sfet - SFET STOCK NEWS

Safe-T Group Ltd. (NASDAQ: SFET) has launched a new residential network product targeting the sneaker resale market. This initiative marks a significant synergy between its business and consumer IP proxy solutions. With a robust static residential proxy network, the product caters to over 100,000 potential customers, facilitating access to sneaker releases without bandwidth limitations. CEO Shachar Daniel expressed optimism about the product opening avenues for future business segments, enhancing the company’s position in the proxy solutions market.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) will present its ZoneZero™ Secure Access Platform at the CYBERSEC 2021 Virtual Conference, aimed at addressing cyber defense for Industrial Control Systems and Industrial IoT on February 11, 2021. Eitan Bremler, Co-Founder & VP Corporate Development, will showcase the technology's uniqueness. This conference highlights recent cyber risks and innovative defensive technologies, connecting global leaders via a virtual format. Safe-T's solutions enhance security and data collection capabilities, ensuring business continuity against cyber threats.

Safe-T Group Ltd. (NASDAQ, TASE: SFET) announced that CEO Shachar Daniel will participate in A.G.P.’s Virtual Emerging Growth Technology Conference on February 4, 2021. He will discuss the company’s Zero Trust Access solutions designed to secure enterprises' critical services and data. The ZoneZero™ technology offers secure access for both on-premise and hybrid cloud environments, enhancing security for remote work. In 2020, Safe-T launched six new products and expanded its presence in international markets, including APAC and Europe. Further updates will be available in the investor relations section.

Safe-T Group (NASDAQ: SFET) announced participation in two January 2021 virtual events with partners HTC Global Services and Softprom Distribution GmbH, enhancing collaboration within the secure access solutions market. Eitan Bremler, Co-Founder & VP of Corporate Development, will present the ZoneZero™ VPN which leverages Zero Trust Network Access for improved security. The HTC event is on January 20, and the Softprom event on January 27. Safe-T’s solutions focus on mitigating cyber threats while supporting businesses in digital transformation.

Safe-T Group Ltd. (NASDAQ: SFET) announces preliminary revenue estimates for 2020, projecting $4.85 million to $4.95 million, a 48% to 51% increase from 2019's $3.28 million. The fourth quarter is estimated at $1.25 million to $1.35 million, up from $1.11 million a year prior. Approximately 90% of revenues originate from SaaS and recurring models. The company improved its distribution network globally and raised $18.7 million to support its growth. Safe-T is positioned for future expansion, with full audited results expected by March 31, 2021.

Safe-T Group Ltd. (SFET) announces the launch of a new free consumer VPN application by its subsidiary, NetNut Ltd. This VPN will provide secure access across over 100 countries, leveraging NetNut’s residential network. The company anticipates substantial user growth and synergies between its cybersecurity and IP proxy businesses, contributing positively to performance in the short term. With plans to integrate the VPN with enterprise security solutions, Safe-T aims to enhance competitive positioning in the market.

Safe-T Group Ltd. (NASDAQ: SFET) announces a proactive response to recent supply chain attacks, including the SolarWinds breach, by offering free network reviews for organizations. Their ZoneZero™ Multi-Factor Authentication (MFA) solution aims to secure access to corporate resources by preventing unauthorized infiltration. With 33,000 organizations using Orion's software, 18,000 were affected by malicious updates. CEO Shachar Daniel emphasizes that their MFA solution can cut off the main attack vector and protect against future incidents, urging organizations to adopt modern security measures.

Safe-T Group Ltd. (NASDAQ: SFET) has partnered with Fujitsu Technology Solutions to launch a secure remote access managed security service in Portugal. This service utilizes Safe-T's ZoneZero™, a zero trust network access solution, aimed at enhancing security for Fujitsu's clients across various sectors including banking and insurance. The collaboration responds to increased demand for secure access solutions driven by the COVID-19 pandemic and digital transformation, which has expanded the attack surface for organizations.