VersaBank announced that DRT Cyber Inc. (“DRT Cyber”), its wholly-owned Washington, DC-based subsidiary, has signed a reseller and development agreement with EzoTech Inc. (“EzoTech”), the creators of the world’s first AI-powered Autonomous cybersecurity penetration testing platform. Penetration testing is the process of imitating a cyber cyberattack on a company’s assets and infrastructure in order to find both strengths and vulnerabilities in security systems and processes so that real-world cyber attacks can be avoided.
DRT Cyber will expand its solutions to present and new customers throughout the United States, Canada, and Europe with an AI-powered, automated, on-demand penetration testing platform under the reseller component of the arrangement. DRT Cyber will use EzoTech’s advanced AI Cyber Security technology and prowess to develop and rollout what it anticipates to be the world’s first AI-powered, automated, and continuous cyber security posture reporting platform for businesses of all types and sizes, as part of the development component of the agreement.
“Our agreement with EzoTech is a significant step forward in our strategy to expand DRT Cyber’s suite of cybersecurity offerings to complement existing services to our clients, as well as attract new clients, as we leverage our acquisition of Digital Boundary Group (DBG) last November. DRT Cyber’s acquisition of DBG provided a tremendous platform to build one of the pre-eminent cybersecurity businesses in North America; DRT Cyber boasts a client roster of national and multinational corporations, as well as government entities, including infrastructure assets, numerous police departments in the U.S., national retailers, and many others. The addition of AI-powered, automated penetration testing, followed by a continuous, automated cyber security reporting solution, designed for organizations large and small, will significantly help expand DRT’s client roster, as the identification of cyber security vulnerabilities moves to the top of the priority list for IT departments globally,” said David Taylor, President and CEO of VersaBank and DRT Cyber.
“We are very pleased to be working with the team at DRT Cyber. Our fully autonomous, AI-driven penetration testing platform is licensed and deployable in a number of ways: as a stand-alone testing platform, as an autonomous test in combination with manual testing resources, and also ultimately as the engine for continuous reporting at the executive and working levels, to deliver a high level of confidence to organizations that their systems, networks and assets are well positioned to thwart cyber threats that are growing globally at an accelerating rate,” said Xristos Silaidis, President and CEO, EzoTech.
“Businesses, governments and other entities are especially vulnerable to cybersecurity breaches due to a number of factors including, but not limited to, continuous changes in infrastructure, patch management issues and incorrect or stale security configurations, all of which can result in unforeseen security consequences that may not be readily apparent. In today’s IT environment, in which systems are being continuously deployed, updated or moved, continuous cyber security testing is essential to ensure that an organization’s IT systems are resistant to adversarial attacks 24/7, every week of the year. Our goal is to provide an automated and continuous cyber security reporting solution that not only is best-in-class for large organizations but also fits the IT budgets for the mass market of small-to-mid-size businesses and government entities,” said Gurpreet Sahota, Chief Operating Officer, DRT Cyber.