TORONTO: GlobeX Data Ltd., the leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, reports that sales of Sekur will meet or beat internal targets for 2020 sales.
Sekur is the Company’s Swiss hosted secure communications suite, which includes encrypted messaging, voice recording transfer, self-destruct timer, an encrypted email account and a secure file transfer solution. All data is secured using GlobeX’s proprietary encryption technology and is hosted exclusively in Switzerland for ultimate privacy.
After discussing with several of its distributors in Canada, USA, Latin America, the Bahamas, and South Asia; GlobeX has been able to compile an estimate of sales for Sekur for the remainder of this year. Although most markets are still recovering from the COVID-19 pandemic economic damages, sales are expected to attract a minimum of 1,000 paid users and reach a potential of 5,000 paid users in 2020, depending on economic factors, bringing recurring yearly gross sales of US$70,000 to US$350,000 for 2020, through distributors, with an estimated increase of 100% in volume of paid subscribers sold for 2021 as the Company expands into other markets, such as the Middle East, Africa and Australia.
The licenses in South Asia are paid on a yearly basis in advance, as they are activated. GlobeX expected a lower paid subscriber base in 2020, due to the economic damage inflicted by the COVID-19 pandemic, however, cyber-attacks and BEC attacks on enterprises and government infrastructures has created an immediate need for Sekur.
The Company has already received interest for Sekur for 2,000 users in South Asia and Central America from two distributors, and is working diligently to try to close these opportunities before December 31 2020.
The Company is also having advanced discussions with its distributor in Toronto Canada, Darn IT Group, in order to find large scale distribution in Canada and has had early discussions with a large distributor that wishes to remain anonymous due to the nature of the discussions as the distributor is looking at a possible exclusivity agreement for Canada.
One of the many Privacy and security features of Sekur is that the user does not register with their phone number, eliminating a huge loophole in security and privacy. Just recently, according to an article written by Lindsey O’Donnell and posted on the website threatpost.com on June 5 2020, it was disclosed that WhatsApp phone numbers and users were searchable on Google, creating a massive security and privacy breach. Earlier in the year, an article was written about a similar flaw affecting all businesses, NGOs, UN and non-profit organizations, where WhatsApp Group members were also compromised and searchable in a reverse engineering trick done on Google.
Recent data breaches in messaging applications and in particular in the WhatsApp application have created a certain urgency for businesses and data privacy advocates to protect their communications form cyber-attacks and identity theft via mobile and desktop devices.
Sekur eliminates many of the privacy and security risks by not only not requiring a phone number, which would divulge a user’s phone device ID, but also by not social engineering a user’s phone or computer contact list and infecting the contacts by default as well.
Sekur issues each user a username and a SM number. The SM number is the contact ID a user would disclose in order for other SM users to be added. The service comes with a self-destruct timer and other features as well, including GlobeX’s proprietary VirtualVaults and HeliX technologies with all data stored in Swiss hosted encrypted servers.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure data management and secure communications. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. GlobeX Data Ltd. sells its products through its approved wholesalers and distributors, and telecommunications companies worldwide.
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