By Rachael Green, Benzinga
This month, Sekur Private Data Ltd. (OTCQB: SWISF) (CSE: SKUR) (FRA: GDT0) announced a new distribution agreement with Digital Smart Solution Sarl (DSS), a Morocco-based IT services consulting company. The agreement will see Sekurs suite of privacy solutions, including SekurMesenger, SekurVPN and SekurMail offered to some of Moroccos largest companies in the telecommunications and banking sectors.
Sekur Is A Leader In Developing Truly Private And Secure Communication And Internet Access
Among the solutions that will be distributed under the new agreement is SekurMessenger. The proprietary chat, voice-message and file-sharing app allows users to communicate via a secure and very private channel without disclosing their phone number or other contact information. It also comes with a self-destruct timer that users can set to automatically clear message history at regular intervals. Thats true even when using the app to chat with someone who doesnt have SekurMessenger through its chat-by-invite feature. The enterprise version archives all communications at server level for compliance, and offers full users permissions and onboarding, offering a compliant true private closed loop communications solution for businesses and their client base and offering an alternative to other non-compliant messaging applications in use today by many employees in the financial, legal and medical sectors. According to a CNBC article dated Aug 8th, 2023, U.S. regulators announced a combined $549 million in penalties against Wall Street firms that failed to maintain electronic records of employee communications.
That level of privacy and data protection could be a game changer in a market that currently suffers from a lack of robust cybersecurity. Approximately 90% of African businesses are operating without cybersecurity protocols in place, making them vulnerable to cyber threats, such as hacking, phishing, and malware attacks, said Sekur CEO Alain Ghiai.
Privacy is still an issue even within the cybersecurity services market, though. Data mining and third-party leaks are major issues among virtual private network (VPN) providers, for example. VPNs are meant to offer users a way to browse the internet while concealing their IP address and making the rest of their data less vulnerable to hackers.
But many VPN providers structure their service in a way that leaves glaring loopholes for data leaks. In July, for example, Meta (NASDAQ: META) was fined AU$20 Million by the Australian Competition and Consumer Commission after its subsidiary, Onavo Protect VPN, was found to be monitoring and logging user activity and sharing that data with its parent company.
Even when a VPN provider promises that it doesnt log user activity, it might use third-party servers or bundle its VPN with third-party services like ad blockers or anti-virus software that dont make the same data privacy guarantees.
Thats what Sekur wanted to solve with its SekurVPN launched in April. The VPN service is hosted entirely on Sekurs own servers based in Switzerland, where data privacy laws are especially strict. Its also a pure VPN service with no other third-party add-ons bundled into the plan. The result is a no-frills, easy-to-use VPN that not only guarantees that it wont monitor or log user data but avoids the risk of third-party providers tracking or sharing that data as well.
This level of privacy and security is especially important for businesses that are often handling not just their own data but that of customers and, as a result, are more likely to be targeted by cybercriminals.
DSS Distribution Agreement Aligns With Sekurs Recent Push Into Enterprise Security Market
Under the new deal, DSS will start by approaching two of the largest telecom operators in Morocco which serve a combined mobile subscriber base of well over 20 million users. This comes as Sekur takes major steps to grow its enterprise services segment, including plans to launch major marketing campaigns by the fourth quarter of this year targeting the 30 million small businesses in the United States, where two-thirds of todays VPN users are based. Alongside its expanded distribution and marketing strategy, the company is also developing a suite of Sekur Enterprise solutions to better cater to this segment as its network of enterprise customers grows.
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