Latest news with #zeroTrust
Yahoo
16-06-2025
- Business
- Yahoo
HUB Cyber Security Appoints Former PayPal and American Express Executive Paul Parisi as its Global Chief Revenue Officer
Strategic appointment accelerates HUB's North American expansion and institutional go-to-market execution TEL AVIV, Israel, June 16, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) ('HUB' or the 'Company'), a global leader in zero-trust confidential computing and advanced secured data fabric technology, today announced the appointment of Mr. Paul Parisi as its Global Chief Revenue Officer. This appointment is a decisive step in HUB's long-term strategy to expand across North America, fortify its enterprise presence, and meet rising demand from Fortune 1000 clients, sovereign entities and financial institutions. Mr. Parisi brings to the Company over 25 years of experience leading and scaling commercial organizations in highly regulated, fast-growing sectors. As President of PayPal Canada, he doubled transaction volumes and forged key institutional partnerships. Prior to that, he held senior leadership roles at American Express, including Vice President & General Manager of Global Commercial Payments, where he oversaw enterprise client strategy across Canada, the U.S., and the U.K. Most recently, he spearheaded Silicon Valley Bank's expansion into Canada, rapidly transforming it into SVB Financial's fastest-growing market. 'The appointment of Mr. Parisi represents a strategic milestone in HUB's North American expansion plan,' said Noah Hershcoviz, CEO of HUB. 'With a track record of scaling institutional platforms at Amex, PayPal, and SVB, Paul brings the operational discipline, regulatory insight, and leadership strength essential to support our next phase of growth. As we deepen our investment in this key market, his expertise will help the Company build a scalable, enterprise-grade business that drives long-term shareholder value.' Mr. Parisi will lead HUB's global revenue strategy, with a sharp focus on North America. His priorities will include establishing enterprise sales frameworks, expanding compliance-aligned partner ecosystems, and scaling customer success infrastructure to support HUB's growing pipeline. About HUB Cyber Security Ltd. (Nasdaq: HUBC) HUB Cyber Security Ltd. ('HUB' or the 'Company') was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The Company is a global leader in secured data infrastructure and confidential computing. Its Secured Data Fabric platform powers secure AI operations, compliance automation, and digital asset protection for financial institutions, governments, and regulated enterprises. HUB also specializes in unique cyber security solutions protecting sensitive commercial and government information. The Company debuted an advanced encrypted computing solution to prevent hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB operates in over 30 countries and provides innovative cybersecurity computing appliances and a wide range of cybersecurity services worldwide. Hub's Secured Data Fabric is a revolutionary product developed in partnership with its subsidiary, BlackSwan Technologies, that is emerging as a leader in highly secure data management and unification. Forward-Looking Statements This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as 'plan,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'outlook,' 'estimate,' 'future,' 'forecast,' 'project,' 'continue,' 'could,' 'may,' 'might,' 'possible,' 'potential,' 'predict,' 'seem,' 'should,' 'will,' 'would' and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of HUB, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by HUB and the following: (i) significant uncertainty regarding the adequacy of HUB's liquidity and capital resources and its ability to repay its obligations as they become due; (ii) the war between Israel and Hamas commenced in October 2023, which may harm Israel's economy and HUB's business; (iii) expectations regarding HUB's strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB's ability to invest in growth initiatives and pursue acquisition opportunities; (iv) the outcome of any legal or regulatory proceedings against HUB in connection with our previously announced internal investigation or otherwise; (v) the ability to cure and meet stock exchange continued listing standards and remain listed on the Nasdaq; (vi) competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) limited liquidity and trading of HUB's securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; (x) other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Statement Regarding Forward-Looking Statements' in HUB's Annual Report on Form 20-F filed on May 1, 2025. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements. All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in the press release. Except to the extent required by applicable law or regulation, HUB undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events. Investor Relations Lytham PartnersBen Shamsian646-829-9701shamsian@ in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
3 Top Cybersecurity Stocks to Buy in June
Zscaler is expanding its cloud-based zero trust cybersecurity ecosystem. CyberArk protects companies from internal threats instead of external ones. Cloudflare accelerates websites and protects them from bot-based attacks. 10 stocks we like better than Zscaler › Cybersecurity companies are relatively well-insulated from macroeconomic headwinds because even when belt-tightening is needed, companies generally don't choose to shut off their digital defenses to save a few bucks. That makes such companies attractive investments right now as tariffs, trade wars, and geopolitical conflicts rattle the U.S. economy and the markets. However, it can be tough to differentiate between the likely winners and the likely losers in the sector if you don't understand their underlying technologies. So today, I'll highlight three companies I see as big potential cybersecurity winners, explain how their platforms lock in customers, and talk about why they're still worth investing in today. Zscaler (NASDAQ: ZS) deploys "zero trust" systems that treat everyone on a network as a potential threat and require repeated proof to the contrary. But unlike older cybersecurity companies, which often install their services via on-site appliances, Zscaler only provides its tools as cloud-native services -- which are stickier, easier to scale, and can be remotely maintained and updated. It serves over 7,500 customers worldwide and secures more than 500 billion transactions daily. From its fiscal 2024 (which ended last July) to fiscal 2027, analysts expect Zscaler's revenue to grow at a compound annual rate of 21%, and they anticipate it will turn profitable by 2027. To achieve that growth, it plans to triple its zero trust deployments over the next year and a half, expand its artificial intelligence (AI)-powered ZDX Copilot platform, deeply integrate its platform with bigger cybersecurity leaders like CrowdStrike, and integrate its planned acquisition of Red Canary to bolster its managed threat detection capabilities. Trading at 18 times this year's sales, Zscaler stock doesn't seem cheap. But according to Fortune Business Insights, the zero trust market could expand at a compound annual rate of 16.7% from 2025 to 2032 -- so Zscaler still has plenty of room to grow. CyberArk (NASDAQ: CYBR) is the leading player in the privileged access management (PAM) market. Instead of focusing on external threats, PAM shields an organization's network from internal threats such as disgruntled employees and corporate spies. CyberArk serves more than 10,000 customers in 110 countries. From 2024 to 2027, analysts expect CyberArk's revenue to grow at a compound annual rate of 24%. They also expect it to turn profitable in 2026 and grow its net income more than fivefold by 2027. Some of that growth should be driven by its recent acquisition of the machine identify management company Venafi (which it expects to increase its annual recurring revenue by around $150 million), the expansion of its cloud-based subscriptions, and the diversification of its ecosystem beyond its core PAM platform with new zero trust, cloud security, endpoint privilege, and agentic AI services. CyberArk is valued today at 15 times this year's sales. However, Persistence Market Research expects the PAM market to expand at a compound annual rate of 21.4% from 2024 to 2033 as more companies act to strengthen their internal defenses -- so it might deserve that high valuation. Cloudflare (NYSE: NET) accelerates the delivery of digital media for websites and apps by storing cached copies of their content on its edge networks. Its content delivery network (CDN) also shields its clients from bot-based attacks by deploying tools for verifying human users. It now serves up data to end users in 330 metropolitan areas in over 125 countries, and processes an average of 78 million HTTP requests per second. Eventually, the company aims to become the equivalent of a "water filtration" system for the modern internet. From 2024 to 2027, analysts expect it to narrow its net losses as its revenue grows at a compound annual rate of 27%. Catalysts for the business should include its ongoing deployment of Nvidia's GPUs across its edge network to accelerate AI inference tasks, the growth of its "Workers AI" platform (which serves over 3 million active developers) for writing AI applications directly on its edge network, the expansion of its secure access service edge (SASE) platform Cloudflare One as an alternative to traditional firewalls, and the growth of its Cloudforce One security platform which bundles together a wider range of network security and threat intelligence tools. Cloudflare's stock certainly isn't a bargain trading at 30 times this year's sales. But it could remain at the top of the global CDN market, which Grand View Research estimates will expand at a compound annual rate of 17.7% from 2024 to 2030. Therefore, the company could keep expanding as higher internet speeds drive more companies to build more media-intensive apps and websites, and increasingly sophisticated bot-based attacks could drive more customers to deploy its bot-blocking security services. Before you buy stock in Zscaler, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Zscaler wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare, CrowdStrike, Nvidia, and Zscaler. The Motley Fool has a disclosure policy. 3 Top Cybersecurity Stocks to Buy in June was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
03-06-2025
- Business
- National Post
Zero Networks Raises $55M Series C to Usher in the "Era of the Defender"
Article content With more than $100 million raised and 300% revenue growth since its Series B, Zero Networks is shifting the balance of power in cybersecurity from attackers to defenders Article content Article content ORLANDO, Fla. — Zero Networks, the cybersecurity company reclaiming microsegmentation to finally deliver on its promise, today announced it raised $55 million in Series C funding. The raise solidifies Zero Networks' position at the forefront of the 'Era of the Defender' – a paradigm shift in cybersecurity where the burden of effort no longer falls on defenders reacting to threats, but on attackers forced to confront proactive, identity- and network-driven controls. Article content The round was led by Highland Europe, with participation from existing investors F2 Venture Capital, PICO Venture Partners, Venrock and U.S. Venture Partners (USVP). This brings Zero Networks' total funding to more than $100 million. Jacob Bernstein, Principal at Highland Europe, will join the company's board of directors. Article content Since its Series B, Zero Networks has tripled its customer base, doubled headcount, and experienced more than 300% revenue growth – driven by growing enterprise urgency around stopping lateral movement and enforcing true zero trust controls. Lateral movement remains a defining tactic in the majority of ransomware and supply chain attacks, yet the absence of microsegmentation leaves most organizations dangerously exposed. Traditional tools focus on the perimeter, but once breached, attackers can move freely, often undetected for days or weeks. That's exactly what Zero Networks was built to stop. Article content At the heart of Zero Networks' approach is its radically simple microsegmentation solution. While microsegmentation has long been hailed as the gold standard for stopping lateral movement, it has historically been viewed as too complex to implement and scale. Zero Networks has changed that narrative with an agentless, automated solution that finally makes microsegmentation both effective and effortless – an achievement validated by record-breaking growth in 2024 and consistent five-star customer reviews. Article content This new investment fuels the company's next phase of growth, including team expansion across sales and marketing, research and development, and customer support. Additionally, funding will be used to increase go-to-market investments in North America, EMEA, and APAC and support continued innovation in Zero Networks' award-winning solutions. Article content 'Microsegmentation has long been the crown jewel of network defense; praised for its effectiveness but abandoned because of its complexity,' said Benny Lakunishok, CEO and Co-Founder of Zero Networks. 'This funding raise validates everything we've claimed since day one: that we can make segmentation simple, scalable, and powerful enough to contain ransomware and stop lateral movement at its source. It also opens up a massive opportunity for every network defender out there to stop playing catch-up and start taking control.' Article content While Zero Networks leads with modern microsegmentation, its full suite of offerings also includes Zero Trust Network Access (ZTNA) and Identity Least Privilege solutions, available on a unified platform. By anchoring enforcement in identity, Zero Networks' patented, MFA-driven approach ensures least privilege access across all users, devices, and workloads to deliver zero trust that actually lives up to its name. Article content 'Cybersecurity's most promising but often misunderstood tool is microsegmentation,' said Jacob Bernstein, Principal at Highland Europe. 'This technique is essential to proactive zero trust architecture that prevents attacks by design rather than merely responding to them. Since the early days of evaluating Zero Networks, it was incredibly clear that their customers don't just like Zero – they love it. This is a testament to everyone from the founding team to their most recent hires at all levels, hand-picked to serve Zero's customers and build innovative solutions. I look forward to working closely with Zero Networks, a company that I believe is going to achieve phenomenal success and enormous outcomes for its customers.' Article content Zero Networks will be at Black Hat USA from Aug. 6–7, 2025. Visit the team at Booth 2251. Can't wait until August? Experience the ease of Zero's microsegmentation solution via a virtual self-guided product tour. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
Associated Press
19-05-2025
- Business
- Associated Press
Swarmer and SpiderOak Partner to Secure Autonomous Drone Operations in Contested Environments
Strategic collaboration delivers zero-trust security and resiliency for military autonomous swarm operations, including those deployed in electronic warfare zones RESTON, VA / ACCESS Newswire / May 19, 2025 / Swarmer, a leading provider of autonomous drone software, has entered into an agreement with SpiderOak, the leading cybersecurity company powering zero-trust solutions for the tactical edge. As part of the agreement, Swarmer will integrate the SpiderOak platform to provide secure interactions and revocation to its autonomous software platforms. This integration specifically addresses the challenges of securing communications for autonomous fleets operating in contested environments, including electronic warfare zones in Ukraine. Swarmer's technology enables uncrewed air, sea, and ground vehicles to communicate and coordinate autonomously without human intervention, even when GPS and RF communication are jammed. This allows for adaptive mission execution through coordinated swarm formations - allowing one operator to control hundreds of drones. The SpiderOak platform provides a unique combination of security controls plus guaranteed eventual delivery designed for autonomous operations at the tactical edge. With SpiderOak, Swarmer's autonomy software can ensure any to any message exchanges in the formation are authenticated, authorized, and encrypted without additional networking controls or certificate management. The low Size, Weight, and Power (SWaP) requirements and decentralized security model eliminate the need for additional infrastructure, making SpiderOak ideal for autonomous operations in challenging environments. 'SpiderOak simplifies how our warfighter replenishes losses in theater ensuring replacements are authenticated and authorized to join the operation, while ensuring that lost and potentially compromised assets are revoked,' said Swarmer's Co-founder and CEO, Sergey Kuprienko. 'Autonomy at the edge brings a new set of security and communication challenges to the digital battlefield, especially with autonomous systems in contested or unreliable environments. Our mesh platform provides zero-trust access control and data exchange without the infrastructure or connectivity overhead that traditional security tools require. We are excited to partner with Swarmer to bring this next generation capability to market,' said Dave Pearah, CEO of SpiderOak. 'As we've seen in contemporary combat, autonomous fleets are significant force multipliers on the modern battlefield-but without robust security, they can become liabilities instead of assets. As missions evolve and new systems are added to the fight, the ability to authorize and authenticate every mission, operator, and data flow in real time will become essential. The integrity, confidentiality, and adaptability of these systems must be baked in from the start. The side that secures its data and controls access dynamically will have a significant competitive advantage,' said Lieutenant General Ken Tovo, U.S. Army (Retired); former Commanding General, US Army Special Operations Command About Swarmer Founded in 2023, Swarmer is revolutionizing autonomous UAS operations on the battlefield with a software system that enables drones (and robots) to operate autonomously and work together in large teams. With the team's background in the world's leading tech companies, and with boots on the ground in real conflict zones, Swarmer's mission is to enable individual operators to control hundreds of drones simultaneously - drones of any manufacturer, type, or purpose. Swarmer's technology allows uncrewed vehicles to be interoperable and work together seamlessly. Learn more at About SpiderOak SpiderOak is a 100% U.S.-owned and operated software company dedicated to solving the computer security challenges of the 21st century. Our technology allows applications to secure all interactions between each other, providing strong assurances of authority and identity and the flexibility to integrate with existing systems, software, and devices beyond centralized cloud services and data centers to the far reaches of the tactical edge. For more information about SpiderOak products, services, or business development opportunities, check us out at Media Contact Escalate PR for SpiderOak [email protected] SOURCE: SpiderOak press release
