Formula 1®, the pinnacle of motorsport, today announces its first ever cyber security partnership with CYBER1, an international leader in cyber security. The five year worldwide exclusive deal will ensure that F1® builds and protects the company’s infrastructure from potential cyber threat.
The threat of cybercrime is something that all businesses must protect themselves against. With Cyber1 notably being at the forefront of cyber security they are the perfect partner in protecting our infrastructure.
Formula 1 will be working with CYBER1 across a number of areas including consultancy, implementation, and advisory. They will become the Official Cyber Security Provider of Formula 1.
During the five year partnership marketing and sales platform, CYBER1 will use Formula 1® as their primary B2B marketing platform to help grow their business further.
Chris Roberts, Head of IT Infrastructure at Formula 1®, said:
“Formula 1 is thrilled to bring on board CYBER1 as our global cyber security provider, together we are going to bring a step change to the cyber security landscape at Formula 1. Information technology is a key enabler in our drive to bring the fans closer to the action and IT security underpins all of those services. CYBER1 are uniquely placed to bring the expertise, innovation and agility that will help us to secure those systems. From trackside and extending to our ever-growing digital estate CYBER1 will leverage next generation technology to increase resiliency as we mature our digital engagement programme.”
Nick Viney, CYBER1 CEO, said:
“CYBER1 is delighted to announce this exclusive five-year worldwide partnership with Formula 1 for cyber security services, and is honoured to partner with them after having undergone a competitive tendering process. Both CYBER1 and Formula 1 share the same vision in terms of cyber resilience and product innovation, in conjunction with initiative such as empowering diverse workforces, through our mutual drive to increase more female role models in both motorsport and cyber security. Enhancing and maintaining the security of Formula 1’s evolving IT infrastructure is a key priority for the leadership of both companies as well as for the wider Formula 1 series ecosystem and the ongoing enjoyment of millions of fans from around the globe. We are starting work immediately on the project both internally with Formula 1 and also with our product vendor community and, we are looking forward to supporting them in their development of a world-class cyber security environment.”
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About Formula 1®
Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series: The 2019 FIA Formula One World Championship™ runs from March to December and spans 21 races in 21 countries across four continents. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™.
Formula 1® is a subsidiary of Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) attributed to the Formula One Group tracking stock.
The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trade marks of Formula One Licensing BV, a Formula 1 company. All rights reserved.
CYBER1 (formerly Cognosec AB) is engaged in providing cyber resilience solutions and conducts its operations through physical presences in Sweden, South Africa, the UK, Kenya, Germany, Austria, Turkey, Greece, Italy, the Ukraine and the United Arab Emirates. Listed on Nasdaq First North (Nasdaq: CYB1.ST, [formerly Nasdaq: COGS.ST]) and as an American Depositary Receipt (OTCQX: CYBNY), the Group delivers services and technology licenses to enhance clients’ protections against unwanted intrusions, to provide and enhance cyber resilience and to prevent various forms of information theft. CYBER1 had revenues of 17.2m EUR in 2017 and employed 239 personnel at the end of Q4 2018. For further information, please visit www.cyber1.com/investors
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