Nubeva Announces Another Successful Ransomware Decryption
December 13 2022 - 7:30AM
Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF) today announced the
successful decryption of Black Basta ransomware for a customer.
This is one of the latest in a growing list of successful
decryptions by Nubeva, including lethal threat actors such as
Conti, Hive, LockBit, Ragnar Locker, Blackcat, and REvil across
multiple industries. Details of the customer and ransomware attack
are subject to confidentiality agreements.
“In this attack, a significant amount of data
was also corrupted on top of catastrophic data encryption.
Typically, threat actors cannot recover corrupted data even after a
ransom payment. But Nubeva’s technology often can,” said Steve
Perkins, Nubeva CMO. “In this case, we recovered both encrypted and
corrupted data, further exhibiting the breakthrough nature of our
technology and capabilities.”
Nubeva’s patented Ransomware Reversal technology
captures ransomware encryption materials at the moment of attack,
enabling victim organizations to decrypt locked files without
paying the ransom. Its software collects vital metadata on the
attack to aid in incident response, significantly aiding triage,
investigations, and threat removal.
“The continued increase in successful ransomware
attacks shows that even with state-of-the-art firewalls,
anti-virus, and end-point detection and response systems (EDRs),
ransomware often still finds a way in,” said Perkins. “A common
misconception is that backup-ups will be there when that day comes.
Unfortunately, attackers are adept at disabling and deleting
backups to create extended downtimes for businesses that drive them
toward paying the ransom. That is the gap we fill.”
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 businesses
never pay ransoms again.
Nubeva’s ransomware reversal software is available to end-user
enterprises, managed security service providers, incident
responders, and cybersecurity solution manufacturers. For a private
briefing on Nubeva’s ransomware reversal and retrieval abilities,
Contact Us.
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
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