Nubeva Announces Successful Decryption and Data Recovery for Another Customer

Rhea-AI Summary

Nubeva Technologies has successfully decrypted ransomware for a retail services company, ensuring 100% data recovery and system restoration within 12 hours. This achievement underscores the effectiveness of Nubeva's technology against modern ransomware threats, including renowned variants like LockBit and Conti. The technology captures encryption keys during an attack, allowing organizations to recover files without paying ransoms, typically within 48 hours. Nubeva's solutions cater to enterprises, managed security service providers, and incident responders, emphasizing rapid recovery and incident analysis.

Positive

• Successful decryption of ransomware with 100% data recovery.
• Restoration completed within 12 hours.
• Technology proven effective against several ransomware variants, enhancing credibility.
• Solution applicable for both virtual and physical computing environments.

Negative

• None.

Decryption conducted against virtual computing environment; further validates Nubeva’s breakthrough technology

SAN JOSE, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) today announced its successful decryption of ransomware for a company in retail services. Nubeva’s technology enabled 100 percent data recovery and system restoration within 12 hours, further validating Nubeva’s decryption solutions for fast recovery from ransomware attacks.

This is the latest in a series of modern ransomware decryptions by Nubeva, whose successes have included attacks by LockBit, Conti, Hive, REvil, and Ragnar Locker to victims from multiple industries.

“This decryption demonstrates yet again the speed and success rate of Nubeva’s technology in combating ransomware,” said Steve Perkins, Nubeva CMO. “Importantly, it was conducted against a virtual computing environment—showing that Nubeva’s solution works not only against standard, physical machines but also in virtual data center and desktop environments.”

Nubeva’s technology captures ransomware encryption keys at the moment of attack, enabling victim organizations to decrypt locked files without paying the ransom, typically within 48 hours of the attack. Additionally, Nubeva’s software collects vital metadata on the attack to aid in incident response, significantly aiding triage, investigations, and threat removal.

Nubeva’s software is available to end-user enterprises, managed security service providers, and incident responder firms.. More details on Nubeva’s ransomware reversal and retrieval abilities are available here.

About Nubeva Technologies
Nubeva Technologies provides next-generation decryption solutions for faster, lower-cost recovery from ransomware attacks. Its mission is to reduce downtime costs and damages so that businesses never pay ransoms again.

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 or to schedule interviews, contact:

Steve Perkins
Chief Marketing Officer, Nubeva
sperkins@nubeva.com 
(714) 261-9948

FAQ

What recent achievement did Nubeva Technologies announce on November 2, 2022?

Nubeva Technologies announced the successful decryption of ransomware for a retail services company, achieving 100% data recovery within 12 hours.

Which ransomware variants has Nubeva successfully decrypted?

Nubeva has successfully decrypted ransomware from variants such as LockBit, Conti, Hive, REvil, and Ragnar Locker.

What is the key benefit of Nubeva's decryption technology?

Nubeva's technology captures encryption keys during an attack, enabling organizations to recover files without paying ransoms, typically within 48 hours.

Who can utilize Nubeva's ransomware recovery solutions?

Nubeva's software is available for end-user enterprises, managed security service providers, and incident responder firms.

What does Nubeva Technologies aim to achieve with its decryption solutions?

Nubeva aims to reduce downtime costs and damages, ensuring businesses never have to pay ransoms again.