MGT develops Cloud encryption platform

MGT Capital Investments, Inc. (NYSE: MGT) has developed Clear Skies, a new platform designed to allow a company to implement a layer of security for data stored in the Cloud, the company said.

The company said this allows a company to ensure any lapses of security at the Cloud level do not subject the company´s data to breaches, providing the same level of security as an on premise database.

Powered by Demonsaw technology, Clear Skies allows businesses to collaborate in real-time, synchronize and share files, audio and video chat, configure on-the-fly anonymous traffic routing networks similar to TOR, and secure applications that were previously vulnerable to hackers, such as clear-text email and web browsing.

MGT Capital Investments, Inc. is a cyber security company in the process of acquiring a diverse portfolio of cyber security technologies. The company addresses cyber threats through protection technologies for mobile and personal tech devices, including tablets and smart phones.