Cybeats Gains Edge from EU Cybersecurity Fines – TipRanks.com – TipRanks

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Cybeats Technologies Corp. (TSE:CYBT) has released an update.

Cybeats Technologies Corp. is set to capitalize on the EU’s new Cyber Resilience Act, which mandates Software Bill of Materials (SBOM) compliance, subjecting non-compliant organizations to potential fines of €15 million or 2.5% of gross sales. The company’s SBOM Studio product aids customers in adhering to these new regulations, offering an advanced interface for managing software assets and ensuring regulatory compliance. The move underlines the increasing global emphasis on SBOMs within software supply chain security and positions Cybeats for further growth in the G7 markets.

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