Nubeva Announces Decryption Success Against Advanced Hive Ransomware in Public School Attack

Rhea-AI Summary

Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) has successfully decrypted data from a Hive ransomware attack on a large public school district. Their Ransomware Reversal technology allows for recovery without negotiating ransom payments, leading to quicker data recovery and lower costs. With the capability to decrypt both older and newer ransomware strains, Nubeva aims to eliminate the need for ransom payments entirely. The technology was launched in Q1 2022 and is marketed to businesses through direct sales and partnerships with MSSPs and IR partners.

Positive

• Successful decryption of Hive ransomware for a public school district demonstrates effectiveness of Nubeva's technology.
• Ransomware Reversal technology enables faster and cost-efficient recovery without paying ransoms.
• Ability to decrypt both new and existing ransomware strengthens Nubeva's market position.
• Growing partnerships with resellers and security providers may enhance market reach and adoption.

Negative

• None.

SAN JOSE, Calif., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) announces decryption success on the latest version of Hive ransomware 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 the nextgen decryption solution for faster and lower cost recovery from 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.

Learn more about Nubeva’s Ransomware Decryption here.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments, and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release, and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations, or statements made by third parties regarding the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

For additional information, please contact:
Steve Perkins
sperkins@nubeva.com
(714) 261-9948

FAQ

What recent achievement did Nubeva Technologies accomplish regarding ransomware?

Nubeva successfully decrypted data from a Hive ransomware attack on a public school district.

How does Nubeva's Ransomware Reversal technology benefit organizations?

It allows for faster data recovery without paying ransoms, reducing downtime and recovery costs.

When was Nubeva's Ransomware Reversal technology released?

The technology was released in Q1 2022.

What types of ransomware can Nubeva's technology decrypt?

Nubeva can decrypt both new and older ransomware strains.

How is Nubeva Technologies marketing its Ransomware Reversal technology?

The technology is marketed through direct sales and a network of resellers and security partners.