HUB Cyber Security Expands Offerings and Prepares for U.S. Market Entry

HUB Cyber Security Ltd., a prominent player in the cybersecurity sector, has recently announced significant developments aimed at bolstering its market presence and enhancing stakeholder value. The company is set to release its financial results for the first half of 2024 by the end of November. Notably, HUB Security has secured a key contract with a leading European bank, which will expand its compliance offerings. This includes the implementation of its advanced NLS (Screening) solution, allowing for efficient customer screening during onboarding and at preferred intervals. Additionally, the company is actively negotiating a collaboration deal with a consortium of Western European banks, further solidifying its position in the market.

Looking ahead, HUB Security is strategically preparing for a substantial entry into the U.S. market in the first quarter of 2025. The company’s CEO, Noah Hershcoviz, emphasized the importance of research, development, and partnership building to ensure a successful market penetration. With a robust pipeline of contracts for its Secured Data Fabric product and the addition of five new customers in the third quarter of 2024, HUB Security is optimistic about converting its prospects into revenue-generating contracts. The company is committed to providing regular market updates as it achieves key milestones in its growth trajectory.

Founded in 2017 by veterans of the Israeli Defense Forces, HUB Cyber Security specializes in cutting-edge cybersecurity solutions designed to protect sensitive information for both commercial and governmental entities. The company has introduced innovative encrypted computing solutions aimed at preventing cyber intrusions at the hardware level. Operating in over 30 countries, HUB Security continues to expand its range of cybersecurity services and products, positioning itself as a leader in the global cybersecurity landscape.