In a world in which most work is done online, cybersecurity and privacy are major concerns, which is why the cybersecurity industry is expected to grow fairly quickly in the coming years.

One of the companies that investors may consider looking into at this point in time is Sekur Private Data Ltd (OTCQX:SWISF) (CSE:SKUR). It is clearly a company with a difference since it provides a level of privacy that can hardly be offered by many other companies in the industry.

Market Stats

On Thursday, SWISF stock moved down marginally to $0.1452 with more than 212K shares, compared to its average volume of 107K shares. The stock moved within a range of $0.1305 – 0.1452 after opening trading at $0.1355.

Data protection is something that enterprises and governments are quite paranoid about and rightly so. For instance, data that is saved in servers in the United States could be subpoenaed by the authorities, however, Sekur Private Data operates its servers from Switzerland, and hence, the data is protected by the strident Swiss Data Privacy Laws. The company has noted that it provides the level of encryption that is used by the military and hence, provides the highest level of data protection that a customer can hope for. The company offers a range of products that could be of significant interest to both enterprises and governments.

In addition to encrypted email and secure messaging services, Sekur Private Data also provides document management, data storage, and password management services. All these products are then sold through two product packages.

Recently in July 2022, the company announced that it had successfully launched its platform in multiple languages and in multiple currencies. Hence, it is going to be possible for people in different parts of the world to buy a package in their local currencies. As many as eight new currencies have been added covering four continents.

Traders Corner

SWISF stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.17. Moreover, the stock is trading below the 200-Day moving average of $0.25.

By Ankit Singhania

Based in India, Ankit is a financial content writer and stock market analyst. He has worked for more than a decade on several financial projects related to stock market news, fundamental research and technical analysis for several websites. He obtained his Masters Degree In finance (MS – finance) from ICFAI.

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