Tag: hub_security

[Hub Security in PR Newswire] HUB Security signs a partnership agreement with one of the leading US cyber system integrators to provide confidential computing solutions

TEL AVIV, Israel, June 30, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announced today an agreement with one of the largest US Cyber security solutions system integrators, on the sale of HUB’s Confidential Compute solutions to US enterprises and telecom providers. The integrator specializes in providing products and services for 5G networks and Edge Computing in the U.S. Read more...

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[Hub Security in PR Newswire] HUB Security announces measures to advance its $1.28 billion merger with SPAC

TEL-AVIV, Israel, June 21, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announces that the expected merger with the NASDAQ listed SPAC Mount Rainier Inc. (NASDAQ: RNER) advances as planned, and as further measures to secure the merger at the shareholders vote meeting, Company executives and board have decided to waive their right to shares incentives guaranteed to them as part of the merger agreement. Read more...

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[Hub Security in PR Newswire] HUB Security acquires European based cyber distribution business

TEL AVIV, Israel, May 31, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announced today that it will acquire the cyber security assets of a European Cyber firm that has an extensive EMEA distribution network of cyber solutions for major government and enterprise data centers. The company will acquire the activity for approximately $10 million in cash and up to $12 million in shares. Read more...

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[Hub Security in FX Empire] Considering Quantum Computing May Decrypt All Encryptions in the Near Future, This company May Make a Difference

However, researchers are racing against the clock to develop new encryption systems because quantum computers can break existing ones. According to a recent study by Forbes, a large-scale quantum computer might break existing public-key cryptography eight years from now with its power of quickly computing prime factors. Read more...

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