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Covata wins Internet of Security (IoT) Solution Award for its Delta product at The Computing Security Excellence Awards

Sydney, Australia – December 7, 2016 – Covata Limited (ASX: CVT), a global leader in data-centric security solutions for enterprise and government, has been awarded the IoT Security Solution Award at the 2016 Computing Security Excellence Awards in London for its Covata Delta product.

The Computing Security Excellence Awards celebrate the achievements of the IT industry’s best security companies, solutions, products and personalities. Covata joined other category winners including Splunk, Symantec, Sophos and Microsoft to take home a coveted award from the exclusive event.

Developed to mitigate new cyber security risks created by IoT, the innovative Key-as-a-Service (KaaS) cloud solution recently branded as Covata Delta, will provide SDKs (Software Developer Kit) and APIs (Application Programming Interface) to developers, to enable them to seamlessly embed security into their applications, products and services. Covata Delta ensures that real-time information shared between the growing eco-system of connected devices remains securely under the owners’ control, by linking policy and identity to encryption and decryption.

Covata CEO, Trent Telford, said of the award: “It is a privilege to be recognised by Computing Magazine as a leader in the IoT Security space. The IoT Solution Award entrants were judged on, among other things, functionality and competitive differentiation. We believe Delta’s unique capabilities, including its patented approach to data-centric security that ties end-to-end encryption to identity checks and policy controls, its key management and its unlimited scalability – are what set it apart from others.

“The number of devices connecting to the Internet continues to proliferate, and as a result, security risks are exponentially increasing. Every connected device represents a potential access point for hackers to exploit and attack, which is why Covata firmly believes that data being collected, stored and shared from these devices must be protected.

“This year we saw the first major international IoT security breach. If we don’t build security into these connected devices from the very beginning, we will see a lot more of these types of attacks. There is not a single company or government department, that can afford for data security to be an afterthought. This accolade highlights the importance of data-centric cyber security solutions. We are extremely proud to have Covata Delta pioneering the protection of our interconnected future.”