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Stock Alert: Safe-T Group Shares Up 21% In Premarket On PAOF Launch

Shares of Safe-T Group Ltd. (SFET) are rising over 21% in pre-market today, after the company announced the launch of its Perimeter Access Orchestration Fabric or PAOF designed to take its Zero Trust Network Access or ZTNA solution to the next level.

The company noted that ZTNA solutions are designed to help organizations adopt, more effective, security models based on the "never trust, always verify" principle. With the expansion of network boundaries, the required perimeter-based defenses can no longer rely only on firewalls and VPN technologies, the company added.

The stock has been trading in the range of $0.93 - $40.00 for the past one year, and closed Thursday's trade at $1.71. SFET is currently trading at $2.08, up 37 cents or 21.64% in the pre-market session.

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