sfet - SFET STOCK NEWS

Safe-T Group Ltd. (Nasdaq: SFET) has released a Consumer Online Scam Report by CyberKick, detailing prevalent online security threats. The report identifies major scams including email invoice scams, online shopping scams, phishing scams, and identity theft. VP Eitan Bremler emphasized that cyber-attacks are evolving, making consumers increasingly vulnerable. Safe-T aims to keep customers informed about these threats while offering solutions to mitigate risks. Further details are available in the full report.

Safe-T Group Ltd. (NASDAQ: SFET) announced its privacy application has surpassed 5,000,000 downloads across various platforms, including iOS, Android, and Windows. The iOS application ranks among the top ten privacy applications in the US App Store. CEO Shachar Daniel highlighted the effectiveness of the company's customer acquisition strategies and secured funding for future growth. Safe-T's consumer privacy solutions utilize advanced encryption to protect user data, ensuring privacy and security against online threats.

Safe-T Group Ltd. (Nasdaq: SFET) announced a successful customer acquisition program that resulted in the waiver of milestone conditions for its second funding tranche of $2 million from O.R.B. Spring Ltd. Following a prior funding of $1 million in August 2022, the total funding from O.R.B. could reach $4 million by July 2023. The waiver reflects confidence in Safe-T's performance in consumer privacy solutions, contributing to an increase in its user base across major application platforms. The agreement's amended terms were reported in a Form 6-K filing with the SEC.

Safe-T Group Ltd. (NASDAQ: SFET) plans to change the American Depositary Shares (ADS) ratio from 1:1 to 1:10, effective approximately November 8, 2022. This change will not affect the number of ordinary shares or shareholders' ownership percentages. ADS holders must surrender their ADSs for the new ratio, while holders of uncertificated ADSs will see an automatic exchange. The company believes this adjustment will assist in complying with Nasdaq requirements, though it cannot guarantee that ADS prices will maintain proportionality post-change.

Safe-T Group Ltd. (Nasdaq: SFET) reported a significant decrease in losses for Q3 2022, alongside strong revenue growth. The company expects revenues of approximately $4.8 million for the quarter, marking a 42% increase from $3.38 million in Q3 2021. For the nine-month period, revenues are projected to exceed $13.5 million, up 107% from $6.5 million in the same timeframe last year. This growth is attributed to ongoing investments in privacy products. The full financial results will be released by November 30, 2022.

Safe-T Group Ltd. (NASDAQ: SFET) announced CEO Shachar Daniel will present at the Small Cap Growth Conference on October 12, 2022, and the ThinkEquity Conference on October 26, 2022. He will highlight the company's achievements and its Enterprise Privacy Solutions, aimed at enhancing online business performance through user behavior monitoring.

Safe-T Group Ltd. (NASDAQ: SFET) announced that its Apple iOS privacy application ranks among the top ten productivity applications in the U.S. App Store shortly after its launch. The app's success is attributed to its robust privacy protection features, leveraging advanced encryption to secure user data and prevent tracking. The company aims to enhance its technology and increase recurring revenue while targeting growth in the competitive cybersecurity market.

Safe-T Group Ltd. (NASDAQ: SFET) announced its expansion into the European market, with over 70 existing customers utilizing its cybersecurity and privacy solutions. The company will participate in key European events, including DMEXCO 2022 in Cologne (Sept. 21-22) and eCommerce Expo in London (Sept. 28-29), to showcase its Enterprise Privacy solutions. These solutions enable online businesses to collect and analyze data, enhancing digital marketing effectiveness and generating competitive advantages through data-driven decisions.

Safe-T Group Ltd. (NASDAQ: SFET) has announced the acquisition of three new prominent customers for its Enterprise Privacy Solutions Unit, which focuses on combating advertising fraud. This sector is increasingly important, with advertising fraud costs reaching $81 billion in 2022 and projected to hit $100 billion in 2023. The company's CEO stated that the demand for anti-fraud solutions is expected to grow significantly, driven by evolving fraud tactics. Safe-T's advanced platform aims to provide effective solutions for detecting and preventing various types of advertising fraud.