Skip to content

Frustration-Free Risk Management

Simplify cybersecurity risk management and tackle your cybersecurity challenges with ease. TRAC automates the tedious risk assessment process and produces customized results that align with regulations, best practices, and your strategic goals.

May 05, 20231 min read

Press Release: SBS CyberSecurity Looks to the Future With New Ownership and Vision


MADISON, S.D. (May 5, 2023) — SBS CyberSecurity (SBS) is thrilled to announce that Chad Knutson and Jon Waldman, two of the company’s founders, acquired full ownership of the company in July of 2022.

“I have been a part of SBS since the very beginning and am proud of the company we are today. I am looking forward to the next chapter for SBS. Since this ownership change, we have put an emphasis on defining and refining our vision for the company from both business growth and company culture perspectives,” said Chad Knutson, co-founder and President of SBS.

Under the new ownership structure, SBS remains committed to empowering business leaders to make informed cybersecurity decisions. With continued emphasis on the company’s proven Information Security Program process, risk management framework, and audit work programs, the company aims to expand its reach and grow its business while continuing to provide exceptional value and expertise to its customers.

“Since the beginning of SBS, we have built a wonderful reputation with our clients on the shoulders of the quality of our work, our commitment to cybersecurity training and education, and the work of our outstanding people,” said Jon Waldman, co-founder and Chief People Officer at SBS. “Our commitment to SBS is really a commitment to our people and our clients. We couldn't be more excited about the future of SBS, and we know that we have the team, the resources, and the commitment to achieve our ambitious goals.”

SBS is entering a new era of growth and innovation. Knutson and Waldman, along with CEO Honey Shelton, took over company operations in 2020 and have worked tirelessly to expand the company's reach and capabilities. Today, SBS employs over 80 people in 23 states and serves clients nationally across all industries.

# # #

PHOTO CAPTION: SBS CyberSecurity co-founders Chad Knutson and Jon Waldman.

SBS CyberSecurity helps business leaders identify and understand cybersecurity risks to make more informed and proactive business decisions. Since 2004, SBS has been dedicated to assisting organizations with the implementation of valuable risk management programs and mitigating cybersecurity risks. SBS provides turnkey offerings tailored to each client’s needs, including risk management solutions, network security, consulting, auditing, and education.

CONTACT: Julia Miller
SBS CyberSecurity, Madison, SD
Phone: 605-480-9483