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Nubeva Technologies (TSXV:NBVA) announces success against ransomware attack

Technology
TSXV:NBVA
10 August 2022 11:15 (EDT)

Source: Nubeva Technologies.

Nubeva Technologies (NBVA) announced decryption success in an attack involving a large public school district.

Nubeva’s system was able to successfully decrypt every byte of encrypted data.

Nubeva’s Ransomware Reversal technology decrypts ransomware without negotiating or paying for ransomware keys and decryptors. Users recover faster, easier, and with less data loss than paying ransoms or restoring from backups. Customers experience an overall reduction in recovery costs and, more importantly, reduced damages from to downtime.

“Nubeva can decrypt most ransomware, not just the older and exposed software, but the newest and most active that is hitting organizations today,” said Steve Perkins, CMO at Nubeva.

“While Nubeva has successfully decrypted thousands of ransomware in our labs, decrypting another live ransomware attack proves that our technology can make a big impact in the fight against ransomware. Our mission is to enable businesses to never pay ransoms again.”

Nubeva Ransomware Reversal, released in Q1, 2022, is a decryption solution for ransomware attacks. Nubeva markets its software subscriptions to businesses and organizations directly and through a growing list of resellers, MSSP (managed security service providers), and IR (incident response) partners.

Nubeva Technologies Ltd. (NBVA) is up 35.44 per cent on the day, trading at C$1.07 per share at 11:15 am ET.


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