Source: Nubeva Technologies.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nubeva (NBVA) plans to begin accepting orders for its ransomware reversal product by the end of January
  • The software intercepts copies of encryption keys utilized in an attack. With keys available, decryption is not only possible but is simple and quick
  • Nubeva Technologies’ SKI (Session Key Intercept) technology offers a better, faster, easier and lower-cost alternative to legacy decryption
  • Nubeva (NBVA) is up by 5 per cent and is currently trading at $1.47 per share

Nubeva (NBVA) plans to begin accepting orders for its ransomware reversal product by the end of January.

The company has expanded its early access program to allow for pre-release testing and evaluations by prospective customers and strategic partners.

“With ransomware gangs exploiting open vulnerabilities, such a Log4j, and the general acceleration in sophistication and magnitude, we feel it is our responsibility to get this product to market as soon as possible. Our technology will allow organizations to reduce downtime and get back to business without paying the ransom in the event of an attack,” said Steve Perkins, CMO and Head of Product.

“As we have met significant internal milestones, we feel we are on track to get our solution to the market in January.”

The software intercepts copies of encryption keys utilized in an attack. With keys available, decryption is not only possible but is simple and quick. The solution is designed to fill a growing market gap between cybersecurity defenses and backup and recovery solutions that modern ransomware exploits.

Nubeva Technologies’ SKI (Session Key Intercept) technology offers a better, faster, easier and lower-cost alternative to legacy decryption.

Nubeva Technologies Ltd. (NBVA) is up 9.65 per cent, trading at C$2.16 per share at 10:45 am EST.

More From The Market Herald

" CE Brands (TSXV:CEBI) launches smart security camera

CE Brands (CEBI) subsidiary eBuyNow has launched the KODAK Infinio F882 Outdoor Security Camera.

" Psyence (CSE:PSYG) looks to expand capital market opportunities in the UK and Europe

Psyence Group Inc. (PSYG) is exploring capital market opportunities to access a broader pool of United Kingdom and European investors.

" Hemostemix (TSXV:HEM) signs services agreement with My Next Health

Hemostemix Inc. (HEM) has signed a global master services agreement with My Next Health.

" EnWave (TSXV:ENW) reveals major licensed partner

EnWave (ENW) has revealed that Colombian dairy leader, Alpina, has launched REV-dried snacks nationwide.