CY4Gate Spa has secured a significant EUR2.5 million deal with key corporate and institutional partners to enhance their cyber security offerings over the next year. The contracts focus on implementing the Hybrid Digital Twin technology, a cutting-edge innovation developed in-house by CY4Gate, for various crucial activities like testing, validation, and advanced cyber training.
This revolutionary technology, spearheaded by CY4Gate, promises to transform the landscape of cyber security by providing tailored solutions for OT/IT infrastructures and advanced training for cyber security teams. Additionally, the contracts include solutions in the Fraud Protection & Prevention realm, leveraging XTN’s Cognitive Security Platform powered by artificial intelligence specifically designed for anti-fraud measures in the banking sector.
Instead of using direct quotes, it’s evident that these new contracts represent a significant step forward in enhancing cyber security capabilities for both the company and its clients. Emanuele Galtieri, the CEO of CY4Gate Group, emphasized the importance of these contracts not only in terms of their value but also in the level of performance they offer. This highlights the company’s ongoing commitment to meeting clients’ operational needs through cutting-edge technological solutions.
With CY4Gate’s stock experiencing a 4.9 percent surge to EUR4.90 per share, it’s clear that these developments are not only significant for the company but also for the broader cyber security industry.
FAQ Section:
1. What is the significance of the EUR2.5 million deal secured by CY4Gate Spa?
The EUR2.5 million deal secured by CY4Gate Spa represents a major investment from key corporate and institutional partners to enhance their cyber security offerings over the next year. It includes the implementation of cutting-edge technology for testing, validation, and advanced cyber training.
2. What is the Hybrid Digital Twin technology mentioned in the article?
The Hybrid Digital Twin technology is an innovative solution developed by CY4Gate that promises to transform the landscape of cyber security. It provides tailored solutions for OT/IT infrastructures and advanced training for cyber security teams.
3. How are the new contracts expected to benefit CY4Gate and its clients?
The new contracts are expected to enhance cyber security capabilities for both CY4Gate and its clients. They emphasize the importance of performance and value, reflecting the company’s commitment to meeting clients’ operational needs through advanced technological solutions.
Definitions:
– OT/IT infrastructures: Refers to Operational Technology (OT) and Information Technology (IT) infrastructures, representing the combination of physical and digital systems used in various industries.
– Fraud Protection & Prevention: Encompasses measures and technologies implemented to detect, prevent, and respond to fraudulent activities, especially in sectors like banking.
– Cognitive Security Platform: A security platform powered by artificial intelligence that provides advanced capabilities for detecting and combating security threats.
Suggested Related Links:
– CY4Gate Spa official website
– XTN’s official website
