CycurID & OMNIA Bring Online Privacy & Security to the Web3 World
VANCOUVER, BC, Jan. 19, 2023 /CNW/ - CycurID Technologies Ltd., ("CycurID" or the "Company"), is pleased to announce their working partnership with OMNIA.
CycurID (pronounced "Secure ID") Technologies Ltd. is a Canadian-based digital identity management and cybersecurity firm that has developed a reusable digital identity app, imme™ (pronounced "I'm me"), that uses adaptive Artificial Intelligence, Biometric Authorization and Zero-Knowledge Protocols to provide full privacy of users' data with no individuals credentials or any data being stored or kept by CycurID or their partners.
Gord Jessop, CycurID's COO/Co-Founder, said, "We firmly believe that privacy, security, and authentication are the keystones to everything in the digital economy. As a company, we want to lead the market in the implementation of security and privacy best practices for all online transactions. It was that thought process that led us to partner up and work with OMNIA."
CycurID approached OMNIA to provide additional privacy to a user's transactions on the blockchain. OMNIA adds an extra layer to CycurID's KYC and AML processes by expanding their risk controls with real-time prevention tools.
DeFi transactions can be tracked even before they get mined, compromising a user's privacy. OMNIA prevents this by obfuscating users' off-chain data, thus safeguarding it against front-running attacks. OMNIA is the first blockchain infrastructure provider to protect systems in real time from illicit activities and enables CycurID to embed a permanent privacy protection protocol into their imme™ wallet for DeFi swaps. In addition to the privacy layer, OMNIA provides imme™ users with a redundant node infrastructure for crypto transactions so they never miss a transaction.
Cristian Lupascu, OMNIA's CEO and Co-Founder stated, "Back in 2021, OMNIA were the only pioneers who were advocating for the adoption of off-chain privacy in the Web3 space. A true private and secure channel is only achieved if it has an end-to-end approach. OMNIA's mission is to improve the security and privacy for all persons in the entire Web3 space and we are excited to be working with the CycurID team who share our belief in an individual's right to privacy and digital security in the online world."
For more information about CycurID's complete suite of cost-effective identity solutions, visit the corporate website https://cycurid.com or contact CycurID here. Learn more about imme™ at imme.io or contact the imme™ team here.
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any provinces, states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
CycurID Technologies Ltd. - CycurID is a privately held personal identity management and security software developer based in Vancouver, British Columbia. CycurID™ has developed proprietary patent pending identity management and privacy software which is available via its consumer app imme™ (I'm me). CycurID is registered with the Better Business Bureau, WorkSafe BC and with FINTRAC as Money Service Business (MSB). CycurID™ and imme™ are Registered Trademarks of CycurID Technologies Ltd. CycurID is also incorporated in the United States as CycurID Technologies USA Ltd.
Unless explicitly stated, the Company does not purport to retain title or interests to any imagery. All imagery has been used under license by the Company which allows the Company to use, reproduce, archive, modify, and display the Work, in all media, for (1) advertising, marketing, promotional and decoration purposes; and (2) personal and non-commercial uses.
OMNIA - Founded in 2021, OMNIA is a pioneer in off-chain privacy in the Web3 space. OMINA brings enhanced privacy and security to Web3 by obfuscating users' off-chain data, safeguarding users against scams, hacks, and front-running attacks. OMNIA's availability is guaranteed by thousands of nodes distributed worldwide, providing a true decentralized infrastructure so that no single point of failure will ever disrupt blockchain applications or wallets integrating with it.
OMNIA is the first blockchain infrastructure provider to protect your systems in real time from illicit activities. With global regulations regarding blockchain transactions becoming more stringent, OMNIA continues to be a leader in this space.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements including without limitation, expected growth and success of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.
SOURCE CycurID Technologies Ltd.
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