What changed in this filing

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Item 1. Business

2024-09-30 compared with 2023-10-06 · 37 added, 29 removed, 58 unchanged (53% of the section changed)

9 unchanged sentences

In March 2018, the Company brought in a new management team and changed its name to Visium Technologies, Inc.

Visium is a provider of cyber security visualization, big data analytics and automation that operates in the traditional cyber security space, as well as in the Internet of Things and data analytics spaces.

Visium is a provider of IT infrastructure professional services including network engineering, system engineering, converged infrastructure deployment, software development, and cybersecurity services.

Visium’s proprietary cyber security visualization, big data analytics and automation platform operates in the traditional cyber security space, as well as in the Internet of Things and data analytics spaces.

In March 2019, Visium entered into a software license agreement with MITRE Corporation to license a patented technology known as CyGraph, a tool for cyber warfare analytics, visualization and knowledge management.

CyGraph is a military-grade, highly scalable big data analytics tool for cyber security, based on graph database technology.

The development of the technology was sponsored by the US Army and is currently in use by the U.S.

CyGraph is a military-grade, highly scalable big data analytics tool for cyber security, using graph database technology.

The development of the technology was sponsored by the US Army and is currently in use by U.S.

Army Cyber Command.

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The commercialization efforts included adding functionality to the core technology to make it a native cloud application, adding multi-user and multi-tenant capability, enhancing the graphical user interface, (“GUI”) to make the application more intuitive to use, and adding enhanced dashboard and reporting capabilities.

TruContext would typically be deployed by an enterprise and be used by the security analyst to intuitively understand the massive amount of data flowing through the network environment, giving the analyst actionable information in real-time to ensure that the network is protected from threats.

TruContext TM would typically be deployed by an enterprise and be used by the security analyst to intuitively understand the massive amount of data flowing through the network environment, giving the analyst actionable information in real-time to ensure that the network is protected from threats.

The analyst will understand the relationships of the assets in the data center, the communication patterns, and cybersecurity exposures, in real-time.

TruContext provides visualization, advanced cyber monitoring intelligence, threat hunting, forensic and root cause analysis, data modeling, analytics, and automation to help reduce risk, simplify security, and deliver better security outcomes.

The Company is entering the digital transformation and data center design and construction market after it landed a contract in November, 2023 valued at over $20 million from its partner, Cybastion Institute of Technology.

The contract is to oversee the design and construction of data centers in the Republic of Côte d’Ivoire and the Republic of Benin.

Visium is tasked with creating data centers that meet specific requirements and standards, ensuring optimal performance and reliability.

The scope of work includes data center architecture and design, power civil engineering, controls and distribution systems, rack layouts, network topology, vendor high availability, and a comprehensive security stack solution which will include Visium’s proprietary TruContext TM cybersecurity platform.

As of September 30, 2024 no activity has occurred pursuant to this contract.

The TruContext TM platform provides visualization, advanced cyber monitoring intelligence, threat hunting, forensic and root cause analysis, data modeling, analytics, and automation to help reduce risk, simplify security, and deliver better security outcomes.

Our mission is to help people see and understand data, empowering decision-makers to make more informed and more timely decisions.

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By putting powerful analytical technology directly into the hands of people who make decisions with data, we accelerate the pace of informed and intelligent decision-making.

Our TruContext platform enables our customers to reduce or streamline their siloed and layered security products, simplifying operations while providing a comprehensive solution.

Our TruContext TM platform enables our customers to reduce or streamline their siloed and layered security products, simplifying operations while providing a comprehensive solution.

Our solution automates certain previously manual tasks, freeing up personnel to focus on their most important objectives.

TruContext can be deployed in a broad range of use cases such as cyber security threat intelligence and forensics, IT/OT critical infrastructure security, supply chain analytics, anti-fraud, law enforcement, compliance, and health care.

TruContext TM can be deployed in a broad range of use cases such as cyber security threat intelligence and forensics, IT/OT critical infrastructure security, supply chain analytics, anti-fraud, law enforcement, compliance, and health care.

For example, a breach of your network might go undetected for months, as was the case with the Solar Winds hack that occurred in 2019-2020.

In that case the hackers went undetected for 14 months.

A Solar Winds type breach may not be preventable, but with TruContext analyzing streaming network data in real-time, this hack would almost certainly have been identified and remediated very quickly by the affected enterprise.

TruContext is a very effective tool for proactively and iteratively searching through networks to detect and isolate advanced threats that evade existing security solutions.

Should a breach occur, TruContext can quickly perform forensics and root cause analysis, identifying when an incident occurred, how it occurred, and the downstream effects of the incident to the network.

A Solar Winds type breach may not be preventable, but with TruContext TM analyzing streaming network data in real-time, this hack would almost certainly have been identified and remediated very quickly by the affected enterprise.

TruContext TM is a very effective tool for proactively and iteratively searching through networks to detect and isolate advanced threats that evade existing security solutions.

Should a breach occur, TruContext TM can quickly perform forensics and root cause analysis, identifying when an incident occurred, how it occurred, and the downstream effects of the incident to the network.

One of the top challenges faced by Security practitioners is to keep up with the increase in new cyber-attacks while investigating and remediating existing threats.

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Root cause analysis and forensics are key to intelligently securing the network.

TruContext directly addresses these challenges by:

TruContext TM directly addresses these challenges by:

Providing real-time comprehensive visualized information on security events, that

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The real-time ingestion of and visualization of massive amounts of data simplifies the cyber effort, allowing the cyber analyst to intuitively understand the security posture of the organization at a glance.

Using TruContext makes the cyber analyst significantly more productive by eliminating false positives and prioritizing threat events.

TruContext ingests cyber data from any source , making the data generated by other cyber tools easily understood and actionable.

TruContext give the security analyst the ability to combine, layer, filter, and query data with a no-code user interface in a way that no other analytics platform can do.

Using TruContext TM makes the cyber analyst significantly more productive by eliminating false positives and prioritizing threat events.

TruContext TM ingests cyber data from any source , making the data generated by other cyber tools easily understood and actionable.

TruContext TM give the security analyst the ability to combine, layer, filter, and query data with a no-code user interface in a way that no other analytics platform can do.

There are some sophisticated and powerful cybersecurity tools currently available, but they all lack one thing – providing a comprehensive contextualized understanding of the data.

Analysts have too many tools that don’t communicate, creating silos of data/information.

TruContext brings all the information for a comprehensive visualization.

TruContext TM brings all the information for a comprehensive visualization.

On average, according to CrowdStrike, the time from breach to harm caused by threat actors is 98 minutes making the ability to:

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Perform threat hunting critically important for the security analyst.

Using the MITRE ATT&CK framework, along with other open source intelligence information, TruContext can hunt threats beyond the physical network boundary so that the analyst fully understands his security posture in real time.

TruContext leverages MITRE’s ATT&CK ® framework, which is a globally-accessible knowledge base of adversary tactics and techniques based on real-world observations.

Using the MITRE ATT&CK framework, along with other open source intelligence information, TruContext TM can hunt threats beyond the physical network boundary so that the analyst fully understands his security posture in real time.

TruContext TM leverages MITRE’s ATT&CK ® framework, which is a globally-accessible knowledge base of adversary tactics and techniques based on real-world observations.

The ATT&CK knowledge base is used as a foundation for the development of specific threat models and methodologies in the private sector, in government, and in the cybersecurity product and service community.

A use case example for TruContext would be in the event sensitive data is being exfiltrated from your network to an external IP address.

TruContext has the capability to identify this activity and provide alerts that would allow the cyber analyst to quickly remediate the problem.

Another example for TruContext would be the analysis of millions of unemployment insurance claims by a state government that identifies patterns to identify potential fraud.

If 30 claims are submitted that are tied to a single bank account, or address, or social security number, TruContext would be able to identify these anomalies in real-time.

TruContext offers new methods of uncovering fraud rings and other complex scams with a high level of accuracy through advanced contextual link analysis, and is capable of stopping advanced fraud scenarios in real time.

This is currently a significant problem in every state, costing billions of dollars annually.

One last example of how TruContext can be used by law enforcement in the context of police investigations.

TruContext can analyze highly connected data in real time from any source and make connections which help police solve crime.

A use case example for TruContext TM would be in the event sensitive data is being exfiltrated from your network to an external IP address.

TruContext TM has the capability to identify this activity and provide alerts that would allow the cyber analyst to quickly remediate the problem.

Another example of how TruContext TM can be used by law enforcement in the context of police investigations.

TruContext TM can analyze highly connected data in real time from any source and make connections which help police solve crime.

Connections are quickly made between persons, objects, locations, and events (the POLE model), generating insights into patterns of behaviors and incidents.

Using real-time data with TruContext helps investigators be proactive and prevent crime or other incidents, rather than only reacting after an incident has occurred.

Using real-time data with TruContext TM helps investigators be proactive and prevent crime or other incidents, rather than only reacting after an incident has occurred.

Visium currently plans to generate revenue in three (3) primary ways:

through a virtual appliance model , primarily targeted to the Federal government, charging an annual seat license, with the seat license fee increasing based on the size of the network environment ;

through a SaaS model , charging a recurring monthly license fee for TruContext based on the size of the network environment and the number of TruContext Identifiers (nodes);

through professional services to support and deliver cybersecurity solutions and services to its customers, billed on an hourly basis, and delivered through a service contract for implementation and data science services.

through a SaaS model , charging a recurring monthly license fee for TruContext TM based on the size of the network environment and the number of TruContext TM Identifiers (nodes);

through professional services to support and deliver IT infrastructure and cybersecurity solutions and services to its customers delivered through a service contract for implementation and data science services.

Partnership Ecosystem

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Our telephone number is (703) 273-0383.

Our common stock is quoted on the OTC Pink under the symbol “VISM”.

Our common stock is quoted on the OTC Pink Market under the symbol “VISM”.

The last reported sales price of our common stock on the OTC Pink on September [20], 2024, was $0.0027.

Recent Developments

Resignation of Directors

On July 25, 2024, the Company received written notice from Wayne Monk, Dr.

Emmanuel Esaka, and Solomon Adote of their resignations as a members of the Board of Directors (“Board”) of the Company, effective immediately.

Esaka’s, and Mr.

Adote’s respective decisions to resign from the Board were not the result of any disagreement with the Company, the Board, management, or any matter relating to the Company’s operations, policies or practices.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business