SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

April 25, 2013 12:17 ET

Staffing 360 Solutions Announces Availability of a White Paper on the Cyber Security Industry

Paper Describes the Growing Threat From Cyber Terrorism and Resulting Demand for Highly Qualified Personnel With Cyber Security Expertise

NEW YORK, NY--(Marketwired - Apr 25, 2013) -  Staffing 360 Solutions, Inc. (OTCQB: STAF), an emerging growth public company engaged in the provision of international staffing services in IT, financial, accounting, healthcare and cyber security industries, today announces the release of a white paper on the Cyber Security industry, by market analyst Arthur Goldgaber of Goldgaber Research Group.

Entitled "Cyber Terrorism: The Rising Demand for Cyber Security Professionals," the white paper describes the growing risk of cyber terrorism in today's society and the resulting demand for highly qualified personnel with a background in fighting cyber threats. Estimates for the exact amount of losses to global companies and governments due to cyber crime vary widely, but the paper describes a report from the UK Ministry of Defense that places the annual cost of worldwide cyber crime at $225 billion.

From the white paper, "The number of cyber attacks reported by U.S. federal agencies has skyrocketed 782% since 2006 to nearly 49,000 in 2012. Attacks jumped 13% in 2012 alone, according to the U.S. Computer Emergency Readiness Team. Perhaps it is not surprising then that in a 2009 speech, President Barack Obama stated that cyber security is 'one of the most serious economic and national security challenges we face as a nation.'"

The paper goes on to say, "Demand for cyber security professionals is growing 3.5 times faster than the demand for other IT jobs and about 12 times quicker than for all other jobs between 2005 and 2012, making it one of the country's most highly sought-after fields."

The publication of the white paper is a part of Staffing 360's investor outreach and education program. To view the full white paper (free of charge, in PDF format), please visit: www.staffing360solutions.com/content/staf_wp_cyber.pdf

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (OTCQB: STAF) is an emerging public company in the international staffing sector that intends to acquire high-growth domestic and international staffing agencies. As part of its targeted consolidation model, Staffing 360 Solutions is pursuing broad spectrum staffing companies in the IT, financial, accounting, healthcare and cyber security industries. The Company believes the staffing industry offers opportunities to create a successful public company with a longer term objective of accretive acquisitions that will drive annual revenues to a minimum of $250 million. For more information, please visit: www.staffing360solutions.com

SEC Section 17(b) Disclosure

Goldgaber Research Group ("GRG") was compensated $600 for the commissioning of this white paper by Staffing 360 Solutions, Inc. ("STAF"). Although the white paper described herein was commissioned and paid for by STAF the company notes that the paper was generated independently by the author, and statements by the author are his own and not attributable to STAF. Readers are advised to review the white paper in its entirety, including the disclosures and disclaimers noted therein.

Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.

Contact Information

  • Company Contact:

    A.J. Cervantes
    President
    Staffing 360 Solutions, Inc.
    212.634.6410
    Email Contact

    Financial Communications:

    Trilogy Capital Partners, Inc.
    Darren Minton
    President
    212.634.6413
    Email Contact