CyberRx Inc. is pleased to announce that the Maryland Department of Commerce has recertified the company as a Qualified Maryland Cybersecurity Seller for the Buy Maryland Cybersecurity Tax Credit.
“Cybersecurity for small businesses is even more important in the middle of the COVID-19 pandemic. More employees working from home, the significant shift to cloud solutions, and new requirements such as the Cybersecurity Maturity Model Certification (CMMC) are all demanding an increased emphasis on cybersecurity,” said CyberRx CEO, Ola Sage. “Our focus is to empower more small businesses with the guidance and tools they need to protect themselves and better represent their cybersecurity posture to customers and other stakeholders. The cybersecurity tax credit helps off-set some of the costs for smaller entities.”
The Buy Maryland Cybersecurity Tax Credit was created in 2018 and is designed to incentive Qualified Maryland Companies that purchase cybersecurity technologies and services from qualified Maryland Cybersecurity Sellers to protect their business information.
To be eligible for the tax credit a Qualified Maryland Company must have fewer than 50 employees in Maryland and be required to file an income tax return in Maryland. Qualified companies may claim a tax credit for 50% of the net purchase price of cybersecurity technologies and services purchased from a Qualified Maryland Cybersecurity Seller. This means that a Qualified Maryland Company may claim up to $50,000 in tax credits in a single tax year for purchases of cybersecurity solutions and services from CyberRx.
Learn more about the tax credit, and how to become an approved buyer on the Buy Maryland Cybersecurity website.
CyberRx is a cybersecurity risk and compliance software company. Headquartered in Silver Spring, MD, the company consults primarily with small and medium-sized businesses in regulated sectors such as finance, healthcare, life sciences, communications, and government. The company’s software-guided risk and compliance assessment tool helps companies determine their cybersecurity posture and gives them the guidance and tools to move forward with confidence in the world where new threats are a daily occurrence. For more information about CyberRx, visit https://cyber-rx.com.