HERZLIYA, Israel, April 15, 2019 /PRNewswire/ -- Safe-T Group Ltd.
(NASDAQ: SFET) (TASE: SFET), a provider of Software-defined
Access (SDA) solutions for the hybrid cloud, today announced the
launch of its user and web-based anomaly detection product, named
Safe-T Telepath. Safe-T has recently completed integrating the
Safe-T Telepath as part of Safe-T's Software Defined Perimeter
(SDP) solution. The Telepath technology, acquired by Safe-T Data
from Cykick Labs Ltd. in July 2018,
is a proprietary technology aimed to recognize hostile attacks on
web-based services through the identification of the users'
anomalous behavior.
The goal of Safe-T's SDP solutions and "Zero Trust" platform
architectures is to prevent access by malicious and unauthorized
users to organizations' internal services. However, according to
International Data Corporation's (IDC)
report[1], 40% of cyber breaches actually
originate with authorized users accessing unauthorized systems.
Therefore, a new breed of SDP solution is required, which
not only prevents unauthorized users from accessing the
organizations' data and services, but of equal importance, tracks
the behavior of authorized users and alerts on service misuse and
anomalous behavior of authorized users accessing unauthorized
systems.
Safe-T Telepath was originated to answer the need to control
authorized access to unauthorized resources. It is the first ever
user and web-based anomaly detection technology designed for SDP
solutions and Zero Trust architectures. Safe-T Telepath employs a
hybrid approach based on rules and machine learning to identify
suspicious activities.
Safe-T Telepath empowers cyber security teams with early access
to actionable intelligence on emerging threats and comprehensive
forensics capabilities, as well as insights into sophisticated
attacks. It detects anomalies to stop fraudulent activities by
understanding the normal behavior of application visitors and
non-intrusively inspecting enterprise web application
transactions.
"Software Defined Perimeter solutions and Zero Trust
architectures are designed to create a black hole around
organizations' services, by preventing unauthorized users from ever
reaching them. With the percentage of authorized users performing
unauthorized actions being so high, there is a growing need for a
new type of solution" said Eitan
Bremler, VP Technology at Safe-T. "Recognizing this need, we
have worked to develop an answer and are now launching Safe-T
Telepath as part of our SDP solution. The new product will allow us
to provide our customers with robust protection against
cyber-attacks, including external and internal threats."
About Safe-T
Safe-T® Data A.R Ltd., a wholly-owned subsidiary of Safe-T Group
Ltd. (Nasdaq, TASE: SFET), is a provider of software-defined access
and zero trust access solutions which mitigate attacks on
enterprises' business-critical services and sensitive data. Safe-T
solves the data access challenge. The company's software-defined
access (SDA) platform reduces the attack surface, empowering
enterprises to safely migrate to the cloud and enable digital
transformation. With Safe-T's patented, multi-layer
software-defined access, financial services, healthcare, utility
companies and governments can secure data, services, and networks
from internal and external threats.
For more information about Safe-T, visit www.safe-t.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 advantages of its new SDP solution and its potential to address
market need and/or demand. 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 26,
2019, 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. References and
links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
[1] According to its website, IDC is
the premier global provider of market intelligence, advisory
services, and events for the information technology,
telecommunications, and consumer technology markets. The report can
be reviewed in the following link:
https://www.akamai.com/us/en/multimedia/documents/report/remote-access-security-challenges-and-opportunities.pdf
Press Contact
Michal
Efraty
+972-(0)52-3044404
michal@efraty.com
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SOURCE Safe-T