Cybersecurity stocks will see further acceleration in 2021 as more companies ramp up protection following recent hacks.
Last year, many analysts anticipated an acceleration of cybersecurity spending for 2021 as more governments and businesses work from home and adopt cloud technology.
Wedbush senior tech analyst Dan Ives says cybersecurity spending will increase by 20% in 2021 as more companies ramp up protection following the SolarWinds hack that compromised state agencies and corporations including Microsoft.
“We believe there is a $200 billion dollar growth opportunity in cloud security ‘up for grabs’ over the next five years for those vendors that have the solution sets to protect critical cloud deployments and seamlessly work with on premise and public/ hybrid workloads through a unified and deep solution set,” Ives said.
GlobeX Data Ltd. (OTC: SWISF) shares on watch
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. GlobeX Data Ltd. serves consumers, businesses and governments worldwide.
The company recently announced that it is on track to launch its Sekur secure communications solution to the US mass market comprising of privacy enthusasts and businesses looking for security and privacy not offered by other applications.
GlobeX is putting the final touches on its Sekur.com website in order to have a smooth launch in the USA. The Company is targeting all privacy enthusiasts in the consumer and business sectors, as other applications for secure messaging fail to guarantee data privacy and security for their users. The launch is expected to happen between by end of March 2021, as the Company is targeting several million consumers and business executives in search of a secure and private application for all their communications needs.
GlobeX plans to first perform several small digital marketing tests and increase the scope of the marketing program once it has fine-tuned the message, in order to maximize its return on investment in the advertising budget. The first phase of the program has a budget of USD 250,000. As the campaign gains traction and success, the Company will increase the budget. Funds for the budget are already allocated and available immediately.
Sekur, which includes SekurMessenger as part of a bundle of email, messaging and file transfer into one app solutions, includes the Company’s latest SekurMail technology, which includes proprietary anti-phishing and privacy feature called SekurSend®. SekurSend® lets a user send an email to any other recipient, whether they have Sekur or not, in full privacy and security as the email never leaves Sekur‘s encrypted email servers based in Switzerland. The recipient can then click on the notification and reply in the same manner using SekurReply®, without the recipient having to register for a Sekur account. The sender can also decide to protect any email sent by adding a password to open it, a read-limit and a self-destruct timer as well. Sending an email with the SekurSend® feature allows the senders and recipients to add limitless size attachments to the emails without crowding the recipients’ email box. This also guarantees to eliminate BEC attacks for businesses and email phishing attacks. Additionally, SekurMail includes full control of email delivery, automatic data export for large Enterprises and an automatic Data Loss Prevention technology (“DLP”) with real time continuous archiving.
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.
SekurMessenger 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, eliminating a huge loophole in security and privacy. SekurMessenger issue 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.