00:48:30 EDT Wed 22 Apr 2026
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Integrated Cyber Solutions Inc
Symbol ICS
Shares Issued 74,707,544
Close 2026-04-21 C$ 0.62
Market Cap C$ 46,318,677
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Integrated Cyber completes Veil risk assessment

2026-04-21 19:11 ET - News Release

Mr. Alan Guibord reports

INTEGRATED CYBER SOLUTIONS ANNOUNCES COMPLETION OF INDEPENDENT AI SECURITY RISK ASSESSMENT FOR VEIL(TM)

Integrated Cyber Solutions Inc., doing business as Integrated Quantum Technologies, has completed an independent AI (artificial intelligence) security risk assessment of its Veil data security technology, conducted by Forward Security Inc. (FWDSEC). The company engaged FWDSEC to prepare the risk assessment on Feb. 2, 2026. In connection with the company's engagement of FWDSEC, FWDSEC was paid a fee of $31,745. FWDSEC does not hold any securities in the company.

The company's product, Veil, transforms data containing any sensitive information (PII, PCI, PHI etc.) into non-invertible representations that no longer contain sensitive information prior to processing by machine learning models. This transformation aims to reduce the presence of protected, proprietary, regulated or any other sort of sensitive information within downstream systems and limits potential exposure in the event of unauthorized access. The approach differs from conventional methods that focus on securing data in its original form, by instead modifying the data before use.

The independent risk assessment was conducted by FWDSEC to systematically evaluate potential security and privacy risks associated with Veil deployments, in which the Veil architecture and information layer primitive are used to transform sensitive data into latent vector representations for use in downstream machine learning processes.

The scope of the risk assessment focused on the Veil DB proxy enforcement of the trust boundary, including Postgres wire protocol handling, query inspection and response transformation. The risk assessment also examined AI and privacy-related threat scenarios involving potential exposure of latent representations, downstream outputs and associated machine learning operations (MLOps) artifacts. In addition, selected application security controls aligned with industry-standard frameworks were reviewed by FWDSEC where relevant to the deployment architecture.

The risk assessment followed a structured risk evaluation process, including threat modelling, protocol-level security testing and analysis of AI-specific privacy risks. Testing was conducted in a production-like environment with access to system architecture, source code, and representative data sets and model artifacts. Findings were reviewed and validated with the company's engineering team as part of the engagement.

Results of the risk assessment indicate that no high-risk or medium-risk security threats were identified within the tested Veil deployment. The risk assessment identified standard minor findings consistent with systems at a similar stage of development, and included recommendations for continuing risk management and control enhancements.

"The completion of this independent assessment provides validation of the security characteristics of our Veil technology," said Alan Guibord, chief executive officer and president of Integrated Quantum Technologies. "Third party testing is an important component of enterprise adoption, and these results support our continued product development and broader commercial readiness."

"This engagement evaluated the security and privacy characteristics of Veil," said Farshad Abasi, founder and CEO of Forward Security. "The architecture reflects a novel approach to transforming sensitive data into representations required for machine learning, while removing directly identifiable information."

The risk assessment also included a business impact analysis of key data assets within scope, evaluating potential exposure scenarios and their implications for enterprise use.

The company commissioned this risk assessment as part of its broader effort to validate the security characteristics of its technology in real-world deployment conditions and to support internal risk management, product development and enterprise readiness. Independent third party security assessments are commonly required by enterprise customers as part of vendor evaluation and procurement processes.

About Integrated Cyber Solutions Inc., doing business as Integrated Quantum Technologies

Integrated Quantum Technologies is building quantum-ready infrastructure to help secure and scale artificial intelligence. The company's product offerings include the AIQu platform, which supports its long-term strategy for privacy-preserving and resilient AI systems, and Veil, its first commercial product designed to protect sensitive AI data and workflows in enterprise environments. The company's proprietary technologies address emerging postquantum security risks, growing compute demands and the increasing complexity of deploying AI at scale, complemented by its managed services offering and SecureGuard360 cybersecurity platform for end-to-end AI security and monitoring.

About Forward Security Inc. (FWDSEC)

FWDSEC is a Canadian cybersecurity company specializing in application security and cloud security services. The firm provides services, including security assessments, penetration testing and security design reviews, supporting organizations in building and maintaining secure software systems.

We seek Safe Harbor.

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