STOCK TITAN

U.S. Department of Defense Deploys Cybeats' Product for Critical Cybersecurity

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) has been enlisted by the U.S. Department of Defense to deploy its SBOM Studio platform. The technology will be used by multiple components of the US military, including the U.S. Army and U.S. Naval Air Systems Command. This deployment solidifies Cybeats' position as a trusted provider of cybersecurity solutions to the U.S. government, bringing its Software Bill of Materials (SBOM) management solution to three branches of the U.S. military.

The market for Cybeats' solutions has been propelled by Executive Order 14028, which outlined SBOM mandates and enhanced supply chain risk management across the U.S. government. SBOM Studio will identify software supply chain risks in real time, track and manage software vulnerabilities, and help ensure compliance with the executive order.

Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) è stata incaricata dal Dipartimento della Difesa degli Stati Uniti di implementare la sua piattaforma SBOM Studio. La tecnologia sarà utilizzata da diversi componenti dell'esercito statunitense, tra cui l'Esercito degli Stati Uniti e il Comando Aeronautico della Marina degli Stati Uniti. Questa implementazione rafforza la posizione di Cybeats come fornitore affidabile di soluzioni di cybersicurezza per il governo degli Stati Uniti, portando la sua soluzione di gestione della Software Bill of Materials (SBOM) a tre branche dell'esercito statunitense.

Il mercato delle soluzioni di Cybeats è stato stimolato dal Decreto Esecutivo 14028, che ha delineato i mandati SBOM e migliorato la gestione del rischio della catena di approvvigionamento nel governo degli Stati Uniti. SBOM Studio identificherà in tempo reale i rischi della catena di approvvigionamento del software, monitorerà e gestirà le vulnerabilità del software e contribuirà a garantire la conformità con il decreto esecutivo.

Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ha sido contratada por el Departamento de Defensa de los Estados Unidos para implementar su plataforma SBOM Studio. La tecnología será utilizada por múltiples componentes del ejército de EE. UU., incluidos el Ejército de EE. UU. y el Comando de Sistemas Aéreos Navales de EE. UU.. Esta implementación consolida la posición de Cybeats como un proveedor de confianza de soluciones de ciberseguridad para el gobierno de EE. UU., llevando su solución de gestión de la Software Bill of Materials (SBOM) a tres ramas del ejército de EE. UU.

El mercado de las soluciones de Cybeats ha sido impulsado por el Decreto Ejecutivo 14028, que delineó los mandatos SBOM y mejoró la gestión de riesgos de la cadena de suministro en el gobierno de EE. UU. SBOM Studio identificará en tiempo real los riesgos de la cadena de suministro de software, rastreará y gestionará las vulnerabilidades del software, y ayudará a garantizar el cumplimiento con el decreto ejecutivo.

Cybeats Technologies Corp.(CSE: CYBT)(OTCQB: CYBCF)가 미국 국방부에 의해 SBOM Studio 플랫폼을 배포하도록 선정되었습니다. 이 기술은 미국 육군과 미국 해군 항공 시스템 사령부를 포함한 여러 미국 군의 구성 요소에 의해 사용될 것입니다. 이번 배포는 Cybeats가 미국 정부를 위한 사이버 보안 솔루션의 신뢰할 수 있는 공급자로 자리잡는 것을 확고히 하며, 세 개의 미국 군 복무 부문에 Software Bill of Materials(SBOM) 관리 솔루션을 제공합니다.

Cybeats의 솔루션 시장은 행정명령 14028에 의해 촉진되었으며, 이 명령은 SBOM 의무 사항을 명시하고 미국 정부의 공급망 위험 관리를 강화했습니다. SBOM Studio는 소프트웨어 공급망 위험을 실시간으로 식별하고, 소프트웨어 취약점을 추적 및 관리하며, 행정명령을 준수하는 데 기여할 것입니다.

Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) a été retenue par le Département de la Défense des États-Unis pour déployer sa plateforme SBOM Studio. Cette technologie sera utilisée par plusieurs entités de l'armée américaine, y compris l'Armée des États-Unis et le Commandement des systèmes aériens de la Marine américaine. Ce déploiement renforce la position de Cybeats en tant que fournisseur de confiance de solutions de cybersécurité pour le gouvernement américain, apportant sa solution de gestion de la Software Bill of Materials (SBOM) à trois branches de l'armée américaine.

Le marché des solutions de Cybeats a été propulsé par le Décret Exécutif 14028, qui a défini les mandats SBOM et renforcé la gestion des risques de la chaîne d'approvisionnement au sein du gouvernement américain. SBOM Studio identifiera en temps réel les risques de la chaîne d'approvisionnement logicielle, suivra et gérera les vulnérabilités logicielles et contribuera à garantir la conformité au décret exécutif.

Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) wurde vom Verteidigungsministerium der Vereinigten Staaten beauftragt, seine SBOM Studio-Plattform bereitzustellen. Diese Technologie wird von mehreren Komponenten des US-Militärs verwendet, darunter das US-Army und das US Naval Air Systems Command. Diese Implementierung festigt die Position von Cybeats als vertrauenswürdigen Anbieter von Cybersicherheitslösungen für die US-Regierung und bringt die Software Bill of Materials (SBOM) Managementlösung in drei Zweige des US-Militärs.

Der Markt für Cybeats-Lösungen wurde durch Executive Order 14028 angekurbelt, die SBOM-Vorgaben festlegte und das Risikomanagement in der Lieferkette der US-Regierung verbesserte. SBOM Studio wird in Echtzeit Risiken der Software-Lieferkette identifizieren, Softwareanfälligkeiten verfolgen und verwalten sowie zur Einhaltung des Erlasses beitragen.

Positive
  • Deployment of SBOM Studio platform by the U.S. Department of Defense
  • Expansion to multiple branches of the U.S. military, including Army and Naval Air Systems Command
  • Recognition as the only commercial service featured for managing SBOMs in the NSA and DoD's 2023 recommended best cyber practices report
  • Market growth driven by Executive Order 14028 mandating enhanced supply chain risk management
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats'' or the "Company"), a global leader in software supply chain security, is pleased to announce that it has been enlisted by the U.S. Department of Defense to deploy its SBOM Studio[1] platform.

As part of this deployment, Cybeats' industry-leading software supply chain technology will be used by multiple components of the US military, including the U.S. Army and U.S. Naval Air Systems Command. This project further solidifies Cybeats' position as a trusted provider of cybersecurity solutions to the U.S. government, and brings Cybeats' Software Bill of Materials ("SBOM") management solution to three branches of the U.S. military. Cybeats enables organizations to manage third-party software risk and to more quickly respond to increasingly frequent software supply chain attacks. The Department of Defense 2025 budget request was for $850 billion USD.[2]

"Having worked extensively with U.S. forces throughout my military career, it is a profound honor to once again collaborate with the U.S. Department of Defense, the world's largest and most formidable defense organization," said Justin Leger, CEO of Cybeats. "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 market for Cybeats' solutions has been propelled by Executive Order 14028, which outlined SBOM mandates and enhanced supply chain risk management across the U.S. government, including the Department of Defence. This includes assessment and rapid response to supply chain vulnerabilities, evaluate vendor products for security software development, maintain inventories of open source software, and persistently monitor for newly disclosed vulnerabilities and supply chain attacks.[3]

As the industry's first and leading software bill of materials (SBOM) manager, SBOM Studio will identify software supply chain risks in real time, track and manage software vulnerabilities, and help ensure compliance with Executive Order 14028. This marks Cybeats' second deployment with a major U.S. government agency, further solidifying Cybeats' role in national cybersecurity efforts. In the past year alone, more than 75% of software supply chains were exposed to cyberattacks -and 40% of organizations took a month or longer to recover.[4] With the key benefits of vulnerability monitoring, automated risk analysis, and regulatory compliance, SBOM Studio helps its clients achieve improved cybersecurity outcomes, serving a broad range of users in the software supply chain.[5]

The National Security Agency and the U.S. Department of Defense released its 2023 recommended best cyber practices report, where Cybeats' SBOM Studio[6] product is the only commercial service featured for managing SBOMs[7]. Learn more here about how Cybeats can help you to manage risk and meet evolving cyber regulatory requirements.

About Cybeats

Cybeats is a cybersecurity company providing Software Bill of Material (SBOM) management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. Our platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency and increase revenue. Cybeats. Software Made Certain. Website: https://cybeats.com

SUBSCRIBE: For more information, or to subscribe to the Company's mail list, visit: https://www.cybeats.com/investors

Contact:
James Van Staveren
Corporate Development
Phone: 1-888-713-SBOM (7266)
Email: ir@cybeats.com

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the products described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Company filings are available at sedarplus.ca.


[1] https://www.cybeats.com/sbom-studio
[2] https://www.defense.gov/News/Releases/Release/Article/3703410/
[3]https://www.whitehouse.gov/briefing-room/presidential-actions/2021/05/12/executive-order-on-improving-the-nations-cybersecurity/
[4]https://www.blackberry.com/us/en/company/newsroom/press-releases/2024/software-supply-chain-attack-have-increased-financial-and-reputational-impacts-on-companies-globally-new-blackberry-research-reveals
[5] https://www.cisa.gov/sbom
[6] https://www.cybeats.com/sbom-studio
[7]https://media.defense.gov/2023/Dec/11/2003355557/-1/-1/0/ESF_SECURING_THE_SOFTWARE_SUPPLY_CHAIN%20RECOMMENDED%20PRACTICES%20FOR%20MANAGING%20OPEN%20SOURCE%20SOFTWARE%20AND%20SOFTWARE%20BILL%20OF%20MATERIALS.PDF

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224371

FAQ

What is the significance of Cybeats Technologies Corp. (CYBCF) being enlisted by the U.S. Department of Defense?

This deployment solidifies Cybeats' position as a trusted provider of cybersecurity solutions to the U.S. government and brings its SBOM management solution to three branches of the U.S. military, enhancing national security efforts.

How does Executive Order 14028 impact Cybeats Technologies Corp. (CYBCF)?

Executive Order 14028 has propelled the market for Cybeats' solutions by mandating SBOM and enhanced supply chain risk management across the U.S. government, including the Department of Defense.

What specific U.S. military branches will be using Cybeats Technologies Corp. (CYBCF) SBOM Studio platform?

The SBOM Studio platform will be used by multiple components of the US military, including the U.S. Army and U.S. Naval Air Systems Command.

How does Cybeats Technologies Corp. (CYBCF) SBOM Studio help with cybersecurity?

SBOM Studio identifies software supply chain risks in real time, tracks and manages software vulnerabilities, and helps ensure compliance with Executive Order 14028, improving overall cybersecurity outcomes.

CYBEATS TECHNOLOGIES CORP

OTC:CYBCF

CYBCF Rankings

CYBCF Latest News

CYBCF Stock Data

12.57M
115.87M
1.77%
Software - Infrastructure
Technology
Link
United States of America
Toronto