Summary by Futu AI
On November 5, 2024, HUB Cyber Security Ltd., a leading cybersecurity solutions provider, announced strategic initiatives and its plans to release financial results for the first half of the year by the end of November. The company, known for its advanced data fabric and cybersecurity solutions, is also reporting increased interest in its products among existing customers and is expanding its compliance offerings with a key European bank. HUB Cyber Security is in the process of negotiating a collaboration with Western European banks and has added five new customers in the third quarter of 2024. With 14 tenders already submitted, the company is positioning itself for significant market penetration in the U.S. in the first quarter of 2025. CEO Noah Hershcoviz emphasized the company's progress and strategic focus on the U.S. market entry and capital deployment in Europe. HUB Cyber Security, established in 2017 by veterans of the Israeli Defense Forces, operates in over 30 countries, offering cybersecurity services and solutions globally.