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This Company Believes Biometrics Could Be One Of The New Super Powers Of The Digital World

BIO-key International, Inc.

In March 2017, Netflix’s official Twitter Inc. (NYSE: TWTR) account tweeted "love is sharing a password." Five years later, media reports created a furor, hinting that Netflix was considering ways to curtail password sharing with people beyond the main user’s household. Password sharing on digital streaming platforms like Netflix Inc. (NASDAQ: NFLX) and Amazon.com Inc. ’s (NASDAQ: AMZN) Prime Video is common practice with multiple people sharing a single account with different user profiles. But what Netflix has taken issue with now, and is trying to curtail, is the unauthorized and illegal sharing of passwords through password-sharing marketplaces run by bad actors, which it says costs the company more than $6 million in annual revenue loss. The consequences of credential-related cyber crime could prove to be very expensive for organizations if the spate of reported incidents is anything to go by. Some of the most significant password-related security breaches of the last year include those at Microsoft Corp. (NASDAQ: MSFT), SolarWinds Corp. (NYSE: SWI), and GoDaddy Inc. (NYSE: GDDY). Microsoft reported a cyberattack by Chinese hacking group Hafnium, which targeted thousands of its servers across the United States and affected government agencies and businesses, exposing the email communications of each affected organization. In a separate incident, U.S. government agencies were compromised in a series of nationwide attacks involving software from the cyber security firm SolarWinds where hackers reportedly exploited a vulnerability in its network monitoring software, allowing them to infiltrate companies that were using that software and gain access to their email communications. Cybercriminals apparently had access to GoDaddy’s systems for over two months before they were detected and their access blocked, by which time considerable damage had already been done. Rising Cyber Crime Could Be Driving Companies’ Focus Toward Identity And Access Management User credentials are the entry point to an organization’s data, and securing the network and access to data has become a top priority for businesses in the highly digital world. Companies like BIO-key International Inc. (NASDAQ: BKYI), 3M Co. (NYSE: MMM), Fujitsu Ltd. (TYO: 6702), and Safran SA (SAF.PA) provide secure access management solutions in different parts of the world could play an important role in addressing the challenges that are inherent with password-based security solutions and the risk and cost associated with traditional methods of access management. More organizations are moving away from password-based solutions to biometric authentication. Identity-Bound Biometrics (IBB) provides a type of authentication that verifies the actual identity of the individual behind the keyboard, and BIO-key says its world-class biometric platform integrates into its customers’ Identity and Access Management (IAM) strategy. The company reports that it offers multiple Identity and Access Management system options when it comes to enforcing stronger security and multi-factor authentication. It is showcasing new innovations at the Gartner Identity and Access Management (IAM) Summit (Booth 232) at Caesars Palace in Las Vegas, Nevada, August 22-24th. At the Summit, BIO-key will highlight new authentication methods, as additions to its current PalmPositive TM palm scanning method, for its BIO-key MobileAuth ™ mobile app, including FacePositive™ for server-secured facial recognition, device-based biometrics for Android and iOS, and new push token support. It boasts decades of expertise in the field and claims it has a proven track record of successful Identity & Access Management (IAM) project delivery and strong customer relationships in financial services, healthcare, education, manufacturing, communication, transportation, and government. BIO-key says its signature product — PortalGuard® IDaaS (Identity-as-a-Service) — has flexible single sign-on and various authentication options to meet the security goals of most modern organizations to deliver an optimized user experience. Features the company says make PortalGuard an attractive access management solution include: Accessibility to a suite of apps from multiple devices without requiring the user to manage numerous, difficult-to-remember passwords. Multi-factor Authentication (MFA), including biometric authentication options like Identity-Bound Biometrics, to prevent unauthorized access if an attempt to access an application is made from outside of the company’s usual geography. Reduced operational costs and a less heavy burden on tech support to enable password resets because users can quickly reset their own passwords using their fingerprint as their authentication method of choice. To learn more about BIO-key’s biometric solutions visit the company webpage. BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software managing millions of users. Its cloud-based PortalGuard IAM solution provides cost-effective, easy to deploy, convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading Identity-Bound Biometric (IBB) capabilities, enable large-scale Identity-as-a-Service (IDaaS) solutions, as well as customized on premises solutions. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Catalyst IR- William Jones, David Collins +1 212-924-9800 BKYI@catalyst-ir.com Company Website https://www.bio-key.com/

August 25, 2022 03:16 PM Eastern Daylight Time

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Talon Wall Holdings Files $150 Million Defamation Claim Against Reflection Window & Wall

Talon Wall Holdings, LLC

Talon Wall Holdings LLC and their related entities, Chicago Heights Glass Inc. and Entekk Group LTD, longstanding national leaders in commercial high-rise façade construction, recently filed a $150 million defamation counterclaim against Reflection Window & Wall, LLC (RWW) and its director of curtain wall, Joel J. Phelps, who formerly worked for Talon Wall. Talon Wall Holdings, LLC and the related entities had sued the defendants in 2021 for patent infringement, a case that has yet to be resolved. In the interim, RWW filed a lawsuit and published a press release that questioned the safety of Talon Wall®, a patented and revolutionary exterior aluminum and glass wall construction system for commercial buildings. Talon Wall Holdings LLC and the entities refute the RWW allegations and have filed the defamation claims in response. The counterclaim states that RWW “baselessly alleges that the Talon Wall System is not fire safe,” and “in an effort to compete through the courts rather than the marketplace” alleges that the Talon Wall entities committed “fraud.” The counterclaim calls the RWW allegations a “far-reaching and illogical conspiracy” and alleges that, in fact, the “Talon Wall System utilizes the same Window Wall Fire Safe Structure” as all the window wall systems that RWW and other façade manufacturers have been installing for decades, and which RWW has asserted “are known for exceeding fire safety objectives.” According to the counterclaim, “the Talon Wall System has been stringently evaluated by experts on fire safety through the process of approval for large projects throughout the country, and through third-party engineering judgments (including third-party fire testing).” The counterclaim further states that the “Talon Wall System meets or exceeds project specifications with class-leading thermal, structural, air, acoustic, seismic and water performance. It does not require field-applied acoustical, fire-safing insulation, mullion wraps, or fire sealant at floor slab interfaces. It does not require layout or presetting of unit anchors at mounting locations to floor slabs.” In fact, the Talon Wall System has been approved for use by multiple building departments for projects throughout North America, including in Chicago, New York, Denver, Toronto, Vancouver, San Francisco, Nashville, New Jersey, and Virginia, among others. It has also been awarded five United States patents. The counterclaim also alleges that RWW’s July 7, 2022, press release made numerous false statements about Chicago Heights Glass that constitute defamation, commercial disparagement, and slander. The claim further alleges that Phelps, now employed by RWW, breached his fiduciary duty to his former employer by disseminating confidential documents and that they “misquoted and misrepresented ASTM standards in an effort to scare monger and create suspicion when [they] knew that all test requirements were met and passed by the Talon Wall System.” The counterclaim attaches 26 certified engineering judgments and fire test reports for Talon Wall projects, which contradict RWW’s claims that Talon Wall is unsafe. A May 20, 2018, engineering judgment was actually directed to Phelps while he was employed by Entekk as its vice president. Phelps left Entekk in June 2020 to join RWW as its director of curtain wall. He helped RWW design a curtain wall system known as UWALL, which sparked the original patent infringement suit by Talon Wall. The counterclaim seeks damages of $150 million and asks the court to direct RWW and Phelps to retract all defamatory communications and false statements, enjoin them from making further defamatory statements, and disgorge profits from all unlawful activity. Chicago Heights Glass, Inc., a privately owned specialty subcontracting firm, and Entekk Group LTD, a privately owned specialty design and manufacturing firm, are both located in the southern Chicago suburbs and specialize in large commercial construction projects. More information on the company is available at www.chicagoheightsglass.com and www.entekk.com. The original patent infringement lawsuit and the recently filed counterclaim can be downloaded here and at www.LawsuitPressRelease.com. Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelese.coom

August 25, 2022 01:52 PM Eastern Daylight Time

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Shareholder’s Group Demands Morningstar Correct Inaccuracies in Report on ESG Proposals

National Legal & Policy Center

Last week, influential financial ratings and research firm Morningstar reported its findings in its proxy season analysis of a so-called “anti-ESG explosion” of shareholder resolutions at the annual meetings of several major corporations. Without contacting National Legal and Policy Center about its 25 proposals this year, Morningstar mischaracterized them as measures antithetical to the Environmental, Social and Governance (“ESG”) emphasis that has been widely embraced by Corporate America. “In its apparent zeal to denigrate NLPC’s participation in the shareholder process, Morningstar dismissed the fact that nearly all of our resolutions addressed governance issues – that’s right, the “G” in “ESG,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “That makes them pro -ESG!” Indeed, NLPC’s proposals at various times have been proposed in the past, with very similar language, by progressive shareholders who would be identified as “pro-ESG.” Of NLPC’s 25 proposals, six of them sought to split the Chairman and CEO roles; Eleven of them sought greater charitable donation disclosure; Four of them sought greater lobbying expenditure disclosure; and one sought greater board diversity. The other three also could have been proposed by progressives: One sought transparency from Alphabet about requests it received from the government to remove content from its platforms, and two of them addressed human rights and slave labor (Disney and General Motors). “What about any of these proposals makes them ‘anti-ESG?’” Chesser wondered. “Why is good, transparent governance ‘pro’ when progressives present the idea, but ‘anti’ when conservatives present it? Morningstar can’t even point to anything in our resolutions’ supporting statements that screams ‘conservative’ or ‘anti-ESG.’” Puzzlingly, Morningstar unintentionally admitted that NLPC’s proposals were really pro -ESG, by reporting, “Many of the [NLPC] proposals found language and phrasing that the Securities and Exchange Commission finds acceptable by copying earlier approved pro-ESG proposals.” Morningstar also stated that one of NLPC’s many proposals – to split the Chairman and CEO roles – was “reasonable, and many players, Morningstar Sustainalytics included, recommended that investors vote for the proposal.” Nonetheless Morningstar – in its overall effort to paint the resistance to “woke” corporate policies as a failure – misled its readers, subscribers, and the business media about the nature of NLPC’s resolutions. Worse – and without contacting NLPC to learn more about its proposals – Morningstar smeared NLPC by characterizing its intentions as “disingenuous” and “insincere.” “If shareholders had approved any of our resolutions and the companies implemented their measures, they would not have done so in a way that was advantageous for political conservatives or so-called ‘anti-ESG’ advocates – because that’s not what we asked for in our resolutions,” Chesser said. “Greater transparency and accountability represent good governance for all customers and investors — and again, these are measures sought many times in the past by progressive shareholders.” Chesser added that Morningstar is not the objective research and ratings company -- influencing hundreds of billions of dollars in investments -- that many consider it to be. The finance firm is being investigated by Missouri Attorney General Eric Schmitt, under the state’s consumer protection and anti-“Boycott, Divestment and Sanctions” laws. “I suspect what really upsets Morningstar and ESG advocates is that we have shown up on what they regarded as their conquered turf at annual shareholder meetings,” Chesser said. “I’m sure they don’t like the competition.” Chesser characterized the proxy season overall as a first-step for conservatives, and noted that nearly all “pro-ESG” resolutions presented to shareholders over the past several years have been rejected also. Nonetheless the progressive shareholders have won the overall “battlefield” by showing up year after year, by virtue of pro-ESG sympathizers overtaking the boardrooms and executive suites of every major corporation. “Morningstar hoped we would be demoralized by the failure of our resolutions to pass, and I’m sure they wish we would just go away,” Chesser said. “But we are just getting started. See you next year!” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

August 22, 2022 10:00 AM Eastern Daylight Time

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Dukkantek seals $10m funding round as it scales digital ecosystem for SMB retail sector in MENA

Dukkantek

Store management platform Dukkantek has quickly scaled across the MENA region as SMB retailers adopted their tech for customer services, business processes and faster growth. In supporting this growth, Dukkantek is today announcing an oversubscribed $10m pre-series A funding round as it powers the digital ecosystem for 13 million SMB retailers across the UAE, Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia as it looks for more opportunities in North Africa. The funding round was led by BECO with significant participation from Rocketship and Colle Capital. Other strategic investors in the round included Comma Capital, AMK Investment Office, Chaos Ventures, and Wamda Capital. The funding round follows their $5.2m seed round in October 2021, taking their total funds raised to $15.2m. Dukkantek was founded in January 2021 by Ali Al Sayegh, Sanad Yaghi and Shadi Joulani. Originally conceived as a service aimed at retailers in the grocery sector, the merchants on the platform now span 70 different verticals, with clothing and electricals particularly prominent alongside food and drink. It has already attracted more than thousands of customers for its suite of services empowering traditional merchants with end-to-end digital technology that improves all business processes. It enables these retailers to run their bricks and mortar stores more efficiently and productively and to make the leap into ecommerce. Dukkantek co-founder Sanad Yaghi commented: “For too long, the owners of small and medium-sized businesses have been left on the margins of the technology shift; now we are serving their unmet needs. We bring a technology platform consisting of three different value propositions that enable these merchants to compete in a digital world” “This includes a set of tools that enables merchants to run their businesses more effectively. Payments options ensure merchants can offer customers more choice about how to settle their bills. And an e-commerce offering which gives merchants everything they need to start selling online for the first time and to manage that operation in tandem with the brick-and-mortar business. Many merchants struggle to keep track of inventory when selling both online and in physical stores, so having one system that incorporates both parts of the business is very important”. The coronavirus pandemic hastened digital adoption in the MENA region, leading to an increase in online shopping, in particular. The region's e-commerce market is expected to reach $49 billion in 2025, up almost 55 per cent from 2021, a report by EZDubai, an e-commerce zone in Dubai, and Euromonitor International showed earlier this year. The UAE’s e-commerce market alone is forecast to grow 60 per cent to more than $8bn by 2025 from 2021. Community retailers in the UAE without a digital presence, who were unable to accept online payments during the pandemic, were severely affected due to the drop in customer footfall. Dukkantek believes that traditional merchants and small and medium enterprises (SMEs) remain the backbone of the global economy, and their transactions should be digitized to keep pace with market developments. And to this end they platform provides: Cloud POS: The Cloud POS is a Point-of-Sales system that can be accessed online, from anywhere. It allows businesses to keep track of transactions & sales, calculate VAT, generate reports and calculate profit margin. Inventory Management: The Cloud IM is an online software that helps businesses track, manage & organize the inventory. It allows users to keep track of stock, measure stock value, manage fast-moving products and generate reports for analysis. Payment Options: The platform offers a variety of payment options including cash, card payments or credit payments. Reports can be generated to track payments. E-Commerce: The e-commerce functionality allows stores to sell their goods online or through an app. One of its features includes live inventory, as it’s linked to the IM & POS software. Another feature is that stores can choose what items to put online and their corresponding prices. Moreover, it sends push notifications to customers. Companion App: The companion app is a mobile application that helps manage the store online. Its features include: Automated Inventory Reconciliation, live store data, linked to IM & POS, ability to track daily sales on the dashboard, ability to review all transactions, and track cash movements and payment methods. "It's very rare to come across a business and team that have been able to execute the way in which Dukkantek has done so far. Launching 7 countries in 18 short months since founding is no easy feat, yet the Dukkantek team has managed to do it in such a seamless and capital efficient manner. We are very excited to partner with Sanad, Ali and the wider team as they look to build on their exciting traction and overall vision of digitizing merchants." said Abdulaziz Shikh Al Sagha from BECO Capital Having met its geographical expansion goals, Dukkantek’s focus will now turn to adding new services. In particular, exploring working capital solutions and building its data analytics capabilities for users. “We have seen an increase in users accessing analytics tools on the platform which, for example, help them understand which products will sell best. Three-quarters of the businesses on the platform are now trading in this way. Also, many merchants are keen to expand the number of stores they operate, but are held back by the lack of finance available in the region which we can look to explore” added Sanad Yaghi. About Dukkantek Founded in January 2021, Dukkantek is the UAE’s first and only revolutionary store management platform that enables traditional merchants to compete equally in an evolving digital world, and further empower their retail capacity. Redefining the conventional way of managing tasks and sales, the innovative platform aims to strengthen local community stores and power digital transformations with end-to-end technology that enhances and streamlines all business processes, enabling them to compete with dark stores and delivery players. Dukkantek is the technology partner for all local community stores in the region. For more information please visit https://www.dukkantek.com Contact Details Dukkantek Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.dukkantek.com/

August 19, 2022 07:00 AM Eastern Daylight Time

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Fullintel Appoints Angela Dwyer as Head of Insights

Fullintel, LLC

Fullintel, a leading media monitoring and media intelligence service, is proud to announce it has appointed Angela Dwyer, a leader in the global PR measurement industry, as its new Head of Insights. A former senior vice-president at NYC-based PR agency Lippe Taylor and senior project manager at PRIME Research (now Cision), Angela has spent years developing and implementing advanced media metrics – such as the Hypatia Gravity Score – to help improve the effectiveness of PR campaigns and media outreach. She’s also actively involved in the Institute for Public Relations (IPR) and International Public Relations Research Conference (IPRRC). Building on Fullintel’s Award-Winning Media Measurement Foundation “Fullintel has mastered a cost-effective, human-curated media monitoring approach,” explains Dwyer, “along with a great analysis foundation in terms of Fullintel’s Media Impact Score and PredictiveAI™ crisis module. I want to continue adding to that by customizing the approach for each client based on a range of factors, such as drivers of recall, predictors of how someone might think about your brand, or even different audience drivers depending on the client’s goal.” Angela’s addition builds on Fullintel’s growing momentum in the PR measurement industry, culminating in the company winning Gold, Silver, and Bronze awards at the 2021 AMEC Awards for media measurement. “Angela is one of the most talented senior members of the global measurement community, period. We’re extremely proud to have her join our team,” said Fullintel President Andrew Koeck. “We look forward to providing our clients across healthcare, tourism, retail, aviation, and other industries with even more impactful and actionable insights, based on our ever-evolving measurement program and new products such as PredictiveAI.” Improving Measurement Standards For Communicators Angela is a regular on several industry committees and boards, including the International Public Relations Measurement Commission. She’s also set to join other media measurement experts in hosting the Institute of Public Relations (IPR) Master Class, a strategic playbook for communicators featuring eight live and interactive sessions from Sept. 19, 2022 to April 18, 2023. About Fullintel: Fullintel combines best-in-class technology with expert content curation to deliver the most relevant, cost optimized media monitoring, daily news briefs, and media analysis possible. Our analysts curate print, online, social media, broadcast, and influencer opinions in real time compiled by technology, supplemented and verified by humans. Where technology alone fails, your dedicated analyst has you covered. Fullintel has offices in Cambridge, Mass., Ottawa, Ont. and Nagercoil, India. Contact Details Fullintel Samuel Chen +1 339-970-8005 schen@fullintel.com Company Website https://fullintel.com/

August 17, 2022 10:20 AM Eastern Daylight Time

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DonorsTrust Givers Recommended $126 Million in First Seven Months of 2022

Donors Trust

The DonorsTrust community of givers during the first seven months of 2022 recommended more than $126 million to nearly 2,000 unique nationwide charities, defying historical rates of inflation and ongoing market volatility. While this 11% increase in YTD charitable dollars is significant, the total number of grant requests is up a whopping 49% compared to the same time period last year, suggesting the DonorsTrust client community is spreading more dollars among more institutions. As DonorsTrust President and CEO Lawson Bader says, “The sheer volume of grant requests so far from our community of givers is a reflection of the historic number of new accounts opened with DonorsTrust during 2021 and 2022. “What’s more, the pace at which our donors are meeting charitable needs is evidence of an engaged, serious community of givers that understands nonprofits need more financial assistance to make ends meet during these turbulent economic times.” Grant-making accelerates year-over-year despite market pressures In 2021, DonorsTrust paid out nearly $190 million to charities nationwide and—if giving continues to keep pace with the first half of 2022—it will end the year easily exceeding last year’s record-breaking total. DonorsTrust givers are stepping up to meet needs even though the S&P 500 has declined 20% YTD, the index’s worst six months in more than 50 years, according to CNBC. Other major stock indexes like the Dow and the Nasdaq were down 15% and 30%, respectively, in the first half of 2022. Donor-advised funds, also known as charitable-giving accounts, offer some shelter from the turbulent markets, however, as the charitable tool enables givers to claim an immediate tax deduction for each irrevocable donation made to their donor-advised fund, also known as a charitable-giving account. Donors respond to war in Ukraine, policy challenges at home During the first half of 2022—in partnership with the Atlas Network, a global network of think tanks that work to secure economic and personal freedom for all individuals—DonorsTrust’s donors responded to the Ukrainian crisis by raising more than $2.5 million and counting for life-saving supplies. DonorsTrust Vice President Peter Lipsett earlier this year interviewed Dr. Tom Palmer, executive vice president for international programs at Atlas Network, about the relief missions Palmer personally conducted, delivering supplies from a Polish base and coordinating travel for those fleeing Ukraine. “[Ukrainians] are committed, not merely to repelling [Russian] aggression, but to doing it because they want a free society. They want to live with freedom of speech and free markets and the ability to live your own life as you want and not as someone commands you to live,” says Palmer. In addition to funding relief efforts in Ukraine, clients’ giving in the first seven months of the year focused heavily on grant-making to policy organizations that preserve and protect civil liberties. More than $85 million in the first seven months of 2022 went to policy-focused charities, including State Policy Network, the Foundation for Government Accountability and the Constitutional Defense Fund. ### About DonorsTrust DonorsTrust is a mission-focused donor-advised-fund provider that primarily serves conservative and libertarian givers. Established in 1999 as a 501(c)(3) public charity, DonorsTrust is a community of donors devoted to creating a better future for all. DonorsTrust supports charities it believes protect constitutional liberties and strengthens civil society through private institutions and initiatives. Since its inception, DonorsTrust has granted nearly $2 billion to more than 4,000 charities in the arts and sciences, education, public policy, religion, and social services. Contact Details Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.donorstrust.org/

August 15, 2022 02:30 PM Eastern Daylight Time

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New Velocity Global Report Guides Businesses on How to Meet Evolving Talent Demands

Velocity Global

Velocity Global, the leading provider of global talent solutions, today released a roadmap for businesses titled “ The Future of Work: What Talent Wants.” The research-based guide, led by veteran talent leader Kokoro Robinson and his team, highlights the ever-changing global workforce and what it takes to effectively retain talent despite seismic shifts. According to The U.S. Bureau of Labor Statistics, 4.5 million workers quit their jobs in March 2022 — a record-setting number suggesting that traditional ways of working are no longer viable. The impact of the Great Resignation is also felt globally, with record numbers of resignations in countries around the world. Velocity Global continues to work with employers to address the changing needs of employees that underlie these trends and to attract the world’s top talent. The report details how a distributed workforce is a practical solution to help companies meet talent expectations and address the three benefits most sought-after by employees: flexibility, remote work, and a better life-work balance. A geographically distributed workforce fosters productivity, stability, and the opportunity to hire top talent remotely. In a recent Velocity Global report that surveyed 1,000 tech leaders across the U.S. and U.K., 40% of employers reported being able to hire top talent by implementing a distributed workforce and 54% of employers reported a boost in productivity as a result. “Talent has always been seeking ways to take control over their professional and personal lives,” said Kokoro Robinson, vice president of talent acquisition. “The pandemic may have precipitated the speed at which this transformation occurred, but it was only a matter of time. Expectations have changed, and people long for the integration of happiness into their careers. If companies are going to compete in this new talent marketplace, they need to successfully adapt to these changes to achieve long-term prosperity.” “The Future of Work: What Talent Wants” brings exclusive insight backed by research, client intelligence, and tried-and-true best practices to help employers find and retain talent. As resignation rates remain high, companies can become top-tier destinations for talent by providing them with once-in-a-lifetime employment experiences that fit into their personal lives. Velocity Global can help companies seize this unique moment to bring the world’s best talent to their teams. To receive a free copy of the guide, click here. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. With talent solutions in more than 185 countries and all 50 United States, the platform combines global Employer of Record and Contractor Management to onboard, manage, and pay talent worldwide. Thousands of brands rely on Velocity Global to build distributed teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Janessa Rivera +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

August 15, 2022 07:00 AM Mountain Daylight Time

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Have We Seen The Beginning Of The End Of Data Privacy In The European Union?

Benzinga

With the goal of protecting the European Union (EU) from child pornographers and other unsavory and illegal activity, the Digital Services Act, a regulatory act aimed at making the internet a safer place, is on its way to cracking down on Big Tech. Big Tech Could Be Facing Big Fines If Companies Don’t Comply Beginning in 2024, the new EU law will fine companies like Alphabet Inc. ’s (NASDAQ: GOOGL) Google, Meta Platform Inc. ’s (NASDAQ: META), Facebook and WhatsApp, Twitter Inc. (NYSE: TWTR) and Apple Inc. (NASDAQ: AAPL) up to 6% of their global revenue if they are caught violating the strict new rules. Companies like Meta could be looking at fines as high as $7 billion if it decides to ignore the new rules. Companies with repeat violations could eventually be banned from doing business in the EU. The law is a means of cracking down on advertising aimed at children as well as ads that target private information such as religion, gender and political opinions. The rules also give EU governmental entities the right to take down what they deem as illegal content, including any viewed as promoting terrorism, child sex abuse, hate speech or commercial scams. Additionally, online retailers such as Amazon.com Inc. (NASDAQ: AMZN) must adhere to the law by implementing similar protections for what governments view as suspect products, such as counterfeit items or unsafe children’s toys. The EU laws follow the U.S. Justice Department and Federal Trade Commission's move to file antitrust actions against Google and Facebook. In a statement released by Google, the company says, “As the (EU) law is finalized and implemented, the details will matter. We look forward to working with policymakers to get the remaining technical details right to ensure the law works for everyone.” Swiss - Hosted Privacy Company Rolls Out EU Regulation-Immune Chat Tool Alain Ghiai, CEO at Swiss-hosted privacy and cybersecurity company Sekur Private Data Ltd. (OTCQX: SWISF), is among those skeptical of the new laws on Big Tech's effect and intent. He sees the law as a government data grab. “This is not unlike China, where everything you do and post online is public property of the EU government, which will be scanning everything. When people use free (chat) applications like WhatsApp, Gmail and Signal and others, they basically force those providers to give them that information,” he said. “The question is whether what they’re doing is pure intent, or is there something else behind it? A lot of people think the new EU regulations are a new way to exercise full control over people’s privacy, and they’re very angry about it.” Taking advantage of the concern with EU government entities snooping on chat and email, Ghiai has been making the media rounds discussing his company’s newest encrypted feature on SekurMessenger, "Chat-by-Invite". The chat tool is Sekur ’s latest instant-messaging tool, letting Sekur users invite non-Sekur users by sending a SMS notification invite, and is now available in 25 countries, covering a population of 1.18 billion people, including SMS invite notifications coverage in the U.S., Canada, Switzerland, Australia, New Zealand, Singapore and most of Latin America and Europe. It says it gives subscribers complete privacy to chat with non-Sekur users, without the non-Sekur users having to register to, or download, Sekur. Chat-by-Invite reports that it protects Sekur subscribers’ instant messages which, when sent to a recipient, open into a private, secure platform hosted in Switzerland, through its proprietary HeliX connection. The chat is essentially occurring on Swiss servers owned and controlled by Sekur. Sekur says that once the instant messaging is completed, the messages disappear and hackers will be unaware of the conversation because of Sekur’s highly private and secure encrypted military technology, which is operating behind it. Though the country pays annual fees to do business with the EU, Switzerland is still independent of the union and is believed to have some of the best and strictest data privacy laws in the world. “Thank God, we’re in Switzerland, and we don’t have such a law (like the EU),” Ghiai said. “It’s not just that the government can go in and read your stuff. The danger is what happens when they get hacked?” With Sekur, there is no direct messaging on open-source platforms, making them invulnerable to cybersecurity breaches. The company reports it has developed or is rolling out products including SekurMail, SekurMessenger, SekurVPN, SekurVoice and SekurPro video conferencing, among others. The SekurMessenger with Chat-by-Invite app is now available on any web browsers, on iOS and Android. For more information on Sekur Private Data, go to https://sekurprivatedata.com. For more information on Sekur solutions, go to https://www.sekur.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 11, 2022 09:55 AM Eastern Daylight Time

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This E-Commerce-Focused Holding Company Reports Taking Advantage Of E-Commerce Growth In The Philippines

Society Pass Incorporated

E-commerce dates to 1948 during the Berlin Blockade crisis when people ordered goods via telex. The debut of the World Wide Web in 1991 and the development of a web browser in 1993 shifted e-commerce from telex to the internet. The global increase in smartphones and the accessibility of fast internet connectivity over the years has significantly accelerated the growth of the industry, as more people can purchase goods via mobile devices such as tablets and even wearables. China, home of Alibaba Group Holding Ltd. (NYSE: BABA) and the U.S., where Amazon.com Inc. (NASDAQ: AMZN) and eBay Inc. (NASDAQ: EBAY) reside, have been the top countries where e-commerce has grown at a healthy rate. But things might be changing. Southeast Asia is expected to experience the largest worldwide growth in e-commerce with an increase of 20.6% in 2022, according to Insider Intelligence. Only four countries, including the Philippines, will surpass the combined growth rate of Southeast Asia. E-Commerce In The ICT Hub Of Asia The Philippines — dubbed the information and communications technology (ICT) hub of Asia — ranks first in 2022 e-commerce sales, surpassing the U.S. by 10%. E-commerce in the Philippines has grown from $6.78 billion in 2017 to nearly $21 billion in 2022, with expectations of reaching $32.7 billion in 2025. Consumer preference for shopping online and the increasing internet penetration are behind the growth in e-commerce sales in the Philippines, where people spend an average of 10 hours per day online. The government also has taken various initiatives to bolster the sector. The Philippine E-commerce Roadmap 2022 was launched in January 2021 to encourage the use of e-commerce by small and medium enterprises (SMEs) and increase online shopping confidence. "Rising consumer preference for online shopping, the increasing number of online merchants, proliferation of alternative payment solutions and government support will support e-commerce sales in the Philippines. The market is forecasted to grow at a compound annual growth rate of 17% over the next five years," Global Data Banking and Payments Senior Analyst Shivani Gupta said. The Fastest Growing E-Commerce Model? In addition to buying and selling goods on leading platforms such as Lazada and Sea Ltd. ’s (NYSE: SE) Shopee Philippines, Filipinos shop on social media platforms. The social commerce market is expected to reach nearly $682 million this year thanks to the growing number of people flocking to social media platforms to buy products. Companies like Belo Medical Group and Shopee Philippines are using social media platforms such as TikTok to increase sales. Penetrating The E-Commerce Market In The Philippines Society Pass Inc. (NASDAQ: SOPA) says it is on track to infiltrate the fastest-growing e-commerce market in Southeast Asia through acquisitions. Established in 2018, Society Pass (SoPa) has quickly scaled up its operations in Southeast Asia and South Asia through its e-commerce platforms and acquisitions. The company has acquired a number of companies, including the restaurant delivery app Mangan.ph, Gorilla Networks, a next-generation Web3 mobile virtual network operator, and #HOTTAB Biz, a business management platform. The acquisition of online grocery shopping and delivery platform Pushkart.ph is expected to increase SoPa’s revenue by 891% over last year. Pushkart boasts having more than 125,000 users and 20,000 mobile app downloads. Pushkart is looking to expand its presence beyond metro Manila. The company recently announced plans to expand in cities across the Cavite and Pampanga provinces, which have a population of over 6 million people. Pushkart President and CEO Michael Lim said this is the beginning of the company’s goal to expand to other parts of the country and across Southeast Asia. Sopa recently acquired Mangan.ph (“Mangan”), the leading local restaurant delivery service in the Philippines. Founded in 2017, Mangan delivers restaurant food from over 1,200 partner restaurants through its over 200 rider network to its over 500,000 registered users. Thus far, Mangan has generated more than 100,000 mobile app downloads and accumulated over 80,000 social media followers. Operating in Pampanga, the culinary capital of the Philippines, Mangan’s geographic reach extends to 16 other cities including Angeles City, San Fernando, Clark, Dau, Mabalacat, Guagua, Lubao, Tarlac, Bataan, Magalang, Pasig, Cabanatuan, Baguio, Lipa Batangas, Antipolo City, Dagupan City. The newly acquired business will be integrated into SoPa’s F&B vertical, Push Delivery Pte Ltd, along with Pushkart and #HOTTAB. ​​ As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms across its key markets in SEA. Its business model focuses on analysing user data through the expected launch of its Society Pass loyalty platform and circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam, and Gorilla Networks, a Singapore-based, blockchain/web3-enabled mobile virtual network operator.For more information, please check out: http://thesocietypass.com/. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Dennis Nguyen: Founder, Chairman & CEO +1 877-440-9464 dennis@thesocietypass.com Company Website https://thesocietypass.com

August 10, 2022 03:05 PM Eastern Daylight Time

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