Sekur Private Data Ltd. Confirms it Has No Deposit or Relationship with SVB Bank
Sekur Private Data Ltd. (OTCQX:SWISF) has confirmed that it has no funds deposited at Silicon Valley Bank and has never had any banking relationship with SVB. In response to shareholder inquiries about potential exposure to SVB's financial issues, the Company reassured that all funds are securely held at top-tier banks in Canada and the USA, with no lending relationships or lines of credit. CEO Alain Ghiai emphasized a conservative banking strategy to safeguard shareholder interests. Sekur offers private communications solutions, including SekurMessenger and SekurMail, enhancing email security and privacy through innovative features like SekurSend.
- No funds deposited at Silicon Valley Bank, mitigating risk amid banking instability.
- Funds secured at top-tier banks in Canada and USA, enhancing financial stability.
- Conservative banking strategy to protect shareholder interests.
- Innovative features in products, such as SekurSend, enhancing security and usability.
- None.
TORONTO, ON and NEW YORK, NY / ACCESSWIRE / March 13, 2023 / Sekur Private Data Ltd. (CSE:SKUR)(OTCQX:SWISF)(FRA:GDT0) ("Sekur" or the "Company"), a leading Swiss hosted secure and private communications platform, would like to confirm that it has no funds deposited at Silicon Valley Bank ("SVB") and has never had any banking relationship with SVB Bank.
The Company has received several inquiries from shareholders inquiring about the Company's banking relationship, if any, with SVB. The Company is pleased to confirm that it has never had a banking or other relationship with SVB. All of the Company's funds are held at one of the top 3 banks in Canada according to the Investopia ranking of Canadian banks, and at one of the top 3 banks in the USA according to rankings from bankrate.com site. The Company has no lending relationship or line of credit with any of its banks.
Alain Ghiai, CEO of Sekur Private Data said: "We have received inquiries from shareholders concerned about the contagion of SVB and we wanted to assure everyone that we have never had any relationship with SVB or any of its affiliated entities. The Company has a very conservative approach to its banking relationships, by banking only with the top banking institutions wherever it holds a bank account. We are very mindful of where we deposit our cash and how it is being managed. The best thing to do for our shareholders is to have our cash managed in the most conservative manner possible and have it deposited in the most financially sound banks possible."
Sekur, which includes SekurMessenger and SekurMail, is part of a bundle of email, messaging and file transfer into one application, 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 eliminates 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 have created a certain urgency for businesses and data privacy advocates to protect their communications from cyber-attacks and identity theft via mobile and desktop devices.
SekurMessenger now comes with a proprietary feature and technology called "Chat-By-Invites". This feature allows a SekurMessenger user ("SM user") invite a non-SM user, or a group of non-SM users, to chat in a fully private and secure way, without the recipient ever having to register to SekurMessenger or download the app. At the end of the chat, the initiator of the conversation can remotely terminate the conversation and all traces of the conversation are deleted from all users, including the recipient. This unique feature is now fully deployed and functional on all iOS and Android devices and web platforms. The target sectors are numerous, including but not limited to real estate, legal, finance, insurance, medical, government, energy, manufacturing, trade and pharmaceutical sectors.
SekurMessenger also 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 issues each user a username and a Sekur number. The Sekur number is the contact ID a user would disclose in order for other Sekur users to be added. The service comes with a self-destruct timer and other features as well, including Sekur's proprietary VirtualVaults and HeliX technologies with all data stored in Swiss hosted encrypted servers.
Sekur'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.
About Sekur Private Data Ltd.
Sekur Private Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure and private communications. The Company distributes a suite of encrypted e-mails, secure messengers, and secure communication tools. Sekur Private Data Ltd. sells its products through its own website at https://www.sekur.com, and approved distributors, and telecommunications companies worldwide. Sekur Private Data Ltd. serves consumers, businesses and governments worldwide.
On behalf of Management
SEKUR PRIVATE DATA LTD.
Alain Ghiai
President and Chief Executive Officer
+1.416.644.8690
corporate@sekurprivatedata.com
For more information, please contact Sekur Private Data at corporate@sekurprivatedata.com or visit us at https://www.sekurprivatedata.com.
For more information on Sekur visit us at: https://www.sekur.com.
Forward Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guaranteeing future performance. Sekur cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Sekur's control. Such factors include, among other things: risks and uncertainties relating to the future of the Company's business; the success of marketing and sales efforts of the Company; the projections prepared in house and projections delivered by channel partners; the Company's ability to complete the necessary software updates; increases in sales as a result of investments software development technology; consumer interest in the Products; future sales plans and strategies; reliance on large channel partners and expectations of renewals to ongoing agreements with these partners; anticipated events and trends; the economy and other future conditions; and other risks and uncertainties, including those described in Sekur's prospectus dated May 8, 2019 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Sekur undertakes no obligation to publicly update or revise forward-looking information.
SOURCE: Sekur Private Data Ltd.
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