Nubeva Reverses Encryption of a Top Ransomware Variant for Instant Recovery
Nubeva Technologies (TSX-V: NBVA, OTC: NBVAF) has confirmed that its Symmetric Key Intercept (SKI) technology effectively decrypts ransomware attacks, specifically targeting the notorious Conti ransomware. This validation is crucial as Conti has been behind over 400 attacks, impacting sectors such as law enforcement and health networks. The company plans to release its ransomware recovery product by December 2021, following successful testing. The SKI software is designed to intercept encryption session keys, allowing for rapid decryption without paying ransom. The demand for this technology appears robust.
- SKI technology has proven effective against Conti ransomware, allowing for quick data recovery.
- The company expects to release its recovery product for enterprises and service providers by December 2021, indicating timely product rollout.
- Broad interest in the SKI technology suggests strong market demand.
- None.
SAN JOSE, Calif., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Nubeva Technologies (TSX-V: NBVA, OTC: NBVAF), a developer of B2B decryption software solutions, confirms the recently announced Symmetric Key Intercept (SKI) technology for Ransomware Reversal can decrypt attacks from the highly active Conti ransomware, for immediate data recovery (video demonstration).
As of September 2021, the CISA and the FBI have observed 400+ attacks using Conti, top-three ransomware measured by attacks and total damage. Victims have included U.S. law enforcement, emergency medical services, dispatch centers, and other emergency and health networks. Conti is especially sophisticated because of the number of files it can encrypt in a short period of time, easily evading cybersecurity detection and defense systems. It is also known to disable and corrupt backups systems and cloud mirroring to maximize its damage.
“Conti is one of the most active and destructive, ransomware families this year. As such, it was vital to validate that our technology could indeed reverse their attacks. We are pleased we can fully decrypt files locked up by Conti, quickly and easily, without paying the ransom. Its Ransom-Less Recovery,” said Steve Perkins, CMO and Head of Product. “It is our goal to neutralize the effects of the top ransomware plaguing the world with our initial release.”
In September 2021, Nubeva announced that it had successfully adapted its patented and award-winning software technology to enable decryption and recovery of crypto-based ransomware attacks. The SKI software runs on a computer and can learn and intercept copies of encryption session keys to enable fast and efficient decryption. Nubeva has been licensing SKI to the cybersecurity industry for years to allow lawful inspection of encrypted network traffic. Nubeva expects to release the first versions of its ransomware product for enterprises, OEMs, and MSSPs in December 2021.
“We are in the final stages of the product testing, packaging, and build-out of the delivery platform,” Perkins added. “We are seeing broad and universal interest across the board. We are sprinting to get the minimum viable product out fast and are looking into early adopter programs and promotions as well.”
More info on Ransomware Reversal: Here
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About Nubeva Technologies Ltd.
Nubeva’s next-generation SKI (Session Key Intercept) technology represents a better, faster, easier, and lower-cost alternative to legacy decryption. Our solution provides a complete option for manufacturers, integrators, and managed services providers of cybersecurity and application assurance solutions. Today, nearly all network traffic uses TLS (formerly SSL) for security and privacy. Yet, enterprises still must see the data-in-motion to detect and respond to cybersecurity threats and application performance issues. With constant evolution in TLS protocols and the advancements in the application, network, and computing architectures, gaps continue to grow in the legacy decryption methods. Nubeva’s SKI technology represents the next-generation solution for the industry moving forward. Visit nubeva.com for more information.
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 in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).
FAQ
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