Home Top Movers Why Is Safe-T (SFET) Stock Rising Today?

Why Is Safe-T (SFET) Stock Rising Today?

Today, shares of cybersecurity solutions provider Safe-T Group Ltd. (Nasdaq: SFET) have gained traction at the start of the regular session. Just after the ring of the bell, the SFET stock had increased 6.73% to $1.74 in initial trades. Following the launch of a biometric security solution offered by SFET’s subsidiary, the Safe-T stock surged.

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What does the new solution offer?

A leader in access solutions and intelligent data collection, Safe-T Group has been operating since 2003. Enterprises of any size benefit from Safe-T’s on-premises and cloud solutions which reduce attacks on services and data that are mission-critical and assured of continuous business continuity.

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Safe-T’s patented access solutions help organizations reduce their attack surfaces, improve their ability to defend against modern cyberthreats, and facilitate a smooth digital transformation and in-cloud migration. The data collection cloud service provides clients the option to collect accurate, transparent and sensitive data from public online sources by using SFET’s fastest and most advanced and secured business proxy network.

Safe-T Group today announced the first-ever biometric-based Zero Trust Network Access (ZTNA) solution.

A joint ZTNA solution has just been launched by Safe-T’s subsidiary Safe-T Data A.R Ltd. in collaboration with ImageWare Systems (OTCQB: IWSY). Offering defense-grade biometric identification and authentication for data, products, services and facilities, IWSY is a provider of secured solutions for identification.

  • Using ZoneZero and ImageWare Authenticate together offers everything organizations look for in a secure and simple ZTNA solution.
  • Before giving access, the solution blends biometrics in the cloud or on-premises to ensure the user is who he or she claims to be.
  • Once biometrically authenticated, the solution still provides fast and seamless access to resource for all users, regardless of whether they are managed or unmanaged.

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Finally,

With remote working on the rise, virtual private networks and passwords are not as effective in securing access to data and services, so the security of the networks requires increasingly authentic solutions. SFET is positioning itself to gain the competitive edge or at least more opportunities vs. its peers with launch of this new solution.

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