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Reklaim (TSXV:MYID) launches SaaS-based privacy subscription service

Technology
TSXV:MYID
18 March 2022 11:15 (EDT)

Source: Reklaim

Reklaim (MYID) has introduced Reklaim Privacy, a SaaS-based subscription service.

Reklaim Privacy has been developed for consumers who want to protect, rather than sell their data.

Reklaim Privacy can be purchased monthly or annually and alerts consumers automatically when their data has been exposed in a data breach and when their passwords have been compromised. In addition to data and password breach detection, Reklaim Privacy users can access a Reklaim Virtual Privacy Network (VPN) that masks the location and IP data coming from their mobile handset to limit tracking from advertising companies.

Neil Sweeney, CEO and Founder of Reklaim commented on the launch.

“Reklaim’s mission is to provide every consumer on the planet with access to their data so they can decide what they would like to do with this data. Reklaim Privacy introduces options for consumers who would rather protect their data than sell it. By providing an ecosystem that allows first and foremost access, followed by the options of compensation, data privacy, or a bit of both, we believe Reklaim now has a product suite that can service all consumers in all markets.”

Offering compliant, first-party data to Fortune 500 brands, platforms, and data companies, Reklaim allows consumers to visit the platform, confirm their identity, and unveil data that has been collected and sold without the consumer’s explicit consent. Reklaim enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, they can be compensated for their data.

Reklaim Ltd. (MYID) opened trading at C$0.205 per share.

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