Oracle Dispatch for Yesterday 3-20-2018. Interesting, no mention of all of the major deals Strikeforce has coming but all about Blocksafe Technologies...
Strikeforce Technologies Inc (OTCMKTS:SFOR) is a micro-cap stock in the cybersecurity space that has started to get back on the run in recent action. This market segment has been very quiet of late but has obvious longer-term promise and interest given the critical importance of the theme for both corporate and government spending budgets.
In recent action, SFOR shares have started to perk up in a meaningful way, with shares popping well above major moving averages on gradually increasing volume data. The only relatively recent release from the company was its announcement that the opening of a new subsidiary, BlockSafe Technologies, Inc. BlockSafe will focus on providing security solutions to protect blockchain and cryptocurrencies.
“We have been closely following the extraordinary growth of blockchain, Bitcoin, and cryptocurrencies for some time now,” says Mark L. Kay, CEO of StrikeForce. “When we saw that they were becoming mainstream disruptive technologies, we knew that hackers would quickly follow.” In recent months, crypto-criminals have successfully hacked companies like Youbit, BitFinex, Nicehash, Coindesk, Enigma, and Tether. “Attacking blockchain, digital wallets and crypto-exchanges are becoming a daily occurrence,” says Kay, “and the current landscape of security solutions on the market just wasn’t designed to protect them.”
Strikeforce Technologies Inc (OTCMKTS:SFOR) trumpets itself as a software development and services company in the United States and internationally. The company owns the right to develop and license various identification protection software products to protect computer networks from unauthorized access and to protect network owners and users from identity theft. Its cybersecurity products include ProtectID, an authentication platform to authenticate computer network users by various methods, including traditional passwords combined with a telephone, iPhone, Droid, Blackberry, PDA, or multiple computer secure sessions, biometric identification, and encrypted devices; and GuardedID that prevents the use of spyware/malware to collect user information.
The company’s cybersecurity products also comprise MobileTrust, an iPhone/iPad and Android device password vault that includes a password generator, as well as provides for Mobile Multi-Factor One Time Password authentication; and GuardedID mobile software development kit. In addition, it provides software and hardware that are contractually licensed from other vendors, which include VASCO tokens, as well as additional authentication and telecommunication software devices.
The company was formerly known as StrikeForce Technical Services Corporation and changed its name to StrikeForce Technologies, Inc. in September 2004. StrikeForce Technologies, Inc. was founded in 2001 and is based in Edison, New Jersey.
“That’s why we are so excited about StrikeForce becoming a leader in blockchain security,” says Kay. “Protecting blockchain and cryptocurrencies is a huge greenfield opportunity for us. Cybersecurity has typically lagged far behind innovation, but in this instance, we know exactly what’s needed, and the best part of it is that our existing patented technologies will play a key role in protecting private/corporate blockchains as well as digital wallets and cryptocurrencies.”
According to its most recent release, “BlockSafe Technologies will offer three uniquely redesigned security solutions. The first is Blockchain Defender, which will be the industry’s most comprehensive dedicated Blockchain firewall which includes access control and policy enforcement. The other two solutions are Desktop Defender and Mobile Defender; both products will protect digital wallets and cryptocurrencies on MS Windows, Apple, iOS & Android platforms.”
Recent action has seen just under 130% tacked on to share pricing for the listing in the past month, but this action is running counter to the larger trend in the name. This is emblematic of the stock. SFOR has evidenced sudden upward volatility on many prior occasions. Moreover, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed nearly 110% over what the stock has registered over the longer term.
Now commanding a market cap of $31M, SFOR has a chunk ($903K) of cash on the books, which must be weighed relative to about $4.3M in total current liabilities.
Strikeforce Technologies Inc (OTCMKTS:SFOR) is a micro-cap stock in the cybersecurity space that has started to get back on the run in recent action. This market segment has been very quiet of late but has obvious longer-term promise and interest given the critical importance of the theme for both corporate and government spending budgets.
In recent action, SFOR shares have started to perk up in a meaningful way, with shares popping well above major moving averages on gradually increasing volume data. The only relatively recent release from the company was its announcement that the opening of a new subsidiary, BlockSafe Technologies, Inc. BlockSafe will focus on providing security solutions to protect blockchain and cryptocurrencies.
“We have been closely following the extraordinary growth of blockchain, Bitcoin, and cryptocurrencies for some time now,” says Mark L. Kay, CEO of StrikeForce. “When we saw that they were becoming mainstream disruptive technologies, we knew that hackers would quickly follow.” In recent months, crypto-criminals have successfully hacked companies like Youbit, BitFinex, Nicehash, Coindesk, Enigma, and Tether. “Attacking blockchain, digital wallets and crypto-exchanges are becoming a daily occurrence,” says Kay, “and the current landscape of security solutions on the market just wasn’t designed to protect them.”
Strikeforce Technologies Inc (OTCMKTS:SFOR) trumpets itself as a software development and services company in the United States and internationally. The company owns the right to develop and license various identification protection software products to protect computer networks from unauthorized access and to protect network owners and users from identity theft. Its cybersecurity products include ProtectID, an authentication platform to authenticate computer network users by various methods, including traditional passwords combined with a telephone, iPhone, Droid, Blackberry, PDA, or multiple computer secure sessions, biometric identification, and encrypted devices; and GuardedID that prevents the use of spyware/malware to collect user information.
The company’s cybersecurity products also comprise MobileTrust, an iPhone/iPad and Android device password vault that includes a password generator, as well as provides for Mobile Multi-Factor One Time Password authentication; and GuardedID mobile software development kit. In addition, it provides software and hardware that are contractually licensed from other vendors, which include VASCO tokens, as well as additional authentication and telecommunication software devices.
The company was formerly known as StrikeForce Technical Services Corporation and changed its name to StrikeForce Technologies, Inc. in September 2004. StrikeForce Technologies, Inc. was founded in 2001 and is based in Edison, New Jersey.
“That’s why we are so excited about StrikeForce becoming a leader in blockchain security,” says Kay. “Protecting blockchain and cryptocurrencies is a huge greenfield opportunity for us. Cybersecurity has typically lagged far behind innovation, but in this instance, we know exactly what’s needed, and the best part of it is that our existing patented technologies will play a key role in protecting private/corporate blockchains as well as digital wallets and cryptocurrencies.”
According to its most recent release, “BlockSafe Technologies will offer three uniquely redesigned security solutions. The first is Blockchain Defender, which will be the industry’s most comprehensive dedicated Blockchain firewall which includes access control and policy enforcement. The other two solutions are Desktop Defender and Mobile Defender; both products will protect digital wallets and cryptocurrencies on MS Windows, Apple, iOS & Android platforms.”
Recent action has seen just under 130% tacked on to share pricing for the listing in the past month, but this action is running counter to the larger trend in the name. This is emblematic of the stock. SFOR has evidenced sudden upward volatility on many prior occasions. Moreover, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed nearly 110% over what the stock has registered over the longer term.
Now commanding a market cap of $31M, SFOR has a chunk ($903K) of cash on the books, which must be weighed relative to about $4.3M in total current liabilities.
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