TORONTO, May 30, 2024 - Cybeats Technologies Corp. is pleased to announce a SaaS ("software as a Service'') agreement with one of the world's largest water technology providers in the U.S. that has an over $30 billion market cap and operates in over 150 countries.
This new contract follows warnings issued this month by president Joe Biden and top officials about increasing cyberattacks on U.S. water infrastructure by state-sponsored foreign actors. With these heightened risks on American entities - such as Cybeats' new client - organizations are now seeking cybersecurity solutions that enhance protections of critical systems.
On May 20th, the U.S. The Environmental Protection Agency (EPA) issued a warning about urgent cybersecurity threats and vulnerabilities to drinking water systems, while The Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) has also been enhancing protections over the nation's water system that have been targeted in increasing frequency and severity, to a point where additional action by industry is not optional.
"The water infrastructure sector presents an immense opportunity for our growth, driven by a surge in regulatory focus on software transparency through SBOM. Both industry regulators and companies now recognize the essential need to increase software transparency. SBOM Studio offers a comprehensive solution that addresses the industry's urgent cybersecurity challenges and operational demands," said Justin Leger, CEO, Cybeats.
