HARRISON, N.Y., July 15, 2016 /PRNewswire/ -- MGT Capital
Investments, Inc. (NYSE MKT: MGT) today announced Sentinel MGT, an
intrusion monitoring system, a cybersecurity product designed to
protect corporate and enterprise intranets from sophisticated
hacking threats. MGT also announced plans for a consumer product
based on the technology, due to be released in November. The
underlying technology was purchased from Cyberdonix, Inc. for
150,000 restricted shares of MGT stock.
In an article published yesterday, Inc. Magazine correctly
outlined the five most important classes of cybersecurity
technologies needed to address the latest threats facing
organizations and consumers. These are protecting the rapidly
expanding Internet of Things (IOT), protecting the cloud, moving to
a proactive defense, protecting individual privacy and securing
mobile computing platforms.
Sentinel MGT joins the other technologies acquired by MGT --
D-Vasive, Demonsaw and E-Tagged -- to make MGT the only company
developing targeted solutions for all of these threats to both the
consumer and enterprise markets. These technologies, taken
together, comprise the world's first comprehensive Anti-Hacking
system.
Sentinel MGT features a new approach towards monitoring network
traffic that outpaces every other approach in the industry. The
system, composed of a passive hardware device connected to an
enterprise Ethernet, monitors network traffic for suspicious
activity using sophisticated algorithms, providing an early warning
system that alerts the owner before irreparable damage can be done.
The device requires no setup or user configuration. The user merely
plugs it into an intranet and it communicates anomalous packets to
an MGT server, where they are analyzed and appropriate alerts are
instantaneously transmitted to the enterprise IT department.
Sentinel MGT mitigates risk by greatly reducing the time a
hacker has to operate inside protected networks, planting malware
and stealing data. It also allows for an investigation to begin
while the attack is in progress, rather than after the perpetrator
has left the system. This Anti-Hacking system allows organizations,
for the first time, to take a proactive rather than a reactive
approach to cybersecurity.
John McAfee, proposed Executive
Chairman and Chief Executive Officer of MGT, stated, "Sentinel is
the world's first product designed by white hat hackers to address
the growing threat of corporate and governmental hacking of
enterprise intranets. The product is being readied for sale in the
U.S. market, and we will have a Chinese version ready for sale when
I deliver my keynote address to the Chinese National Security
Conference in Beijing on
August 15th."
Mr. McAfee concluded, "Unlike anti-virus products, which focus
on the actual malware tools used by hackers, our Anti-Hacking model
focuses on the means that hackers use to gain entrance to their
targets. This helps prevent malware from being planted in the first
place. This tilts the playing field in the favor of the
enterprise."
About MGT Capital Investments, Inc.
MGT Capital
Investments, Inc. (NYSE MKT: MGT) is in the process of acquiring a
diverse portfolio of cyber security technologies. With cyber
security industry pioneer, John
McAfee, at its helm, MGT Capital is positioned to address
various cyber threats through advanced protection technologies for
mobile and personal tech devices, including tablets and smart
phones. The Company is currently in the process of acquiring
D-Vasive, a provider of leading edge anti-spy software, and
Demonsaw, a provider of a secure and anonymous file sharing
software platform.
MGT Capital intends to change its corporate name to "John McAfee
Global Technologies, Inc." upon closing of the D-Vasive
transaction.
For more information on the Company, please
visit http://ir.stockpr.com/mgtci.
Forward–looking Statements
This press release contains
forward–looking statements. The words or phrases "would be," "will
allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated," "estimate," "project," or
similar expressions are intended to identify "forward–looking
statements." MGT's financial and operational results reflected
above should not be construed by any means as representative of the
current or future value of its common stock. All information set
forth in this news release, except historical and factual
information, represents forward–looking statements. This includes
all statements about the Company's plans, beliefs, estimates and
expectations. These statements are based on current estimates and
projections, which involve certain risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These risks and uncertainties include
issues related to: rapidly changing technology and evolving
standards in the industries in which the Company and its
subsidiaries operate; the ability to obtain sufficient funding to
continue operations, maintain adequate cash flow, profitably
exploit new business, license and sign new agreements; the
unpredictable nature of consumer preferences; and other factors set
forth in the Company's most recently filed annual report and
registration statement. Readers are cautioned not to place undue
reliance on these forward–looking statements, which reflect
management's analysis only as of the date hereof. The Company
undertakes no obligation to publicly revise these forward–looking
statements to reflect events or circumstances that arise after the
date hereof. Readers should carefully review the risks and
uncertainties described in other documents that the Company files
from time to time with the U.S. Securities and Exchange
Commission.
Investor Contact
Garth
Russell
Managing Director
KCSA Strategic Communications
grussell@kcsa.com
212.896.1250
Media Contact
Tiffany
Madison
Director of Corporate Communications
MGT Capital Investments, Inc.
tmadison@mgtci.com
469.236.9569
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SOURCE MGT Capital Investments, Inc.