HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and services, is reporting another significant achievement resulting from its collaboration with Blackswan Technologies Ltd, a leading U.S. enterprise-artificial intelligence (“AI”) vendor. The two companies are collaborating to provide a joint solution under a $3.2 million, five-year agreement with one of Europe’s top-tier banks. With the agreement, HUB marked its expansion into the finance sector, where its unique transaction monitoring and screening process, which specifically targets high-volume data traffic, can be leveraged by global financial institutions to strengthen their data-monitoring infrastructure. “This marks another significant milestone in our collaboration with Blackswan Technologies Ltd., representing a crucial advancement for HUB Cyber Security’s penetration into the global financial markets,” said HUB Cyber Security CEO Noah Hershcoviz in the press release. “We are greatly encouraged by the trust shown by a prestigious bank in our capacity to provide essential solutions for its multinational infrastructure. This marks one more milestone of our journey to broaden our client base and extend our presence into new territories, further cementing HUB’s position as a key player in the data-fabric domain.”
To view the full press release, visit https://ibn.fm/5PwUe
About HUB Cyber Security Ltd.
HUB Cyber Security was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The company specializes in unique cybersecurity solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data-theft prevention solutions. HUB Security operates in more than 30 countries and provides innovative cybersecurity computing appliances, as well as a wide range of cybersecurity services worldwide. For more information about the company, please visit www.HUBSecurity.com.
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