GCINarf secures major US Digital Health cybersecurity contract
High-end cybersecurity specialist () has secured a $1.8 million contract from the US Government's ARPA-H for their Digital Health Security program, or DIGIHEALS. The project, called "Electronic Health Record Format for Interoperable Secure Transformation (EHR-FIST)," builds on Narf's expertise developed through previous SAFEDOC's contracts sponsored by DARPA.
DIGIHEALS aims to safeguard the electronic infrastructure of the US healthcare system from hostile threats, particularly focusing on the vulnerabilities within healthcare management software processing Electronic Health Records.
Narf is developing advanced capabilities to detect hidden malware within complex document structures before it can infect critical infrastructure networks. It owns the intellectual property resulting from these research contracts and is working towards creating an innovative threat intelligence platform.
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Narf Industries is a leading US-based cybersecurity company, specializing in cybersecurity research, solutions, and services for government entities such as the DoD, DARPA, and DHS. It focuses on protecting national security and critical infrastructure by addressing evolving cyber threats, often partnering with private research firms and educational institutions.
The US cybersecurity market continues to be a dynamic and rapidly evolving landscape, driven by increasingly sophisticated threats. With the proliferation of connected devices and cloud services, the attack surface has expanded, offering cybercriminals more opportunities. Evolving threats include ransomware attacks that paralyze organizations, supply chain vulnerabilities, and nation-state-sponsored cyber espionage.
Moreover, the rise of AI-powered malware and zero-day vulnerabilities pose significant challenges. To counter these threats, the cybersecurity market is witnessing innovations in threat detection, endpoint security, and threat intelligence. Government agencies, critical infrastructure providers, and businesses are investing heavily in cybersecurity solutions to safeguard sensitive data and national security.
Narf’s deep relationships within the industry and government suggest it’s well positioned to capitalise, delivering sales of $3.26m in its last half-year results, a 125% increase that alongside operating cost reductions took into Ebitda profit for the first time. It said that it expects full year sales of at least $5.8m.
The company’s shares returned from suspension in July after the company rectified audit issues. It said that it had made changes to accounting systems providing prompt financial reporting and ongoing strengthening of corporate governance.
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