New Layer of Protection Added to iShield™ Product to Help Consumers and SMBs Defend Against Emerging Ransomware Attacks
Safe-T Group Ltd., a global provider of cyber-security and privacy solutions to consumers and enterprises, announced it has completed development of an advanced ransomware protective layer for its iShield consumer and small and midsized business (“SMBs”) product.
The new embedded anti-ransomware feature was designed to protect consumers and SMBs from some of the most common forms of ransomware threats and attacks including social engineering, malware-infected advertising, drive-by infections and traffic distribution systems.
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“Safe-T is committed to providing its customers with powerful and effective cybersecurity and privacy solutions, bringing enterprise-grade capabilities to consumers and SMBs. That is why we are so excited to offer this advanced protective layer in iShield™ which will equip our customers with a more robust defense against the rise in ransomware attacks,” stated Shachar Daniel, Co-Founder, and Chief Executive Officer of Safe-T Group Ltd. “Adding this new anti-ransomware feature in iShield™ is another important step in our efforts to expand our consumers products proposition, with an even greater ability to secure sensitive data and information from cybertheft.”
Over just the past year, more than 495 million ransomware attacks have been logged by SonicWall, a leading publisher of ransomware threat intelligence, making 2021 the most costly and dangerous year on record. Dollar losses from ransomware attacks are estimated to increase in severity as well according to Cybersecurity Ventures who predicts ransomware attacks will cost victims $265 billion annually by 2031. This equates to 30% year-over-year growth in damage costs over the next ten years.
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