MagTek, the world’s leading supplier of secure payment technology, launches Qwantum Private Messaging, the industry’s first Privacy as a Service platform delivering hardened encryption of digital assets linked to physical authentication of a counterfeit-resistant token, the Qwantum Card.
In today’s digital world, big tech firms can watch, analyze, and store electronic communications, emails, texts, and more. Bad-actors intent on stealing data are a constant and growing threat, causing experts to refer to digital privacy as a modern-day crisis. MagTek built the Qwantum Private Messaging service to enable its members to protect sensitive information and store or exchange the protected information with authorized parties.
“MagTek is seizing the opportunity to integrate our security technologies beyond payment transactions,” says Roger Applewhite, MagTek’s President and CEO. “As pioneering innovators in authentication and data protection, we have taken steps to enable safer forms of on-line and off-line data protection for anyone wanting better data privacy.”
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Example use cases of protecting data include:
- Cloud Storage of Documents and Files
- Human Resources and HIPPA Data
- Legal Documents
- Medical Information
- Financial and Banking Information
- Cryptocurrency Wallet Password Protection
- Secure Distribution of Subscription-based e-Newsletters and Periodicals
- Private Chat, Social Media Invitations, Communications, Passwords, and other Sensitive Data
- Secure Communications with Family and Friends
“Qwantum Private Messages are digital files that are one of a kind and protected using AES 256 encryption, the strongest commercially available encryption,” says Andy Deignan, MagTek’s VP Global Marketing and Strategy. “They are constructed like individual hardened bank vaults that contain highly secretive information.
The maker of the message places sensitive information inside the vault. With the glide of a Qwantum Card, the vault door is locked using a key combination generated by means of Qwantum Authentication. Once locked inside, the sensitive data becomes private and unchangeable.”
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