A five-year contract to deploy cyber protective data-fabric solutions for transaction monitoring and cyber risk mitigation. Management anticipates that this contract will yield a significant impact on the 2024 financial results, with the total future potential being substantially higher.
HUB Cyber Security Ltd, a developer of Confidential Computing cyber security solutions and services , announces another significant achievement of its collaboration with Blackswan Technologies Ltd., a leading U.S. enterprise-AI vendor, to provide a joint solution under a landmark five-year agreement with one of Europe’s top-tier banks. This agreement marks HUB’s expansion into the finance sector, leveraging its novel transaction monitoring and screening process targeted specifically for high-volume data traffic of global financial institutions.
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Under this five-year (and three-step) contract, HUB is poised to significantly strengthen the bank’s data monitoring infrastructure with per-transaction confidential computing security. This will become an integral component of the bank’s Secure Data Fabric roadmap.
Noah Hershcoviz, CEO of HUB Cyber Security, stated, “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. 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.”
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HUB Cyber Security Ltd (“HUB Security”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The Company specializes in unique cyber security solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution to prevent hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB Security operates in over 30 countries and provides innovative cybersecurity computing appliances and a wide range of cybersecurity services worldwide.
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