COLORADO SPRINGS, Colo., March 1, 2017 /PRNewswire/ — In response to remaining #1 on the Cybersecurity 500 for  Q1 2017, root9B’s Chief Executive Officer Eric Hipkins issued the following statement:

“root9B is extremely proud to remain as the #1 company on the Cybersecurity 500 for the fifth consecutive quarter. Our team continues to set the standard in the Manned Information Security and Adversary Pursuit Operations (HUNT) market. This consistent ranking adds further confidence that our approach is the critical model needed to defend our current and future clients.

“As Cybersecurity Ventures Founder and Editor-in-Chief Steve Morgan said in his company’s press release, human capital has moved ahead of technology when companies are considered for the Cybersecurity 500. There is a prolonged labor shortage in the cybersecurity industry, with more than 1 million job openings in 2017, and that is only growing. We believe root9B has the greatest collection of cyber veterans who know how to deal with diverse types of sophisticated cyber adversaries and technical vulnerabilities.

“As the organization that first introduced proactive HUNT operations to the commercial community, we have developed and refined our proprietary capabilities and methodologies to facilitate the necessary shift from automated passive technologies. We are very pleased with the response and traction we continue to gain. As we continue to witness the adversary target the commercial community, this alternative approach has proven to be the future of cyber. We are also very excited to see many organizations within the cyber community embrace the future that HUNT provides.

“According to the Cybersecurity Market Report, cybercrime continues to fuel an expanding cyber market. Cybersecurity Ventures recently predicted that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion last year and worldwide spending on cybersecurity products and services is forecast to eclipse $1 trillion for the five-year period from 2017 to 2021. As the global spotlight continues to shine on this vital space, we are once again both honored and humbled to be the top global cybersecurity company on the Cybersecurity 500.”

root9B is a wholly-owned subsidiary of root9B Holdings (NASDAQ:  RTNB), a leading provider of cybersecurity and regulatory risk mitigation services.