Safe-T Group: NetNut Enables its New Enterprise Cybersecurity Customers to Identify Potential Cyber Attacks
25 November 2022 - 2:30PM
Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the
“Company”), a global provider of cybersecurity and privacy
solutions to consumers and enterprises, today announced that NetNut
Ltd., the Company's wholly owned subsidiary and enterprise privacy
network (“NetNut”), is expanding the use case range of its product
offering into a new market segment with the addition of new leading
cybersecurity firms to its customers portfolio. NetNut’s network
allows cybersecurity companies that are providing open-source
intelligence (OSINT) services as well as vulnerability assessment
and penetration testing services, to carry out their operations in
a smooth and scalable manner by using NetNut' leading solution.
“Our products performance, productivity and
reliability combined with our strong business development team,
attracts new customers from additional high potential sectors,"
said Eitan Bremler, VP Product Strategy, Marketing at Safe-T. "The
privacy and cybersecurity sectors share much in common, and we have
been able to leverage our expertise and attract new customers.
According to the latest Fortune Business Insights report, the
global cybersecurity market is projected to grow from US$155.8
billion in 2022 to US$376 billion by 2029, exhibiting a CAGR of
13.4% during such period1. It is surely a tremendous market with
great opportunity, and we are proud to enter this market and anchor
it as one of our growth channels. Our solution provides cyber
security companies with the ultimate tool to identify potential
threats and potentially prevent future attacks.”
NetNut recently announced it has doubled its
usage volume and processed over 36 billion customer's requests. The
sharp increase in volume is a result of the onboarding of several
strategic customers, as well as the expansion of NetNut's network
and its ability to process billions of requests.
About NetNut Ltd.
NetNut Ltd., a wholly owned subsidiary of Safe-T
Group Ltd., is a provider of fast, reliable and scalable proxy
solutions for all web scraping and web data extraction
requirements. By utilizing a dynamic network and delivering
optimized IP pools, NetNut is the ultimate solution for scraping
and collecting web data at high speed and lower rates. NetNut’s use
cases includes web data extraction, market research, Search Engine
Optimization (SEO) monitoring and Search Engine Results Page (SERP)
tracking, price comparison, social media management (SMM),
advertising verification, brand protection, travel aggregation and
more. NetNut’s proxy network comprises exit points based on its
proprietary reflection technology and hundreds of servers located
at its ISP partners around the world. The infrastructure is
optimally designed to guarantee the privacy, quality, stability,
and the speed of the service.
About Safe-T Group Ltd.
Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) is
a global provider of cyber-security and privacy solutions to
consumers and enterprises. The Company operates in three distinct
segments: enterprise cyber-security solutions, enterprise privacy
solutions, and consumer cyber-security and privacy solutions.
Our cybersecurity and privacy solutions for
consumers provide a wide security blanket against ransomware,
viruses, phishing, and other online threats as well as a powerful,
secured, and encrypted connection, masking their online activity
and keeping them safe from hackers. The solutions are designed for
advanced and basic users, ensuring full personal protection for all
personal and digital information.
Our privacy solutions for enterprises are based
on our world’s fastest and most advanced and secured proxy network,
enabling our customers to collect data anonymously at any scale
from any public sources over the web using a unique hybrid network.
Our network comprises both exit points based on our proprietary
reflection technology and hundreds of servers located at our ISP
partners around the world. The infrastructure is optimally designed
to guarantee the privacy, quality, stability, and the speed of the
service.
Our cybersecurity solutions for enterprises,
designed for cloud, on-premises and hybrid networks, mitigates
attacks on enterprises’ business-critical services and sensitive
data, while ensuring uninterrupted business continuity.
Organizational data access, storage and exchange use cases, from
outside the organization or within, are secured according to the
“validate first, access later” philosophy of Safe-T’s zero trust.
Our ZoneZero® solutions are available by our reseller, TerraZone
Ltd., a global information security provider, as a solution or
cloud service.
For more information about Safe-T, visit
www.safetgroup.com
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. For example, Safe-T is using
forward-looking statements in this press release when it discusses
the expansion of the use case range of NetNut’s product offering
into a new market segment, its network’s performance, productivity
and reliability, the ability of NetNut’s solution to address market
needs, identify potential threats and potentially prevent future
attacks, and the ability to attract new customers. Because such
statements deal with future events and are based on Safe-T’s
current expectations, they are subject to various risks and
uncertainties and actual results, performance or achievements of
Safe-T could differ materially from those described in or implied
by the statements in this press release. The forward-looking
statements contained or implied in this press release are subject
to other risks and uncertainties, including those discussed under
the heading “Risk Factors” in Safe-T’s annual report on Form 20-F
filed with the Securities and Exchange Commission (“SEC”) on March
29, 2022, and in any subsequent filings with the SEC. Except as
otherwise required by law, Safe-T undertakes no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
INVESTOR RELATIONS
CONTACTS:
Michal Efraty+972-(0)52-3044404 investors@safetgroup.com
1 https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165
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