- Cybeats (CSE:CYBT) has been enlisted by the U.S. Department of Defense to deploy its software bill of materials product
- The company’s technology will be used by multiple components of the U.S. military to enable organizations to manage third-party software risk and to more quickly respond to increasingly frequent software supply chain attacks
- The demand for Cybeats’ solutions has surged, and SBOM Studio will work to detect software supply chain risks in real time, manage and track software vulnerabilities
- Cybeats Technologies Corp. opened trading at C$0.19 per share
Cybeats (CSE:CYBT) has been enlisted by the U.S. Department of Defense to deploy its cybersecurity software bill of materials (SBOM) product.
The Toronto-based cybersecurity company’s technology will be used by multiple components of the U.S. military, including the U.S. Army and U.S. Naval Air Systems Command. The technology can enable organizations to manage third-party software risk and to more quickly respond to increasingly frequent software supply chain attacks.
“Having worked extensively with U.S. forces throughout my military career, it is a profound honour to once again collaborate with the U.S. Department of Defense, the world’s largest and most formidable defence organization,” Cybeats’ CEO, Justin Leger, said in a news release. “Together with the department, we are exploring the unique challenges of software supply chain security within a military setting. These pilots represent a significant step forward for both Cybeats and the U.S. DoD as we contribute to the broader mission of national security by addressing emerging cyber threats.”
The demand for Cybeats’ solutions has surged because of executive order 14028, which established SBOM requirements and improved supply chain risk management within the U.S. government, including the Department of Defense. This directive encompasses the evaluation and swift response to supply chain vulnerabilities, assessment of vendor products for secure software development, maintenance of open-source software inventories and continuous monitoring for newly disclosed vulnerabilities and supply chain attacks.
SBOM Studio will work to detect software supply chain risks in real time, manage and track software vulnerabilities, and assist in ensuring compliance with the executive order. In 2024 alone, more than 75 per cent of software supply chains were exposed to cyberattacks and 40 per cent of organizations took a month or longer to recover.
The U.S. Department of Defense reported that its 2025 budget request was for US$850 billion.
Cybeats Technologies Corp. is an SBOM management and software supply chain intelligence technology provider. It enables organizations to manage risk, meet compliance and secure software from procurement and development through operation.
Cybeats Technologies Corp. (CSE:CYBT) opened trading at C$0.19 per share and though its stock is down 17.39 per cent year-to-date, it is up 8.57 per cent over the past three months.
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(Top photo: Cybeats Technologies Corp.)