HUB Cyber Security .(HUBC)
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HUB Cyber Security Completes Financial Overhaul, Restructuring More Than 75% of Legacy Obligations and Enabling Long-Cycle Execution
Globenewswire· 2025-11-26 13:03
Company to file interim financial report next week; business-update earnings call date to be announcedTEL AVIV, Israel, Nov. 26, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”), a global leader in confidential computing and secured data fabric technologies, today announced the completion of a financial restructuring of the Company's outstanding debt. This deliberate capital structure transformation removes legacy constraints and restores strategic flexibility and est ...
HUB Cyber Security Details HUB Token Key Use Cases for Trvsthub™ Platform in SSI-Driven Financial Applications
Globenewswire· 2025-11-12 13:30
Core Insights - HUB Cyber Security Ltd. is advancing its Trvsthub™ platform, which will utilize the HUB Token (HUBT) to enhance self-sovereign identity (SSI) in a decentralized financial ecosystem [1][2][3] Group 1: Trvsthub™ Platform Overview - The Trvsthub™ platform aims to address challenges in stablecoin transactions, cryptocurrency payments, and cross-border remittances, enhancing efficiency, compliance, and trust [1][2] - HUBT will serve as the native utility token for Trvsthub™, promoting participation and ensuring long-term viability in SSI-enabled financial applications [2] Group 2: Strategic Vision and Market Impact - The SSI framework is positioned to mitigate the $7.6 trillion annual economic impact of cybercrime, providing enterprise-grade security to various sectors [3][4] - The stablecoin market is projected to reach $282 billion in 2025, with annual transaction volumes exceeding $27 trillion [4][11] - Traditional remittance corridors, which handle $913 billion in 2025 flows, face high fees of 6-7%, and HUBT aims to reduce these costs significantly [4][11] Group 3: Security and Compliance Features - HUBT will enable ultra-low micro-fees for SSI credential management, facilitating rapid transaction settlements and reducing operational overhead [4] - The platform will incorporate advanced security measures, including hardware security modules, military-grade encryption, and AI-driven anomaly detection to protect transactions [4] Group 4: Adoption and Integration - The integration of SSI in crypto payments could automate merchant onboarding and customer verifications, significantly lowering fraud rates and compliance costs [4] - HUB Cyber Security is inviting developers and financial institutions to explore integration opportunities with the Trvsthub™ platform [5]
HUB Cyber Security Outlines Visionary HUB Token Roadmap to Enable Frictionless Stablecoin, Crypto, and Remittance Transactions Through Self-Sovereign Identity
Globenewswire· 2025-11-06 14:26
Core Insights - HUB Cyber Security Ltd. is set to launch the HUB Token (HUBT) in Q1 2026, aimed at enhancing its Trvsthub™ platform for digital financial transactions, targeting $1.2 trillion in digital financial transactions [1][10] Market Opportunity - The company aims to tap into the $47 billion global digital identity solutions market, projected to exceed $200 billion by 2034, alongside the $282 billion stablecoin market, $1.7 billion crypto payment gateways sector, and $913 billion global remittances industry [2] Self-Sovereign Identity (SSI) Framework - HUBT will facilitate self-sovereign identity (SSI) for users, transforming compliance-heavy processes into value-generating assets, addressing issues like rising costs, fraud vulnerabilities, and user friction in financial services [3][4] Compliance and Fraud Challenges - Financial institutions face escalating compliance costs, with KYC/AML verification potentially costing up to $30 million annually per institution, and individual reviews costing around $3,000 [4] - Cybercrime is expected to exceed $10.5 trillion globally by 2025, with 79% of organizations reporting payments fraud in 2024 [5] Trvsthub™ Features - Trvsthub™ will decentralize identity management, allowing users to control their data via secure digital wallets, enabling "verify once, reuse everywhere" mechanics for low-friction value transfers [6][7] - The platform will utilize zero-knowledge rollups (ZK-rollups) for credential verification without revealing underlying data, supporting compliant stablecoin issuance and crypto wallet linkages [8] Value Proposition - The three-pillar value proposition includes quantum-resilient security, instant onboarding to reduce verification times, and dramatic cost savings by automating compliance, potentially cutting KYC expenses by up to 80% [13]
HUB Cyber Security Launches HUB Compliance™ Globally – Expanding Its Next-Generation AI Compliance Platform Worldwide
Globenewswire· 2025-10-06 13:48
Core Insights - HUB Cyber Security Ltd. has launched HUB Compliance™, a next-generation compliance and regulatory oversight platform, currently deployed by leading European banks and expanding to North America, Asia, and the Middle East [1][2][3] Group 1: Product Overview - HUB Compliance™ integrates confidential computing, AI, and automation to enhance data governance and risk intelligence in real time, transforming AML/KYC processes and automating regulatory workflows for major banks [2][5] - The platform aims to operationalize trust at scale, helping financial institutions turn compliance from a cost center into a competitive advantage [5][6] Group 2: Technological Innovation - The solution is built on HUB's proprietary Secured Data Fabric, which allows for real-time compliance visibility and adaptive intelligence, evolving alongside regulatory changes [5][9] - HUB is committed to continuous R&D and plans to release new AI-driven modules and enhancements to its Secured Data Fabric in the near future [6][10] Group 3: Market Expansion - HUB Compliance™ is being offered to global financial institutions seeking improved compliance operations, with a focus on rapid onboarding and dynamic risk detection [7][9] - The platform has been validated by real-world feedback from Tier-1 banks, indicating its effectiveness in regulated environments [5][9]
HUB Cyber Security Ltd. Appoints Romke E. de Haan III as Head of its Cybersecurity Strategy & Innovation Division
Globenewswire· 2025-09-11 12:30
Core Viewpoint - HUB Cyber Security Ltd. has appointed Romke E. de Haan III as the Head of Cybersecurity Strategy and Innovation Division, aiming to enhance its expansion in North America and redefine the cybersecurity landscape [1][2][3] Company Overview - HUB Cyber Security Ltd. is a global provider of cybersecurity, compliance, and secured data fabric solutions, serving Fortune 100 enterprises, top financial institutions, and government agencies [4] - The company’s platform integrates AI-driven identity, compliance automation, digital asset security, and governance into a single Enterprise Intelligence Grid [4] Leadership Appointment - Romke E. de Haan III brings extensive experience in cyber defense, digital risk management, and compliance automation, particularly in the financial sector and multinational enterprises [2] - His role will focus on advancing HUB's cybersecurity innovation agenda, including AI-supervised threat detection and post-quantum cryptography [3] Strategic Goals - The appointment is seen as a significant milestone in HUB's journey to create a global operating system for secured and compliant data [3] - HUB aims to establish itself as a trusted backbone for banks, digital asset platforms, and governments in an era characterized by AI, decentralization, and regulatory fragmentation [3][4]
HUB Cyber Security Signs Investor-Led Private Placement Financing of up to $20 million to Scale-Up Enterprise Intelligence, Crypto Infrastructure, and U.S. Expansion
Globenewswire· 2025-08-27 13:10
Core Viewpoint - HUB Cyber Security Ltd. has secured up to $20 million in financing through a subordinated convertible note private placement, demonstrating institutional confidence in its AI-native Secured Data Fabric (SDF) platform and positioning the company for transformative enterprise deals [1][3][4] Financing Details - The financing is structured as subordinated convertible notes with a 4.0% annual interest rate, maturing in August 2027, and is expected to yield approximately $20 million in gross proceeds before expenses [2][3] Strategic Implications - The capital raised will be utilized to reduce debt, accelerate U.S. operations, and enhance HUB's AI-powered enterprise intelligence and crypto infrastructure capabilities, enabling the company to scale operations and pursue significant enterprise deals [1][3][4] Product Offering - HUB's SDF platform serves as an institutional control layer for regulated data, offering a more secure and cost-effective solution compared to traditional data lake systems, achieving a 50% reduction in compliance costs and faster digital onboarding [4][5] Market Demand - There is increasing demand for HUB's AI-powered SDF product across various industries, particularly in crypto infrastructure, which requires compliant and programmable data management solutions [5][6] Geographic Expansion - HUB operates in six countries and has invested approximately $200 million into its platform, with plans for accelerated expansion in North America, driven by strong interest from U.S. and Canadian institutions [6]
HUB Cyber Security (Nasdaq: HUBC) Appoints Aviv Eyal to Lead AI-Native Digital Asset Infrastructure Division
Globenewswire· 2025-07-07 11:33
Core Insights - HUB Cyber Security Ltd. has appointed Aviv Eyal as the Head of its new Digital Asset Infrastructure Division, reflecting its strategic commitment to secure infrastructure for the decentralized economy [1][2][3] - The new division aims to provide modular, secure solutions for digital asset firms, banks, and sovereign entities, addressing the growing demand for compliant and scalable infrastructure in decentralized finance [4][5] Company Overview - HUB Cyber Security Ltd. specializes in zero-trust confidential computing, secured data fabric infrastructure, and AI-native security orchestration, serving financial institutions, governments, and regulated enterprises [6] - Established in 2017 by veterans of the Israeli Defence Forces, the company operates in over 30 countries and focuses on cybersecurity solutions that protect sensitive information [6] Leadership and Expertise - Aviv Eyal brings over 20 years of experience in digital encryption and decentralized systems, having previously led innovation efforts at various ventures [3] - Under Eyal's leadership, HUB aims to integrate programmable privacy, AI supervision, and quantum-secure capabilities into its infrastructure [4] Product Development - The Digital Asset Infrastructure Division will enhance HUBC's existing Secured Data Fabric platform, which is already deployed in banking, defense, and government sectors [5] - Key product areas include Digital Trust Platforms, Secure Multiparty Computation for custody, Zero-Knowledge Proof Compliance Infrastructure, and Post-Quantum Encryption [7]
HUB Cyber Security (Nasdaq: HUBC) Secures Estimated $25M Annual Recurring Revenue from Perpetual KYC Contract Supporting Strategic Crypto Merger
Globenewswire· 2025-06-18 13:17
Core Insights - HUB Cyber Security Ltd. has signed a multi-year agreement with Kyrrex for perpetual KYC and compliance services, which will enhance its position in the compliance technology sector [1][4] - The agreement is expected to generate approximately US$25 million in recurring annual revenue for HUB, covering 1.2 million to 1.5 million customer entities starting July 1, 2025 [2][4] Group 1: Agreement Details - The agreement includes HUB's flagship Perpetual KYC (PKYC) solution, which offers continuous monitoring and automated risk scoring [2][3] - HUB will conduct "Regulatory Readiness Sprints" and provide ongoing Horizon Scanning-as-a-Service to ensure compliance with evolving regulations [3][4] Group 2: Company Background - HUB Cyber Security Ltd. specializes in AI-driven compliance technology and secured data infrastructure, operating in over 30 countries [7] - The company was founded by veterans of the Israeli Defense Forces and focuses on compliance automation and digital asset protection [7] Group 3: Kyrrex Overview - Kyrrex is a Malta-based regulated crypto ecosystem that aims to provide integrated financial services, including digital banking and access to traditional financial markets [5] - The company is transitioning to full MiCA compliance and pursuing additional licenses to enhance its service offerings [5]
HUB Cyber Security Appoints Former PayPal and American Express Executive Paul Parisi as its Global Chief Revenue Officer
Globenewswire· 2025-06-16 12:47
Core Insights - HUB Cyber Security Ltd. has appointed Mr. Paul Parisi as Global Chief Revenue Officer to enhance its North American expansion and institutional market execution [1][3] - The appointment is part of HUB's long-term strategy to strengthen its enterprise presence and cater to the increasing demand from Fortune 1000 clients and financial institutions [1][3] Company Overview - HUB Cyber Security Ltd. specializes in zero-trust confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [4] - The company operates in over 30 countries, providing innovative cybersecurity solutions and secured data infrastructure for financial institutions, governments, and regulated enterprises [4] Leadership Background - Mr. Parisi brings over 25 years of experience in leading commercial organizations in regulated sectors, having previously served as President of PayPal Canada and held senior roles at American Express and Silicon Valley Bank [2][3] - His track record includes doubling transaction volumes at PayPal Canada and transforming Silicon Valley Bank into its fastest-growing market [2] Strategic Focus - Mr. Parisi will lead HUB's global revenue strategy with a focus on establishing enterprise sales frameworks and expanding compliance-aligned partner ecosystems [3] - The company aims to build a scalable, enterprise-grade business that drives long-term shareholder value through enhanced customer success infrastructure [3]
Nasdaq Confirms Full Compliance of HUB Cyber Security with Nasdaq's Listing Standards
GlobeNewswire News Room· 2025-06-12 12:19
Core Viewpoint - HUB Cyber Security Ltd. has achieved full compliance with Nasdaq listing requirements, marking a significant milestone following strategic restructuring and improved financial execution [1][2]. Company Overview - HUB Cyber Security Ltd. is a global leader in confidential computing and advanced secured data fabric technology, established in 2017 by veterans of the Israeli Defense Forces [5]. - The company specializes in secured data infrastructure, providing solutions for secure AI operations, compliance automation, and digital asset protection for financial institutions and governments [5]. Compliance and Financial Performance - Nasdaq confirmed that HUB meets the minimum bid price and market value of listed securities thresholds, indicating successful compliance with Listing Rules [2]. - The company has undergone a period of strategic restructuring, which has led to improved financial execution and strengthened corporate governance [2]. Business Strategy and Growth - HUB has been executing a focused commercial expansion strategy, significantly growing its contracted revenue base and accelerating deployments across banking, government, and digital asset sectors [3]. - The company continues to sign new multi-year agreements with leading financial institutions and sovereign entities, expanding its presence in North America and Europe [4]. Product Development - HUB has introduced new AI-powered and quantum-resilient infrastructure solutions in response to rising client demand for secure and compliant solutions [3]. - The Secured Data Fabric platform, developed in partnership with BlackSwan Technologies, is emerging as a leader in highly secure data management and unification [5].