SAN JOSE, Calif., June 30, 2022 (GLOBE NEWSWIRE) — Nubeva Technologies (TSX-V: NBVA, OTC: NBVAF)a pioneer in next-generation ransomware solutions, announces strategic partnership with Arcas Risk ManagementInc.a leading company in cyber risk management, specialized in providing quality services, historically reserved for large companies, small and medium-sized organizations.
“As part of a live response engagement, we deployed Nubeva to protect against ransomware reinfection, which is common when restoring systems from backups,” said Robert Fitzgerald, CEO of Arcas Risk Management. “Arcas Risk was able to get the client back online quickly and with greater confidence for our client. Following the engagement, we sold the customer a network-wide deployment to protect against future ransomware attacks and hope to repeat with all of our customers.
Nubeva’s Ransomware Reversal solution captures ransomware encryption keys at the time of attack, allowing victim organizations to decrypt locked files without paying the ransom. Additionally, Nubeva’s software collects vital metadata about the attack to aid in incident response, dramatically reducing time during triage, data recovery and system rebuild.
“We have been working with Arcas Risk Management for a few months and are very excited about this partnership,” said Steve Perkins, CMO and Chief Product Officer at Nubeva. “The Arcas team’s decades of knowledge and experience in-house have been invaluable in uncovering expanded uses of our technology, validating the time and cost savings associated with avoiding ransom negotiations and, in overall, extending the reach of our solution. We are delighted to be part of their already excellent track record. »
With this announcement, Arcas Risk now offers Nubeva’s Ransomware Reversal technology through product resale, inclusion in incident response engagements; and implemented Nubeva as a core offering in Arcas’ compliance and risk management SOC services known as Arcas Arrow.
Learn more – Technical Webinar: The 5 Myths of Ransomware and the Realities of the Response on July 27, 2022 at 11:00 a.m. PST.
Nubeva develops and licenses B2B software for next-generation software solutions with a focus on ransomware. The company’s patented and award-winning SKI technology enables advanced decryption solutions, including ransomware reversal – the ability to quickly decrypt and recover from ransomware attacks without paying the ransom, and TLS visibility – the ability to decrypt universally TLS/SSL network traffic enabling deep packet inspection for cybersecurity and application assurance applications. The company licenses its software to enterprise end users, managed security service providers, incident responders, and manufacturers of cybersecurity solutions and applications.
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and cybersecurity industry outlook. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments, as well as other factors it deems appropriate, that the expectations reflected in this forward-looking information are reasonable, it does not should not be unduly relied upon as the Company cannot guarantee that they will prove to be accurate. Actual results and developments may differ materially from those contemplated by such statements. The statements contained in this press release are made as of the date of this release, and the Company assumes no responsibility to update or revise them to reflect new events or circumstances other than those required by the laws on the applicable securities. The Company undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding the Company, its subsidiaries, their securities or their respective financial or operating results (if any).
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