https://nsearchives.nseindia.com/corporate/TAC_24042024170606_PressRelease.pdf
Mumbai, India – April 24, 2024 – We are thrilled to announce that TAC Security has been appointed as a key Cyber Security Assessor for the App Defense Alliance (ADA). This prestigious appointment marks a significant step towards enhancing app security across multiple platforms and demonstrates our commitment to combating digital threats.
The App Defense Alliance, originally launched by Google in 2019 to combat malicious Android apps, is now transitioning to the Joint Development Foundation (JDF) under the Linux Foundation. This expansion beyond Android signifies a broader commitment to improving app security across various ecosystems. Our role as a Cyber Security Assessor highlights the alliance’s efforts to enlist top cybersecurity firms to mitigate malware and ensure robust Mobile App Security Assessments (MASA) and Cloud App Security Assessments (CASA).
“We are proud to partner with Microsoft and Meta’s App Defense Alliance to enhance app security globally,” said Trishneet Arora, Founder and CEO of TAC Security. “Through our expertise and collaborative efforts within the ADA framework, we are committed to creating a safer digital environment for users worldwide.”
By joining the ADA alongside industry leaders like ESET, Lookout, and Zimperium, we strengthen the alliance’s defense against evolving digital threats. The addition of tech giants like Meta (formerly Facebook) and Microsoft to ADA’s steering committee further emphasizes the collaborative effort to advance app security standards and practices.
As we take on our role as a Cyber Security Assessor within the ADA, the alliance aims to bolster resilience against emerging cyber threats, ushering in a new era of collaborative cybersecurity efforts. With active involvement in the Linux Foundation Project, TAC Security is poised to shape the future of technology, empowering organizations to thrive in the digital age. Additionally, this partnership opens an ecosystem of more than 10,000 potential customers for us.
We debuted on NSE Emerge on April 5, 2024, with a 174% premium over the offer price. Backed by stock market expert Vijay Kedia, we raised ₹29.99 crore through our IPO and received bids exceeding $1 billion, resulting in an oversubscription of 422 times.
About TAC Security TAC Security is a global leader in Vulnerability Management, protecting Fortune 500 companies, leading enterprises, and governments around the world. We manage 5 million vulnerabilities through our Artificial Intelligence (AI)-based Vulnerability Management Platform, ESOF (Enterprise Security in One Framework).
