ioXt Alliance Approves TAC Security as Authorized Lab to Advance Global IoT Security Standards

LOS ANGELES--(BUSINESS WIRE)--The ioXt Alliance, the global standard for IoT security, is proud to announce the approval of TAC Security as an authorized lab within the esteemed ioXt Certification Program. This significant milestone empowers TAC Security to conduct advanced security testing and risk assessments for Internet of Things (IoT) devices, ensuring adherence to the highest global standards of security, transparency, and upgradability.

With this authorization, TAC Security joins an elite group of just eight authorized labs worldwide. The company's cutting-edge capabilities and commitment to cybersecurity make it a key player in the ioXt Alliance’s mission to foster trust and transparency in the rapidly growing IoT ecosystem.

The milestone has already made waves in the financial market, with TAC Security’s shares hitting a 5 percent upper circuit following the announcement. This surge reflects market confidence in the company’s leadership and its expanding role in securing the rapidly growing IoT ecosystem.

"We are thrilled to welcome TAC Security as an ioXt authorized lab," said Grace Burkard, Director of Operations of the ioXt Alliance. "Their expertise in vulnerability management and robust infrastructure positions them to help IoT manufacturers and enterprises meet critical security benchmarks. This partnership further strengthens our collective efforts to ensure secure and trustworthy connected devices worldwide."

The announcement comes as ioXt recently achieved recognition as a Cyber Labeling Authority (CLA) by the U.S. Federal Communications Commission (FCC) for the Cyber Trust Mark program. The program aims to provide consumers with transparency into the security standards of IoT devices, making TAC Security’s approval as an authorized lab especially timely and impactful.

TAC Security will integrate IoT security assessments into its Enterprise Security in One Framework (ESOF) Vulnerability Management Platform, offering enterprises a seamless way to manage IT, OT, and IoT risks. The company plans to roll out these services by February 2025, aligning with the global IoT market's projected growth to $59 billion by 2030.

For more information about the ioXt Certification Program, visit www.ioxtalliance.org.

About ioXt Alliance

The ioXt Alliance is the global standard for IoT security, fostering transparency and accountability across the IoT ecosystem. Recognized by the FCC as a Cyber Labeling Authority for the U.S. Cyber Trust Mark program, ioXt is at the forefront of securing connected devices worldwide through rigorous certification and partnerships with industry leaders.

About TAC Security

TAC Security is a global leader in vulnerability management, providing innovative cybersecurity solutions for enterprises. Through its ESOF Vulnerability Management Platform, TAC Security enables organizations to seamlessly manage IT, OT, and IoT risks while meeting critical security benchmarks.