Actelis Achieves Third Party Validation For FIPS Cyber Protection Standard Required By Government Agencies
Portfolio Pulse from Benzinga Newsdesk
Actelis Networks, Inc. (NASDAQ:ASNS) has achieved Third Party Validation for FIPS 140-2 Level 1, a recognized standard for cryptographic modules established by the US Department of Commerce's National Institute of Standards and Technology. This validation is crucial for Actelis' business as it is a requirement for US government agencies, including the military, when procuring networking devices and software. The assessment was performed by UL Verification Services Inc., an independent cryptographic module testing laboratory.
September 27, 2023 | 8:37 pm
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Actelis Networks' achievement of the FIPS 140-2 Level 1 validation could potentially increase its business with US government agencies, which require this standard when procuring networking devices and software.
The news of Actelis Networks achieving the FIPS 140-2 Level 1 validation is directly relevant to the company and its future business prospects. This validation is a requirement for US government agencies, including the military, when procuring networking devices and software. Therefore, this achievement could potentially increase Actelis Networks' business with these agencies, which could positively impact the company's revenues and, consequently, its stock price.
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