Cybersecurity is a fast-evolving industry. According to Cybersecurity Ventures, global spending on information security will grow to $170.4 billion in 2022. The cybersecurity market is expected to grow 12-15% year-over-year through 2021. With millions of employees still working from home, many enterprises remain far too vulnerable to hacking and digital security breaches.
Recent data breaches, in messaging applications and in particular in the WhatsApp application have created a certain urgency for businesses to protect their communications form cyber-attacks and identity theft via mobile devices, has sparked investors interest in cybersecurity related stocks. With millions of employees still working from home, many enterprises remain far too vulnerable to hacking and digital security breaches.
GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS), a leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, is poised to benefit from the surging demand for security products (especially privacy-related products).
The company has been selected and nominated by The Silicon Review in their 50 Best Companies To Watch in 2020.
The company reported that it has signed a nationwide distribution agreement with SYNNEX Canada Limited (“SYNNEX Canada”), a leading national distributor of IT software, hardware and consumer electronics throughout Canada, to distribute GlobeX’s Sekur solution through SYNNEX Canada’s 11,000 resellers nationwide. SYNNEX Canada is a subsidiary of NYSE listed SYNNEX Corporation (NYSE:SNX).
SYNNEX Corporation (NYSE:SNX), is a Fortune 200 corporation and a leading business process services company, provides a comprehensive range of distribution, logistics and integration services for the technology industry, as well as outsourced services focused on customer engagement strategy to a broad range of enterprises. SYNNEX distributes a broad range of information technology systems and products and also provides systems design and integration solutions. Concentrix, a wholly-owned subsidiary of SYNNEX Corporation, offers a portfolio of strategic solutions and end-to-end business services around customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in ten identified industry verticals. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe. Additional information about SYNNEX may be found online at www.synnex.com.
The distribution agreement with SYNNEX Canada covers all of Canada, and will expose GlobeX’s secure email and messaging solutions to over 11,000 resellers in Canada alone. GlobeX has decided to partner with Darn IT Group in the implementation and training of the resellers nationwide and has named Darnley Greson, CEO of Darn IT Group, as GlobeX Data’s Channel Development Manager for North America. The term of the Agreement shall be for a period of one year after the Effective Date with automatic one-year renewals unless terminated by either party upon 30 days prior written notice.
Sekur is the Company’s Swiss hosted secure communications suite, which includes encrypted messaging and voice recording transfer with 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.
Sekur 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. SekurMessenger, GlobeX’s Swiss hosted encrypted instant messaging, secure voice recording transfer and secure file transfer application all in one.
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.
SekurSafe is GlobeX’s Swiss hosted secure document management, virtual secure data room, secure email, password manager and collaboration cloud suite all in one, and includes the Company’s latest SekurMail and SekurShare technologies.
GlobeX’s Data privacy solutions are all hosted in Switzerland, protecting users’ data from any outside data intrusion requests. In Switzerland, the right to privacy is guaranteed in article 13 of the Swiss Federal Constitution. The Federal Act on Data Protection (“FADP”) of 19 June 1992 (in force since 1993) has set up a strict protection of privacy by prohibiting virtually any processing of personal data which is not expressly authorized by the data subjects. The protection is subject to the authority of the Federal Data Protection and Information Commissioner.
Under Swiss federal law, it is a crime to publish information based on leaked “secret official discussions.” In 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws they may not be used to track Internet usage without the knowledge of the individuals involved.
Based on recent the last few press releases, GlobeX is expanding its global footprint with partnerships and distribution all over the world. https://www.otcmarkets.com/stock/SWISF/news