found that actual detection coverage remains far below what most organizations expect and what SOCs are expected to provide. The analysis demonstrates that actual detection coverage remains far below what most organizations expect, and, even worse, organizations are often unaware of the gap between the theoretical security they assume they have and the actual security they get in practice, creating a false impression of their detection posture.

The top three log sources that are ingested by the SIEM, but not being used for any detections, are identity sources; SaaS productivity suites such as Office 365 and G Suite; and cloud infrastructure log sources. In fact, 3/4 of organizations that forward identity log sources to their SIEM, such as Active Directory (AD) and Okta, do not use them for any detection use cases. This appears to be a major opportunity to enhance detection coverage for one of the most critical log sources for strengthening zero trust.

The latest CardinalOps research provides readers with a series of best practice recommendations to help CISOs and detection engineering teams address these challenges, and be more intentional about how detection coverage is measured and continuously improved over time. These recommendations are based on the experience of CardinalOps in-house security team and SIEM experts, including Dr. Anton Chuvakin, head of security solution strategy at Google Cloud, and former VP and distinguished analyst at Gartner Research.

In our second annual report, CardinalOps analyzed aggregated and anonymized data from production SIEM instances to understand SOC preparedness to detect the latest adversary techniques in MITRE ATT&CK. This is important because detecting malicious activity early in the intrusion lifecycle is a key factor in preventing material impact to the organization.

The analysis shows that actual detection coverage remains far below what most organizations expect, and that many organizations are unaware of the gap between their assumed theoretical security and the defenses they actually have in place.

The data set for this analysis spanned diverse SIEM solutions – including Splunk, Microsoft Sentinel, and IBM QRadar – encompassing more than 14,000 log sources, thousands of detection rules, and hundreds of log source types.
Using the nearly 200 adversary techniques in MITRE ATT&CK as the baseline, CardinalOps found that actual detection coverage remains far below what most organizations expect and what SOCs are expected to provide. The analysis demonstrates that actual detection coverage remains far below what most organizations expect, and, even worse, organizations are often unaware of the gap between the theoretical security they assume they have and the actual security they get in practice, creating a false impression of their detection posture.

The top three log sources that are ingested by the SIEM, but not being used for any detections, are identity sources; SaaS productivity suites such as Office 365 and G Suite; and cloud infrastructure log sources. In fact, 3/4 of organizations that forward identity log sources to their SIEM, such as Active Directory (AD) and Okta, do not use them for any detection use cases. This appears to be a major opportunity to enhance detection coverage for one of the most critical log sources for strengthening zero trust.

The latest CardinalOps research provides readers with a series of best practice recommendations to help CISOs and detection engineering teams address these challenges, and be more intentional about how detection coverage is measured and continuously improved over time. These recommendations are based on the experience of CardinalOps in-house security team and SIEM experts, including Dr. Anton Chuvakin, head of security solution strategy at Google Cloud, and former VP and distinguished analyst at Gartner Research.

In our second annual report, CardinalOps analyzed aggregated and anonymized data from production SIEM instances to understand SOC preparedness to detect the latest adversary techniques in MITRE ATT&CK. This is important because detecting malicious activity early in the intrusion lifecycle is a key factor in preventing material impact to the organization.

The analysis shows that actual detection coverage remains far below what most organizations expect, and that many organizations are unaware of the gap between their assumed theoretical security and the defenses they actually have in place.

The data set for this analysis spanned diverse SIEM solutions – including Splunk, Microsoft Sentinel, and IBM QRadar – encompassing more than 14,000 log sources, thousands of detection rules, and hundreds of log source types.

DOWNLOAD THE RESEARCH REPORT

Please enter your business email address. This form does not accept addresses from gmail.com.
View our privacy policy. By clicking submit you consent to allow CardinalOps to store and process the personal information submitted to provide you the content requested.


Download the report to benchmark your detection coverage in key areas including:

Coverage for the top 14 ATT&CK techniques used by adversaries in the wild.
Coverage as a % of all 190+ techniques in the ATT&CK knowledge base.
Detection quality as measured by the % of rules that are non-functional and will never fire due to common issues such as misconfigured data sources and missing fields.
The top 3 log sources that are ingested by the SIEM but not associated with any detection rules (the answer will surprise you).
% of generic, out-of-the-box content from SIEM vendors that gets disabled due to noisiness and customization challenges.
The report also includes a series of best practice recommendations for improving the robustness of your detection coverage.

[conix]

The half empty view is that the company is pre-revenue. Probably a good reason why it trades down here.

The other half full view is that WHEN they announce their first contract for revenue, there will be a big revaluation. Of course, the SIZE of the first contract will be key in how big the price spike will be...

https://www.facebook.com/watch/?v=727728131688589

Good interview above. Shows they are interested in informing shareholders and expanding awareness of the company.

[Eagle1]

New VISM interview on Benzinga

$VISM Check out this interview with Mark Lucky, CEO of Visium Technologies, Inc, a #cybersecurity and #IT company as he goes into detail about Visium, the Company's TruContext technology and more.#ad pic.twitter.com/xRiBwIAsb8

— Benzinga (@Benzinga) May 17, 2022

[Eagle1]

Pre rev for now

[Originstory7]

Really? Lol no revs.

[Eagle1]

VISM interesting hmmm

[conix]

YouTube channel on Visium. Only it says Visium Analytics

https://www.youtube.com/channel/UCYblxXwY-K2Z0NcUmyGVUjg

[conix]

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Back in 2017 when the Australian cybersecurity firm Nuix conducted a poll to find out how long hackers take to infiltrate a system, 80% said they take no more than 12 hours.

Things have changed — cyber attackers have become even faster and more subtle.
Hackers Up Their Game

According to a 2022 report released by the cyber security firm Crowdstrike, hackers need an average of 98 minutes to break into a computer network. The time is slightly higher compared to the 2020 average of 92 minutes, but considering it takes 11 days on average before an attacker is detected, 98 minutes is still a remarkably fast time for breaching cyber defenses.

According to United Kingdom security firm Sophos, 11 days is more than enough time for an attacker to get a detailed overview of the entire targeted network before wrecking it.

As the adoption of cloud-based services keeps accelerating, possibly because they make file sharing and collaboration easy, cloud services have now become targets for attackers. Some of the common cloud attacks include cloud vulnerability exploitations, credential theft and cloud service provider abuse.
Cyber Costs Hit An All-Time High

A global study conducted by IBM Corp.

IBM-2.56%+ Free Alerts
on over 500 organizations revealed that it costs companies an average of $4.24 million for each data breach. This figure is the highest in the 17-year period of the report. The report also shows that data breaches surged during the pandemic, with costs rising by 10% because of the adoption of telecommuting.

The healthcare, retail, hospitality and consumer manufacturing industries are among the industries that experienced an increase in data breaches owing to the huge operational changes during the pandemic. The report shows that healthcare breaches are the most costly with an estimated cost of over $9 million per occurrence.
What’s The Solution?

While cyberattacks are increasing, cybersecurity companies such as CyberArk
CYBR-2.14%+ Free Alerts
, Fortinet Inc.

FTNT-6.36%+ Free Alerts
and Visium Technologies Inc. VISM
are also moving forward to help companies improve their cyber defenses.

Visium is a firm based in Fairfax, Virginia, focused on global cybersecurity technologies, big data analytics, and offers tools and automating services to support enterprises in protecting their data, business applications, and Internet of Things (IoT) on their networks and in the cloud.

Visium’s main product, TruContext, powered by MITRE Corp.'s proprietary Cygraph technology platform, is a network modeling, analysis and visualization tool that uses graph database technology and is capable of capturing raw data from multiple sources and performing analyses so a security analyst can know exactly where an attack is originating in real time.

TruContext provides understanding of the cybersecurity posture of an enterprise, enabling a user to quickly determine system level dependencies and impacts of any cyber vulnerabilities and exploits.

This unique feature helps the user to have a much clearer insight on how a compromise on a single asset can have a domino effect on other connected assets and domains throughout a system.

Visium Technologies is just beginning to attract attention in the cybersecurity industry. Recently, the company announced a partnership with IREX-AI, a company which connects public safety cameras and sensors to secure the private cloud, analyzing data in real-time and enabling proactive opportunities to prevent security and public safety incidents.

Visium's True Context platform improves other cybersecurity companies’ cyber security defenses. In essence, Visium has the very real potential to partner with most cybersecurity enterprises in addressing the challenges of their clients.

You can learn more about Visium's TruContext here.

[Originstory7]

Vism isn’t “undiscovered” it has major resellers including government resellers. The reality is vism’s tech isn’t new or special. Contextualization has been around awhile and in use by all major cybersecurity companies.

[Originstory7]

This says nothing about vism

[Eagle1]

Thanks Conix very interesting. VISM is so far undiscovered.

Thanks for all your DD.

Just got this on Benzinga

https://www.benzinga.com/markets/penny-stocks/22/04/26861816/modern-day-cyber-attackers-are-swift-as-lightning-and-more-sophisticated-than-ever

[conix]

Just got this on Benzinga

https://www.benzinga.com/markets/penny-stocks/22/04/26861816/modern-day-cyber-attackers-are-swift-as-lightning-and-more-sophisticated-than-ever

[Eagle1]

Good Morning 10-4 thanks!

[conix]

Interesting point, Eagle.

I would think that they would have be able to announce material information such as a contract even if they were in a Quiet Period.

Quiet periods are intended to prevent companies from pumping their stocks in the midst of a capital raise. BUT-- investors have to be informed of material info.

You just cannot do CEO interviews, e-mail blasts to shareholders etc.

[Eagle1]

Conix, VISM also filed a S1. How long do you think the quiet period is here?

They could be sitting on multiple contracts already.

Thanks

[Originstory7]

How long is “soon”?

[conix]

MITRE seems to have good enough technology for the US Army Cybercommand. When VISM starts booking revenue from contracts, we will see a nice move, imo. Going from pre-revenue to getting cash flow really attracts investors' attention.

[Eagle1]

VISM: .0025 nice consolidation at this level. Seems we are in the bottom of a cup and handle formation waiting on news that will move the needle here.

conix

Thursday, April 07, 2022 3:20:32 PM

Re: Eagle1 post# 65728

Post#
65729
of 65737
From Visium's website...

Enhanced commercialized version of MITRE’s Cygraph cyber tool

Looks like VISM's partner, MITRE Corp., is a real player in cybersecurity in the Federal Government market.

https://www.mitre.org/

Interesting.

[Eagle1]

VISM Uplisting Soon! How long is the quiet period?

[Eagle1]

VISM: Conix thanks for all your very important DD on VISM. If you look at the chart on VISM I think we can agree that it is forming a cup. And we are at the bottom of the cup.

This will explode soon. IMO

[Eagle1]

The price here will grow very fast once VISM starts announcing major contracts with different entities.

IMO.

[Originstory7]

Lol

[texas_gal]

Good morning!! Thank you for the link.

[conix]

VISM in Benzinga

https://www.benzinga.com/markets/penny-stocks/22/04/26562126/as-cyber-attacks-continue-to-escalate-experts-say-bolstering-cyber-defense-is-a-priority-for

[conix]

Why would MITRE go with a small company like VISM?

There must be a reason.

[Eagle1]

MITRE very powerful tech VISM

[conix]

From Visium's website...

Enhanced commercialized version of MITRE’s Cygraph cyber tool

Looks like VISM's partner, MITRE Corp., is a real player in cybersecurity in the Federal Government market.

https://www.mitre.org/

Interesting.

[Eagle1]

Vism

[texas_gal]

VISM is being loaded here!! On the back side of take off!!

[conix]

Tension In Ukraine Poses Cyber Threats For U.S. And Western Companies, Cybersecurity Analysts Warn

by Sam Msiska, Benzinga Staff Writer
April 5, 2022

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

The spike in cyberattacks over the years has drawn the attention of prominent figures and cybersecurity pundits from every corner of the world. Former U.S. Secretary of Defense Leon Edward Panetta likened cyberattacks to the next Pearl Harbor attack.

When Panetta warned of a cyber Pearl Harbor, the Cyber Command was still in its infancy. Panetta said his remarks were simply a wake-up call to millions of U.S. citizens who were unaware of the seriousness of the situation — not many Americans had witnessed cyber attacks on a large scale.

Panetta’s prophecy, which many thought would take a month of Sundays to come, began to quickly unfold. Now, cyberattacks have penetrated every sector from government agencies to big multinational conglomerates, causing billions of dollars in losses.
Cyberattacks Become More Rampant

The attack on SolarWinds Inc.will possibly go down in history as one of the most catastrophic cyberattacks as well as the inception of a new era in cybercrimes. Inquiries into the attack by the FBI, the National Security Agency, and the Cybersecurity and Infrastructure Security Agency found that Russia was behind the SolarWinds hack, though President Putin and the Kremlin have denied any involvement.

That was just the beginning. Recently, The Telegram reported a devastating cyberattack on the giant graphics chipmaker NVIDIA Corp.,which affected the company’s internal system. Some hours later, a dark web research firm called DarkTracer tweeted that Lapsus$, a ransomware gang that claims to be behind an attack on Portugal’s largest TV channel, claimed responsibility for the attack on NVIDIA.

The news on NVIDIA’s attack seemed not to have gone down well with U.S. President Joe Biden, who warned that any attack on U.S. companies will provoke retaliation from the United States. “If Russia pursues cyberattacks against our companies, our critical infrastructure, we’re prepared to respond,” Biden said.
From Ukraine To The West

Before Russia launched ground attacks on Ukraine, a wave of cyberattacks hit the country’s banks and government websites. As the invasion began, a series of attacks were launched targeting IT businesses and defense, aviation, and financial institutions. Attacks such as these are known for shutting down ATMs and trains, switching off lights, and even choking major shipping firms.

As the invasion of Ukraine continues, analysts have warned that the massive cyberattacks inside Ukraine could spill over to countries in the West. The former director of the Cybersecurity and Infrastructure Security Agency (CISA), Chris Krebs, warned that the conflict in Ukraine poses an unprecedented threat to government agencies and organizations.

Talking to Fortune.com, Derek Vadala, chief risk officer at the U.S. cyber-risk rating firm BitSight, urged companies and organizations to patch their systems against vulnerabilities. According to Vadala, everyone should be in a heightened state of preparedness.
An Example Solution For Cyberattacks

As technology advances, cybercriminals are evolving their tactics and techniques to work around cyber defenses. According to Crowdstrike, on average it takes 98 minutes from the time of a breach to the time that the attacker starts taking data from a company, which highlights how critical it is for cyber analysts to be able to respond to a security incident in real time.

Visium Technologies Inc., a provider of cybersecurity technology solutions, tools, and services, says its TruContext technology addresses these challenges of early detection and response (EDR), and has integration partnerships with Splunk, Tenable and Datadog Inc., among others. Their visualization capabilities allow a user to detect and pinpoint an attack originated by using geolocation data.

Visium is among a growing number of companies such as Darkpulse Inc.
who are creating integrations, software, and services that are meant to counter much of the current threat. However, since cybercrime is an ever-changing phenomenon, there will likely always be a need for continuous improvement and vigilance.

[conix]

Visium Technologies: A Cutting-edge Cybersecurity And Data Analytics Provider That Is Ready To Skyrocket



Cybersecurity is one of the fastest growing sub-domains within the SaaS (software-as-a-service) space with companies like CrowdStrike (NASDAQ:CRWD) and Palo Alto Networks (NASDAQ:PANW) seeing their valuations go through the roof. As per Mordor Intelligence data, the global cybersecurity market was around $156.24 billion in 2020 and is expected to grow at a CAGR as high as 14.5% fom 2022 to 2027. The telework trend and the growing number of work-from-home employees is one of the biggest factors responsible for the growth of this market. During the course of telework, the use of personally owned devices and equipment that are not properly configured or could be infected with malware raises the risk of security breaches for businesses.

During a cyberattack, the problem for any enterprise is not a lack of information, but rather the ability to use the available information to assemble disparate pieces of security information into insights for situational awareness and determine the optimal courses of action.

Today, we will analyze a company whose virtual private cloud operating environments cater to this exact problem and deliver cybersecurity and data visualization solutions to customers – Visium Technologies, Inc. (OTCPK: VISM)

Company Overview

Visium Technologies, Inc., a cybersecurity and digital risk mitigation company, offers cybersecurity technology solutions, devices, and services to help businesses and governments protect their data. Network security, threat visualization, Internet of Things, mobile security, cloud, pinpoint threat identification, and big-data analytics and understanding at initial sight are among the company’s primary focus areas. Under the recent global telework conditions, Visium’s technology, TruContext , provides, facilitates, and boosts confidence in remote work infrastructures while enforcing and heightening cybersecurity protections. It is worth highlighting that company can quickly deploy TruContext and benefit from its capabilities remotely because it is entirely cloud-based and does not require on-premise implementation. Given the ongoing threat of cyber-attacks, TruContext’s cloud-based solutions can assist businesses in enhancing their security capabilities. It is a Fairfax, Virginia-based company that was founded in 1987.
Revenue Model

Visium can be considered as a data analytics focused company with a wide application of its offerings where cybersecurity is one of the biggest and most important applications. The company compliments existing security information and event management (SIEM) solutions, tools, and services to enterprises, such as technology partner Splunk,. Its TruContext technology helps reduce risk and apply analysis efficiencies that simplify cybersecurity. It does this by rendering data in an immediately understandable way with context, providing better and immediately actionable security outcomes, combining unique visualization, advanced cyber monitoring intelligence, data modelling, analytics, and automation. They primarily generate revenue through three methods: a virtual appliance model aimed primarily at the federal government, which charges a seat licence; a SaaS model, which charges a recurring monthly licence fee for TruContext; and professional services, which support and deliver cybersecurity solutions and services to its customers. As part of its go-to-market strategy, the company has formed integration partnerships with larger, more established technology firms. In addition, Visium has formed relationships with value-added resellers who sell to the federal government and commercial markets. Although digital risk management, cybersecurity solutions, and technology services for physical network security, the cloud, and mobility solutions are the company’s primary focus areas, they also deal with mission-critical issues where context is imperative to understand the landscape. To provide its products and services to its customers, Visium relies heavily on its cloud based technology and infrastructure. They also rely on technology distribution firms.


The MITRE Collaboration

Visium has entered into a technology license agreement with the MITRE Corporation for the commercialization of its licensed patented technology, also known as CyGraph. MITRE is a non-profit organization that advises the federal government on engineering and technical matters. CyGraph is a tool for cyber warfare analytics, visualization and knowledge management and it known to provide advanced analytics for cybersecurity situational awareness that is scalable, flexible and comprehensive. Visium is expected to benefit from bringing MITRE’s intellectual property to market and has carried out the deal through its wholly-owned subsidiary, Visium Analytics, LLC. MITRE’s decision to grant Visium exclusive rights to develop and commercialize Cygraph is a strong endorsement of the company’s ability to commercialize the technology. Security is undergoing a fundamental shift, and CyGraph provides machine learning acceleration, advanced cyber hunting, forensics, incident response, and analytics that significantly improve the enterprise’s security posture while increasing efficiencies and cost savings. With Visium’s TrueContext technology, powered by CyGraph, cybersecurity is simplified by visualizing the network security posture before and during an attack in real-time, providing the security analyst with an intuitive situational picture of the enterprise. Furthermore, the phases could range from catching compromises in real-time at the pre-attack point to high-speed root cause analysis at the breach point, as well as predicting vulnerable paths that lead to preventing breaches before they occur.

Visium Analytics, when combined with the MITRE ATT&CK framework (a curated knowledge base that tracks cyber-threat actors’ tactics and techniques throughout the attack lifecycle), is uniquely positioned to deliver immediate, intuitive and human-understandable focus of an attack radius, allowing time-constrained resources, such as cyber professionals, to zero in on the highest impact targets and priorities in real-time.

The TruContext Solution

TruContext, the company’s core offering, provides real-time automation and intuitive data understanding by allows clients to see the form of their data at first glance. By visualizing your network security posture throughout an attack, TruContext, powered by Mitre’s CyGraph, simplifies cybersecurity. The tool accomplishes its tasks by compiling disparate data and events into a comprehensive picture to aid decision-making and situational awareness and allowing for the prioritization of remediation to protect your most valuable assets by bringing together a contextualized composite view of cyber datasets.

An attack-graph model is also included in TruContext, which maps potential attack paths through a network. The tool also provides all important context for responding to attacks and protecting mission-critical assets in the event of an attack. The attack graph is a dynamically evolving map of potential attack paths through a network. This includes pulling in aggregated data of network topology, firewall rules, host configurations, vulnerabilities, and any other network attributes that may contribute to attack success. TrueContext connects the dots in a human-readable and understandable way. The majority of today’s cyber tools lack the feature of context, which is an inherent function of TruContext; a classic example of this is Splunk (NASDAQ:SPLK). Even on Splunk, a lot of data is being collected and analyzed, but connecting events to problems using traditional data mining and analysis is a herculean task without understanding context.

Through TruContext, Visium’s platform could have quickly connected the dots and provided understandable alerts for recent cyber compromises affecting the U.S. government, well-known industry vendors, and their customers. Furthermore, the forensics capability of TruContext CyGraph can be used to identify additional potential vulnerabilities and root causes, adding significant value to ongoing investigations. TruConext also leverages graph technology, which, per Gartner, by 2025 will be used in 80% of data and analytics innovations, up from 10% in 2021, facilitating rapid decision making across the enterprise.

Valuation & Final Thoughts


We can see Visium’s share price is extremely low as a result of the constant share issuances to fund the product development costs. However, this is expected to change with the expected commercialization and SaaS revenues starting off in 2022. The management is now rapidly accelerating their corporate growth strategy due to this latest funding round. This includes hiring additional sales, marketing, and software development resources to take advantage of their TruContext platform’s timing and competitive advantages. The company should be able to capitalize on the fact that TruContext reduces the risk posture and frees up human capital that would otherwise be spent manipulating and preparing data for analysis for days, weeks, or even months. Cybersecurity as a domain is having extremely high revenue multiples (ordinarily above 7x EV/ Revenue). The same can be expected for Visium as soon as the company starts showing revenues. We expect a rapidly growing top-line and profitability for Visium in 2022 and beyond resulting in an improved valuation in the coming months.

[Originstory7]

Yawn

[conix]

Visium Technologies Teams Up With Ethical AI And Video Analytics Leader IREX To Create Game-Changing Surveillance Intelligence Technology

by Kenneth Adams

April 1, 2022


Visium Technologies, Inc.

VISM-7.41%+ Free Alerts
announced that it has entered into an integration and partnership agreement with IREX AI, Inc., the premier provider of video-based solutions that empower city governments, public safety departments, transportation authorities, and service providers with an Ethical AI and Big Data platform.

Mark Lucky, CEO of Visium, commented, "We are very pleased to be partnering with IREX, the leader in the race for Ethical AI and video analytics. They have an impressive track record of success and rapid growth, and we see our TruContextTM technology providing meaningful analytic, connected data and context-focused enhancements to their current and future customers."

Calvin Yadav, IREX CEO, added "There is no denying that public safety is being driven by digital transformation and investment in smart cities. We are excited to team up IREX's SearchveillanceTM technology with Visium's groundbreaking TruContextTM. Co-joining Visium with the powerful Ethical AI engine of IREX makes the world's first Real-Time intelligence whiteboard with video and image validation technology called ELI (Ethical Layered Intelligence). ELI will change the game by shaving months from investigation(s) for Federal & local law enforcement or Military reconnaissance missions."

[Originstory7]

Lol

[Eagle1]

Revs before uplist!

[Originstory7]

Can’t up list with no revenue ;)

[LOB]

If a Rev/Spl is coming that could be difficult. My belief is those in the know will do one as part of the up listing conditions .. I would just avoid it and sell any to any strength. Buy after the R/S

[Eagle1]

Welcome back Chartmaster!

[Eagle1]

Thanks Conix, VISM Very interesting, uplist from pink to Nasdaq. Something huge must be coming very soon.

The listing of the Company's common shares on NASDAQ remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. The Company will provide updates on its progress as it moves toward this goal.

[conix]

Investor Update for Visium Technologies, Inc.

FAIRFAX, VA / March 15, 2022 / Visium Technologies, Inc, ("Visium" or the "Company") (OTC PINK: VISM) a cybersecurity company with proprietary solutions focused on global cybersecurity clarity, machine learning, and advancing predictive technology that provides real-time comprehensive visualized information on security events, issued today an update to its shareholders from its Chief Executive Officer, Mark Lucky.

To our Valued Shareholders,

The team at Visium has been hard at work to bring our world class solutions to market, and as I look ahead, I am more confident than ever about the direction of the Company. We continue to make strides with our sales, marketing, and development initiatives. Although we are still pre-revenue, our pending sales pipeline continues to grow. Visium cannot provide any assurances as to the success stemming from its current and growing sales pipeline, however we are of the strong opinion that we will continue to see increased demand in the marketplace for our TruContextTMTM products and services. We recently held a very successful webinar with Carahsoft to introduce TruContextTM and to highlight its use as an integrated enhancement to Splunk. Carahsoft is our corporate partner supporting Public Sector organizations across Federal, State and Local Government agencies and also in Education and Healthcare markets. Carahsoft is taking TruContextTM to market through their Splunk federal sales teams, as they have recognized that TruContextTM is a much-needed solution by the security market.

We recently filed a Form S-1 with the Securities and Exchange Commission, which announces our intention to uplist from the OTC Pink Sheets to the NASDAQ Capital Market. I am delighted to start the journey to list on NASDAQ. An uplisting provides access to a platform that attracts potential institutional investment, along with greater exposure and shareholder engagement capabilities. This uplist has been a strategic objective of ours and allows the Company to accelerate its business strategy, both in attracting institutional and retail investors, along with M&A opportunities.

In conjunction with this uplist, we plan to do a capital raise of $10,000,000 through H.C. Wainwright and Company, a New York-based investment bank. We are pleased to have Wainwright as partners who believe in the potential of our technology and services. This financing will immediately create significant value for the Company by strengthening the Company's balance sheet, and positioning the Company for revenue and income growth. Being listed on the Nasdaq Capital Market will dramatically increase our profile and transparency to the market, including to current and potential customers. Historically, this has resulted in improved liquidity and awareness for companies that ascend to the NASDAQ.

The listing of the Company's common shares on NASDAQ remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. The Company will provide updates on its progress as it moves toward this goal.

About Visium Technologies, Inc.

Visium Technologies, Inc. (OTCMKT:VISM) is a Florida corporation based in Fairfax, Virginia, focused on global cybersecurity clarity, machine learning, advancing technology and automating services to support enterprises in protecting their most valuable assets - their data, business applications, and IoT on their networks and in the cloud.

For more information please visit www.visiumtechnologies.com

Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, whether the reverse stock split will be beneficial to the Company and its shareholders, any inability to meet the NYSE American continued listing standards in the future for any reason, and those other factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed.

Contact:

Visium Technologies, Inc.
Corporate: Mark Lucky, Chief Executive Officer
[e-mail]

Follow us on Twitter and Instagram
Twitter | Instagram

Corporate Office:
4094 Majestic Lane Suite 360
Fairfax, VA 22033
Phone: [phone]

SOURCE: Visium Technologies, Inc.

[Chartmaster]

Bought back in here the other day, thanks for the PM, I made a killing here last year and sold .04-.048, let's do it again!

[m_m007]

Dilution will cont. Back to teens soon