HUB Cyber Security (NASDAQ: HUBC) (“HUB Security”), a developer of confidential computing cybersecurity solutions and services, reported sealing an additional contract with a subsidiary of a giant credit service provider with a market cap of hundreds of billions of dollars. The new contract brings the engagement to a six-figure number in deals over a few tranches and represents the subsidiary’s renewed trust in Hub Cyber Security. Under the agreement, the credit card services company will integrate HUB Security’s cybersecurity services, enhancing compliance and statutory, regulatory and contractual obligations pertaining to information security and privacy. The integration is expected to protect against emerging cyber security threats. “We are excited to enhance our partnership with one of the leading companies in the financial services sector. This agreement is a testament to our successful partnership and achievements and mirrors our joint dedication to pioneering solutions and security. Hub Security is keen to support the ongoing prosperity of our distinguished collaborator,” said Noah Hershcoviz, CEO of HUB Cyber Security.
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About HUB Security Ltd.
HUB Cyber Security (“HUB Security”) was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The company specializes in unique cybersecurity solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution to prevent hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB Security operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
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