- U.S. regulatory agencies are fining banks and other financial institutions millions of dollars for privacy violations
- Fines range up to $50 million per occurrence, but Sekur’s services offer an immediate and cost-effective solution to avoid fines
- Sekur offers Chat-by-Invite, SekurMessenger, and SekurMail as a fully encrypted communications platform that financial institutions can utilize to safeguard their data and comply with U.S. regulations
Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FRA: GTD0), a cybersecurity and internet privacy provider of Swiss-hosted solutions for secure and private communications, was recently featured on the New to the Street segment “Sekur Privacy & Sekur Security Segment – The Weekly Hack” (https://nnw.fm/2xyWo). Sekur’s internationally acclaimed internet privacy expert and CEO Alain Ghiai was interviewed by host and multi-media journalist Ana Berry about U.S. regulatory agencies fining banks and other financial institutions millions of dollars for bank privacy violations.
Under U.S. regulation, financial entities cannot communicate with clients and their employees using non-secure, open text, and email platforms – with an SEC probe discovering financial institutions using WhatsApp to communicate private banking matters. Fines can range up to $50 million per occurrence for using non-secure e-communication platforms, but the segment concludes that with Sekur’s Chat-by-Invite feature, SekurMessenger, and SekurMail, there is an affordable and immediate cost-effective solution financial institutions can use to avoid being fined.
In 2022, the global cyber security market was valued at $173.5 billion and is expected to reach $266.2 billion by 2027, growing at a CAGR of 8.9% (https://nnw.fm/cir9q). This market is being driven by the increased number of data breaches worldwide, with the ability of malicious characters to operate from anywhere in the world – making the need for secure and encrypted communications occur, especially in the financial industry where personal and vulnerable data is constantly being communicated daily.
With the shift to a work-from-home landscape, vulnerabilities, especially where financial data is concerned, have become an easy target when not using high-level encryption. When using Sekur’s suite of services, customer information is stored confidentially and safely in Switzerland using military-grade security. Sekur chose Switzerland due to its very tough privacy laws – as a company, Sekur never tracks devices, doesn’t ask for phone numbers, doesn’t use third-party platforms, and never sells data to third-party companies.
Mr. Ghiai explains during the segment that, with Sekur, financial entities can communicate with clients on the company’s fully secure encrypted platform:
- Invites to Sekur’s Chat-by-Invite allow clients to receive an invite to communicate without downloading apps using Sekur’s closed-loop platform.
- The SekurMessenger SMS platform is available in 83 countries, allowing financial institutions protection under US laws when communicating with overseas clients.
- SekurMail is an encrypted email service that allows for communication, whether through Sekur’s ecosystem or outside of it, that is secured and encrypted – safeguarding communications regardless of geographical or political barriers.
He also recommends SekurVPN, a virtual private network hosted on the company’s 100 %-owned servers in Switzerland. Subscribers will always appear as being in Switzerland, with web traffic never traced or information sold to third parties. Financial institutions and other interested parties can get a 15% savings monthly and yearly on all of Sekur’s service plans, which is good for five years, using the Promo Code: PRIVACY.
The new weekly interviews between Ms. Berry and Mr. Ghiai air on Bloomberg TV 2 Saturdays a month at 6:30PM EST and on the Fox Business Network every Sunday at 3:30 to 4:00 PM EST (with the Sekur segment airing usually the last 10 minutes) – and are available now for replays at https://newtothestreet.com/?s=skur.
For more information, visit the company’s website at www.SekurPrivateData.com.
NOTE TO INVESTORS: The latest news and updates relating to SWISF are available in the company’s newsroom at https://nnw.fm/SWISF
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