GlobeX Data Ltd (CSE:SWIS) (OTCQB:SWIS) is seeing increased interest in its upcoming PrivaTalk Messenger (PTM) offering as businesses urgently need to protect communications form cyber-attacks and identity theft, the firm said on Tuesday.
The tech group's Swiss hosted PrivaTalk Messenger is a secure communications suite, which includes encrypted messaging with a self-destruct timer and an encrypted email service called Custodia.
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"Business is coming back in India and Sri Lanka, and we are in daily communications with our distributors," Alain Ghiai, the chief executive of GlobeX Data said in a statement.
"We expect to do better than we thought in the region, considering the huge economic impact COVID-19 has had in the South Asia region. India looks to be bigger than we though, as their cyber-attacks have increased by more than 35% from Q4 2019 to Q1 2020.
"Our new PTM solution is popular and simple to use, while it protects users' data and comes with our proprietary technologies, including anti-phishing technology."
Ghiai highlighted that the pandemic had placed global companies under intense pressure and created an increased awareness for secure cloud business solutions like the ones offered by the company.
"We believe that this trend will only continue moving forward, and India is no exception as we expect robust sales growth in the coming quarters for the region," he said.
A key feature of PTM is that users do not have to register with their phone number, eliminating a huge loophole in security.
GlobeX cited a website article posted on June 5 this year, which 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," GlobeX also highlighted in the statement.
PrivaTalk Messenger issues each user a username and a PTM number.
The latter is the contact ID a user would disclose in order for other PTM 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.
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