Cyberloq Technologies Inc. (CLOQ)

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$CLOQ Emerging Opportunities in the Cybersecurity Space (FEYE, ZS, CLOQ, CRWD)

Cyberloq Technologies Inc. (OTCMKTS:CLOQ) is a development-stage technology company that focuses on fraud prevention and credit management primarily through an innovative authentication framework. And it is starting to see traction with new clients and partners, suggesting its robust 450% y/y top line growth may even show acceleration in the months ahead.

To wit: The company just announced a new collaboration with Transact Payments Malta Ltd., a division of Transact Payments Ltd. located in Europe. According to the release, E-commerce merchants are expected to lose $25 billion to online payment fraud by 2024, according to Juniper Research. The COVID-19 global pandemic continues to fuel the popularity of e-commerce, in turn driving heightened demand for technologies to eliminate fraud and enable secure transactions. For consumers and merchants, secure online payments are vital for the success of e-commerce.

CLOQ offers precisely such a solution. In fact, because it adds another layer to the equation – “geofencing” – the company’s solution may be more effective than most more established authentication systems, paving the way for a potential jump in market share as it gains further traction.

CyberloQ, a banking fraud prevention technology, enables institutional clients to combat fraudulent transactions and unauthorized access to customer accounts; and Turnscor, a Web-based proprietary software platform, which allows its customers to monitor and manage their credit from the privacy of their own homes.

CyberloQ keeps user’s sensitive Personal Identifiable Information (PII) in “non-active” status, only accessible through a secure authentication process. Utilizing elements of a user’s PIN – in combination with the unique MEID or UDID of the mobile device – CyberloQ creates a robust perimeter that prevents would-be hackers from activating user’s accounts. Leveraging Google’s geolocation service, CyberloQ creates a virtual boundary – otherwise known as a Geofence – around each user and their confidential information.

Its Geofencing functionality is compatible with the latest wireless technology, including cellular networks, Bluetooth, and WiFi. Whether it’s a designated perimeter over a city, building, if a user’s designated Geofenced cyber perimeter is breached, the account is immediately disabled.

Cyberloq Technologies Inc. (OTCMKTS:CLOQ) shares have been moving higher over the past week overall, pushing about 25% to the upside on above average trading volume. Shares of the stock have powered higher over the past month, rallying roughly 58% in that time on strong overall action.

Crowdstrike Holdings Inc (NASDAQ:CRWD) generated sales of $152.1M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 21.6% on the top line. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($912.1M against $493.1M).

The company is a cloud-delivered solution pathway for next-generation endpoint protection, with distribution globally, including in the United States, Australia, Germany, India, Romania, and the United Kingdom.

It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today’s most sophisticated attacks.

The company primarily sells its platform and cloud modules through its direct sales team. CrowdStrike Holdings, Inc. was founded in 2011 and is headquartered in Sunnyvale, California.

https://www.journaltranscript.com/2020/05/emerging-opportunities-in-the-cybersecurity-space-feye-zs-cloq-crwd/