Source: Cybeats Technologies Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cybeats Technologies (CYBT) has begun a partnership with Device Authority to provide end to end compliance and operational efficiencies to IoT devices
  • Cybeats aims to work with Device Authority to broaden the reach of its SBOM Studio product to a wider range of businesses and partners
  • The partnership is expected to enable the improvement of the resilience and security of the software supply chain of customers’ IoT applications, increasing their operational efficiency and automation at scale
  • Cybeats Technologies Corp. (CYBT) was up 6.43 per cent trading at C$1.49 per share as of 10:10 am ET

Cybeats Technologies (CYBT) has begun a partnership with Device Authority to provide end-to-end compliance and operational efficiencies to IoT devices.

Through this partnership, Cybeats aims to work with Device Authority to broaden the reach of its SBOM Studio product to a wider range of businesses and partners.

SBOM Studio simplifies and automates SBOM management and ultimately improves the return on investment of SBOM adoption across organizations. The partnership is expected to enable the improvement of the resilience and security of the software supply chain of customers’ IoT applications, increasing their operational efficiency and automation at scale.

Device Authority’s CEO, Darron Antill, explained that the enhanced integrity of the software supply chain that will result from compliance with the executive order and the upcoming EU Cyber Resilience Act is an important catalyst for securing supply chains at scale.

“Compliance is not possible where machine identity issuance and management is seen as a manual task, and automated continual assurance is a vital component of achieving zero trust security.”

Yoav Raiter, Cybeats’ CEO, added that this partnership will expand the global reach of SBOM Studio to new organizations within its business and partnership ecosystem.

“SBOM adoption is accelerating around the world, in part by advancing government regulations, and our SBOM Studio is leading the way forward as organizations increasingly look to implement SBOMs to protect their software supply chains.”

Many in the IoT and IT industries are awaiting these SBOM regulations, as security is seen as a “one-time event,” and the team feels that little is being done to solve the need for ongoing device validation. This partnership aims to provide end-to-end device security and enhance security applications for zero trust defence with SBOM validation, continuous assurance and authorization.

Cybeats is a cybersecurity company providing SBOM management and software supply chain intelligence technology. It helps organizations manage risk, meet compliance requirements, and secure their software from procurement to development and operation.

Cybeats Technologies Corp. (CYBT) was up 6.43 per cent, trading at C$1.49 per share as of 10:10 am ET.


More From The Market Herald

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.
First Hydrogen Corp. - CEO of Automotive, Steve Gill.

" First Hydrogen (TSXV:FHYD) unveils next gen FCEV images

First Hydrogen (FHYD) has received the initial Generation II images for its hydrogen fuel cell vehicle (FCEV), designed in collaboration with EDAG Group.
The Tugaske Project.

" Gensource Potash (TSXV:GSP) closes non-brokered private placement

Gensource Potash Corporation (GSP) has closed its previously announced non-brokered private placement of units and flow-through common shares.