When we last mentioned MGT Capital Investments, Inc. (OTCMKTS: MGTI) here on Street Register, we referred to it as one of the top Cryptocurrency stocks on our radars right now, with nearly 5,000 bitcoin mining rigs either active or set to go into operation soon.
In addition to a very ambitious bitcoin mining operation located in Washington State, the company is also developing a portfolio of cyber security technologies, headed up by industry pioneer John McAfee, creating advanced protection technologies for mobile and personal tech devices, as well as corporate networks. The Company’s first product, Sentinel, an enterprise class network intrusion detector was just released in October, and that is one of the topics we’re going to cover today.
MGT Capital Investments, Inc. (OTCMKTS: MGTI) recently revealed that it had executed a Distribution Agreement with Interwork Technologies for the marketing and sale of the Company’s Sentinel network intrusion device. The agreement is non-exclusive and covers the North American marketplace. Interwork is one of the largest value-added specialty distributors of cybersecurity, information management and network solutions, providing s its 2,500 reseller channel partners with the expertise and support required to effectively bring products to market. (Source: PR Newswire)
Sentinel features a new approach towards monitoring network traffic compared to the rest of the industry. The system, composed of a passive hardware device connected to each subnet, monitors network traffic for suspicious activity using sophisticated algorithms, generating an alert and deploying countermeasures when triggered.
After a hacker has compromised one device on a network, they will attempt to break into as many servers, computers and devices as they can. Sentinel actively monitors network traffic directed towards it as well as other types of broadcast traffic that can be used to detect these attacks.
When attackers scan the network, Sentinel appears to be low hanging fruit- attractive targets that will be easy to hack and exploit. Attempting to scan or hack sentinel will result in the administrator getting an alert via text message and email. The administrator can then secure genuine resources on the network and use the Sentinel logs to determine what computers, services or devices a hacker has control over.
Sentinel mitigates risk by greatly reducing the time a hacker has to operate inside protected networks, planting malware and stealing data. Using the information collected by Sentinel, the IT staff/administrators can take the appropriate action to determine the scope of the intrusion and resolve it in a quick and concise manner.
The Sentinel Hardware itself is about the size of a deck of cards, is plug-and-play, and available in three editions, for home, small business, and enterprise usage. It adds an interesting item to the company’s portfolio, which, as we mentioned above, already includes one of the most ambitious bitcoin mining operations in the country. MGT also has a high security “privacy phone” offering that we have yet to discuss, which was also designed by John McAfee, the designer of the Sentinel system.
For all these reasons, we are very interested to continue tracking the MGTI story. The company is well-diversified into a number of attractive market spaces, and we fell this warrants our attention moving forward. Keep it locked to Street Register for updates, and we’ll deliver important developments on MGTI as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in MGTI stock, short or long.