Source: Nubeva Technologies.
  • Nubeva (NBVA) announces expanded efforts to help architectural, engineering, and construction (AEC) firms better protect themselves from ransomware attacks
  • The software solution enables organizations to decrypt files and systems locked during a ransomware attack to restore operations faster than other solutions
  • The software is simple to install across distributed environments, has next to zero ongoing maintenance, and is priced for widespread adoption across companies of all sizes
  • Nubeva develops and licenses B2B software for next-generation cybersecurity solutions with a focus on ransomware
  • Nubeva Technologies Ltd (NBVA) was down 3.85 per cent, trading at C$1.00 per share at 2.00 pm ET

Nubeva (NBVA) is focusing on helping architectural, engineering, and construction (AEC) firms better protect themselves from ransomware attacks.

Based on industry-specific feedback and strong early adoption, the company is increasing its focus on the AEC as there is a clear need and fit for Nubeva’s new breakthrough solution across the entire industry.

These organizations play a vital role in building and maintaining critical infrastructure, making them prime targets for ransomware. Due to industry-specific dynamics and computing models, findings are conclusive that the AEC industry experiences as much as 2x the ransomware attack rates as other industries.

Andy Knauf, CIO of Mead & Hunt commented on the news.

“When I first heard about Nubeva’s ability to decrypt ransomware from a colleague, I was skeptical. But when we studied and tested it, we quickly realized this was the missing link  in our security strategy and a silver bullet for attacks that get past our firewalls, EDR, backups, and other systems. Ransomware Reversal essentially provides instant protection as my team was able to fully deploy Nubeva across all of our systems in hours, not weeks or months. It was really easy.”

Nubeva’s ransomware reversal solution fills a gap for when ransomware gets past security systems, and organizations must recover quickly. The software solution enables organizations to decrypt files and systems locked during a ransomware attack to restore operations faster than other available solutions.

The software is simple to install across distributed environments, has next to zero ongoing maintenance, and is priced for widespread adoption across companies of all sizes.

“It is clear that there is a vital need in this industry. We have booked and billed over $500,000 of contracts in its first 100 days of product availability, with a majority of orders coming from the AEC industry,” said Steve Perkins, CMO at Nubeva.

Nubeva develops and licenses B2B software for next-generation cybersecurity solutions with a focus on ransomware. The company enables deep packet inspection for cybersecurity and application monitoring systems and services.

Nubeva Technologies Ltd (NBVA) was down 3.85 per cent, trading at C$1.00 per share at 2.00 pm ET.

More From The Market Online

Record new users sign up to Bitcoin Well after popular YouTube feature

Non-custodial crypto business Bitcoin Well (TSXV:BTCW) announces it has signed up a record number of new users to its platform.

Nerds On Site launches AI subsidiary

Nerds on Site (CSE:NERD) reveals the launch of a new artificial intelligence subsidiary called NOS Technical Services.

Activist investor seeks to overhaul WonderFi board

KAOS Capital, an activist investor and major WonderFi (TSX:WNDR) shareholder, plans to propose five nominations to the crypto stock's board.

Energy management stock signs credit agreement and reduces debt

Kontrol Technologies (NEO:KNR) announces it has signed an amended credit agreement with its secured lender and exited forbearance.