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StrikeForce Technologies (OTCQB: SFOR) reports a surge in interest for its SafeVchat secure video conferencing platform, particularly in the healthcare sector, following increased cybersecurity concerns due to geopolitical tensions. Over the past two months, 25 new hospitals and clinics have opted to evaluate SafeVchat for enhanced data protection. The company's approach addresses vulnerabilities in current video conferencing platforms, emphasizing user authentication and data classification in line with cybersecurity best practices.
StrikeForce Technologies (OTCQB: SFOR) announced a strategic Reseller/Distributor agreement with Zentek to integrate its cyber security solutions, GuardedID and MobileTrust, into personal cyber insurance policies for banks and financial services in Brazil. This partnership aims to address the rising cyber threats faced by Brazilian citizens, highlighting the potential market demand for enhanced security measures. The launch is anticipated between Q2 and Q3 2022, with expectations for further collaborations in the future.
StrikeForce Technologies, Inc. (OTCQB: SFOR) announced a new partnership with a cryptocurrency company, securing 50% of net proceeds from transaction fees. CEO Mark Kay emphasized the growing Decentralized Finance (DeFi) market as a significant opportunity for StrikeForce. The partnership is expected to generate about $700,000 in revenue for 2022, which was not previously projected and may grow in the future. StrikeForce will also provide cybersecurity solutions for the cryptocurrency project, including a secure wallet.
StrikeForce Technologies (OTCQB: SFOR) projects strong growth for 2022, emphasizing a strategic transformation in its cybersecurity offerings. CEO Mark L. Kay highlighted the establishment of SafeVchat as a new standard in video conferencing security, supported by a comprehensive industry study. With a targeted market opportunity expected to reach $50 billion by 2026 and an innovative marketing strategy underway, including national TV ads and a new PR campaign, StrikeForce aims for approximately $1.3 million in sales this year, focusing on expanding its product reach amid increasing remote work demands.
New to The Street will feature interviews from eight companies on January 16, 2022, airing on Newsmax TV from 10-11 AM ET. Among the companies highlighted are StrikeForce Technologies, Inc. (SFOR), GlobeX Data, Ltd. (SWISF), and First Wave BioPharma, Inc.. The segment will discuss key business developments, including ongoing clinical trials for First Wave's gastrointestinal products and StrikeForce's collaboration with Aite Group on data protection standards.
StrikeForce Technologies (OTCQB: SFOR) announced a new cybersecurity approach through a collaborative whitepaper focusing on video conferencing security. The research, developed with Aite-Novarica, recommends classifying video call data based on its sensitivity to enhance privacy protections. This method aligns with the NIST cybersecurity framework, suggesting a systematic protocol for securing video communications. The whitepaper aims to address escalating privacy concerns as remote work proliferates, advocating for tailored security measures for different conference types.
StrikeForce Technologies (OTCQB: SFOR) announced the launch of its SafeVchat™ Secure Video Conferencing API, now actively integrated by several customers. The API offers vital cyber security features, addressing the growing risks of data breaches. Customers, including a Fortune 100 company and a global financial marketplace, are set to implement the API across various applications. Additionally, the firm recently initiated a marketing program expected to yield positive results. StrikeForce currently holds over $2.5 million in cash, earmarked primarily for marketing and expansion efforts.
StrikeForce Technologies, Inc. (OTCQB: SFOR) announces a significant rise in sales for its SafeVchat and PrivacyLok products, acquiring nearly 50 new customers in the last 35 days. The company initiated TV advertising campaigns on major networks and plans to utilize 156 LED billboards in NYC, aiming for increased recurring revenue. Product development is ongoing, with integration of SafeVchat APIs by various clients, including a deal with a Fortune 100 company expected to roll out to over 2,800 locations. The CEO expresses optimism for future growth.
StrikeForce Technologies (OTCQB: SFOR) announced that its subsidiary, BlockSafe Technologies, received a new patent from the USPTO. This patent is seen as a significant advantage, facilitating connections between enterprise networks and blockchains. With the global blockchain market projected to reach $394.6 billion by 2028, StrikeForce is strategically positioned to benefit from this growth. The patent includes features such as a Blockchain Security Agent, authenticator, and policy engine, aiming to enhance security in blockchain applications. The company anticipates interest from major industry players.
StrikeForce Technologies (OTCQB: SFOR) announces the closure of its Regulation A offering, securing necessary funding from a strategic investor. CEO Mark L. Kay indicates that this capital will enable the company to expand its corporate growth strategy and enhance marketing and technical teams. The firm is uniquely positioned in the authentication and cybersecurity markets, which are projected to surpass $100 billion in sales by 2026. Additionally, StrikeForce has launched a new website and a channel program to onboard over 100 new resellers in the coming year.
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