HUB Cyber Security (NASDAQ: HUBC), a confidential computing cybersecurity solution provider, today announced a significant expansion of its collaboration with Blackswan Technologies Ltd., a leading U.S. AI vendor, to provide a joint solution for enterprise confidential computing to the financial sector. Under an agreement recently signed by Blackswan Technologies with one of Europe’s largest financial institutions, HUB undertook to provide confidential computing cybersecurity solutions to safeguard the bank’s critical data assets in their most vulnerable state – while undergoing processing. The framework agreement was signed for a 3-year term with the potential for a 24 month extension. “Our partnership with Blackswan is expected to yield a significant increase in our customer pipeline as they are prominent in the banking, credit and investment communities – all major sectors – that have a cyber security hole that we know how to fill,” Noah Hershcovitz, HUB’s chief strategy officer, said of the collaboration. “This is an initial step towards an expansion on both clientele and new geographies for HUB’s business.”
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About HUB Security Ltd.
HUB Cyber Security (“HUB 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 over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
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