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Be the first with the news that moves the market- Nubeva (TSXV:NBVA) applied for a U.S. patent for an AI-powered decryptor builder, enhancing its third-party Ransomware Reversal offering
- This innovative development would enable the cybersecurity company to accelerate the process of delivering customized decryptors for customers affected by new ransomware variants
- The company expects to begin deploying this technology in production later this year
- Nubeva Technologies Ltd. opened trading at $0.91 per share
Nubeva (TSXV:NBVA) applied for a U.S. patent for an AI-powered decryptor builder, enhancing its third-party Ransomware Reversal offering.
Nubeva stock was up more than 5 per cent in Thursday trading and is 11.7 per cent higher than this time last year.
This innovative development would enable the cybersecurity company to accelerate the process of delivering customized decryptors for customers affected by new ransomware variants, further reducing recovery times for ransomed organizations.
The patent-pending technology uses a private, cryptographically trained AI engine to analyze sample encrypted data using the captured keys to determine the appropriate decryption methods and mechanisms. It can then write the decryptor software, test kits and documentation to improve the efficiency of creating decryptors for novel ransomware variants. The aim is to provide quicker recovery solutions for affected organizations.
Nubeva’s CMO, Steve Perkins explained that when hit by ransomware, the top priority is getting systems back online.
“That’s where Nubeva’s primary value lies; we specialize in decrypting ransomware by capturing encryption keys, which is the hardest part of the process and something we’ve mastered,” he said. “With those keys, our expert team builds decryptors, and we continue to add to our growing library. But our vision has always been that when a customer is hit with a new variant, we build and deliver a custom decryptor within an hour.”
The company expects to begin deploying this technology in production later this year.
Nubeva Technologies Ltd. provides decryption solutions for faster, lower-cost recovery from ransomware attacks. Ransomware Reversal provides a robust protection system that decrypts data encrypted during a ransomware attack.
Nubeva Technologies Ltd. opened trading at $0.91 per share.
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