#Cybersecurity #Stock News: Safe-T Group
(NASDAQ: $SFET): NetNut Strengthens its Presence in the Price Comparison Market
with New Travel-Industry Customers; @SafeTGroupltd
Tel Aviv, Israel - December 28, 2022
(Investorideas.com Newswire) Safe-T Group Ltd. (NASDAQ, TASE: 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 unit ("NetNut"), is expanding its presence
into the price comparison market with new customers from the travel sector that
operate price comparison websites (PCW).
Read this in full at https://www.investorideas.com/news/2022/defense/12281SFET-NetNut-Travel-Industry.asp
These new customers will be utilizing NetNut's
solutions to improve their price comparison capabilities and offer their users
seamless and competitive business analysis and increased productivity. These
new partnerships will allow NetNut to tap into the growing PWC marketplace and
further establish itself as a leading provider of proxy solutions.
"We are pleased to partner with new customers in
the price comparison website market, as it allows us to further strengthen our
presence in the travel industry, a competitive market for our customers. We are
confident that our solutions will provide our customers with valuable benefits,
allowing them to offer their users an efficient and competitive experience,"
said Shachar Daniel, Safe-T's Chief Executive Officer.
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
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 privacy solutions, consumer cyber-security and privacy solutions,
and enterprise cyber-security 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.
The cybersecurity solutions for
enterprises are available by our reseller, TerraZone Ltd.,
a global information security provider, as a solution or cloud service. These
solutions are 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.
For more information about
Safe-T, visit www.safetgroup.com
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.
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 NetNut's expansion into a
new market segment, its network's performance, the ability of NetNut's solution
to address market needs and improve customers' price comparison capabilities.
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
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