Thursday, October 13, 2022

Nubeva announces first sale of a reverse ransomware solution to the higher education market

Nubeva technology fills the education market gap and provides organizations with ransom-free decryption protection and resilience from ransomware attacks

SAN JOSE, CA, Oct 13, 2022 (GLOBE NEWSWIRE) — Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) today announced a software partnership with a Midwest college. The college is among a growing number of higher education institutions that are taking proactive steps to combat ransomware and other cyber attacks.

“While Nubeva technology continues to prove successful, it has expanded its reach into new markets and customers. This sale is a first for an important and untapped market: institutions of higher education,” said Steve Perkins, chief marketing officer of Nubeva. Strong to match mature Nubeva products to the market.”

The sale verifies market demands and product compatibility with Nubeva’s advanced ransomware protection solutions.

“It is clear that education – and higher education in particular – needs to take the threat of cyber attacks seriously,” said the college’s head of technology. We have made a serious review of our defensive strategy. We are confident that Nubeva technology will secure the critical gap in our cyber resilience and advance our business continuity plan. It’s the right kind of insurance against ransomware attacks that will happen across the education sector.”

Educational institutions are at risk of ransomware attacks and have become easy targets.

“A recent report by Sophos found that 64 percent of higher education institutions were attacked by ransomware in the last year alone, up from 37 percent in the previous year,” said Steve Perkins. “Nubeva’s approach to ransomware protection is unique within the market and provides a much-needed source of resilience to an industry that houses large amounts of critical data and relies heavily on its systems for day-to-day operations.”

“While we regularly see evidence of education-related cyberattacks in the news—including the eventual shutdown of Lincoln College and the recent attack on Los Angeles School District—we are pleased to find a cybersecurity solution that fits our institution’s needs,” said the college’s IT representative. Our college has a fast and easy way to decrypt modern ransomware attacks – something almost unprecedented in the industry.”

Nubeva’s technology captures the ransomware’s encryption keys at the moment of the attack, enabling victim organizations to decrypt locked files without paying the ransom. In addition, Nubeva software collects vital metadata about the attack to help respond to incidents, which greatly aids in screening, investigations, and threat removal.

Nubeva ransomware reverse software is easy to implement, operate, and customizable, making it a viable solution for schools and organizations of any size. It’s available to end-user organizations, managed security service providers, incident responders, and manufacturers of cybersecurity solutions. More details about Nubeva ransomware recovery and recovery capabilities are available here.

About Nubeva Technologies

Nubiva Technologies Provides next-generation decryption solutions for faster and less costly recovery from ransomware attacks. Its mission is to reduce downtime costs and damages so that companies never pay ransom again.

forward-looking statements

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current circumstances and expected future developments, and other factors considered appropriate that the expectations reflected in this forward-looking information are reasonable, it should not rely undue upon them because the Company cannot provide any guarantee that they will prove their health. Actual results and developments could differ materially from those contemplated in these statements. The statements 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 conditions other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, forecasts or statements made by third parties regarding the Company, its affiliates, securities, financial or operating results (as applicable).

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

For additional information or to schedule interviews, please contact:

Steve Perkins
Chief Marketing Officer, Nubeva
sperkins@nubeva.com
(714) 261-9948

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Originally published at San Jose News Bulletin

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