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TORONTO, ONTARIO – (Newsfile Corp. – December 13, 2022) – Cybeats Technologies Inc. (China stock exchange code: CYBT) (“Cybeats” or the “Company”) Delighted to report a trial partnership of its cybersecurity platform with one of the top five largest diversified video game and entertainment software companies in the world.
Trial engagement available for Cybeats SBOM studio1an intelligent technology platform for enterprise SBOM management and software supply chain. SBOM studio Provides organizations, including major video game companies, the ability to effectively manage SBOM and software vulnerabilities, and proactively mitigate cybersecurity risks to their software and valuable assets.
“Another strong vote of confidence from another Fortune 500 company based on the value of our SBOM management solution,” said Yoav Raiter, CEO of Cybeats. “Penetrating the large and booming gaming industry is an important new vertical that Cybeats unlocks, as our SBOM Studio solution can help gaming organizations proactively protect their valuable platforms and user data from the growing risk of software supply chain attacks .”
“SBOM Studio has a wide range of applications worldwide and is suitable for organizations of all sizes and industry verticals, because every company is a software company in some way,” said Bob Lyle, CRO, Cybeats. “The rapid growth of gaming and the shift to online and cloud-based platforms over the past decade has made them attractive targets for cyberthreats because of their valuable user data, and as they become more involved with consumers’ digital Assets such as NFTs or cryptocurrencies.”
Over the past decade, the gaming industry has grown to become the largest entertainment industry in the world, worth $220 billion by 2022, and is expected to grow at a compound annual growth rate (CAGR) of 12.9% from 2022 to 2030.2 Along with this growth, cyberattacks in the gaming industry increased by 167% last year, according to a new report from cybersecurity firm Akamai3The ever-increasing amount of data collected by gaming companies also makes them attractive targets for cybercriminals who seek financial gain or simply want to carry out malicious attacks on companies or players. Cybercriminals also look to steal virtual goods, sell fake non-fungible tokens (NFTs), and conduct distributed denial-of-service (DDoS) attacks on gaming platforms.4
Cybeats SBOM Studio
SBOM studio Provides organizations with the ability to effectively manage SBOM and software vulnerabilities, and proactively mitigate risks to their software supply chain. Key product capabilities include powerful software supply chain intelligence, common SBOM document management and repository, continuous vulnerability, threat insight, granular risk management, open source software license infringement and exploitation, and secure SBOM exchange with regulators, customers and suppliers , at a lower cost cost.
A software supply chain consists of the components, libraries, tools, and processes used to develop, build, and release software artifacts5. Software vendors typically create products by assembling open source and commercial software components. The SBOM is a nested list, a list of ingredients that make up a software component, that has become a key building block for software security and software supply chain risk management.6
About CybeatsCybeats is a leading provider of SBOM management and software supply chain intelligence technologies, helping organizations manage risk, meet compliance requirements and ensure software security from procurement, development to operations. Our platform provides clients with deep visibility and pervasive transparency into their software supply chain, enabling them to increase operational efficiency and revenue. Cybeats. ok software. website: https://cybeats.com
subscription: For more information, or to subscribe to the company’s mailing list, please visit: https://www.cybeats.com/investors
touch:
James Verstaffren
Enterprise Development
Phone: 1-888-713-SBOM (7266)
e-mail: ir@cybeats.com
Cautionary Statement on Forward-Looking Information
Other than statements of historical fact, this press release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often characterized by words such as “plans,” “anticipates,” “projects,” “intends,” “believes,” “expects,” “estimates,” similar words or statements of certain events or conditions “may” or “may” will” happen. Forward-looking statements are based on opinions and estimates as of the date the statements are made and are subject to various risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including But not limited to delays or uncertainties in regulatory approvals, including approvals from CSE. Forward-looking information is subject to inherent uncertainties, including factors beyond the Company’s control. There can be no assurance that plans to commercialize the technology described in this press release will be effective on the terms or within the timeframe described herein. The company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements. Under parent company Scryb Inc., corporate documents are available at sedar.com.
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1 https://www.cybeats.com/sbom-studio
2 https://www.grandviewresearch.com/industry-analysis/video-game-market
3 https://www.infosecurity-magazine.com/news/gaming-sector-cyberattacks-167/
4 https://www.ey.com/en_us/tmt/what-s-possible-for-the-gaming-industry-in-the-next-dimension/chapter-2-gaming-data-security-and-cyber- risk
5 https://en.wikipedia.org/wiki/Software_supply_chain
6 https://www.cisa.gov/sbom
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147923
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