MGT Capital Investment which John McAfee heads as the CEO has signed a non-binding letter of intent with Nordic IT Sourcing Association to develop a truly secure mobile phone. The letter of intent is expected to lead to a definitive contract whereby MGT would be responsible for designing, testing and assembling a state of the art cell phone with privacy features that stay one step ahead of hackers and eavesdroppers. The base phone will be procured as an OEM model using the Android operating system, and then modified using the skills of MGT's cybersecurity team. The definitive agreement will be predicated on minimum initial and recurring quantities, currently anticipated at 160,000 units to begin, and 50,000 units monthly thereafter. Subject to final specifications, revenues to MGT are contemplated at $350 USD per unit.
John McAfee, Executive Chairman and CEO of MGT observed, "Smartphones have become the Achilles heel of cybersecurity. No matter how secure our applications become, they must still execute in an environment designed from ground up to be a spy device. It is like building a race car and having it powered by a rubber band."
The John McAfee Privacy Phone, by MGT - first prototype. World's first truly private smartphone. You gonna love it. pic.twitter.com/n06CuO3Jay— John McAfee (@officialmcafee) April 25, 2017
A few days ago, McAfee himself shared an image where he showed what looks like a prototype of his secure smartphone and in the photo, his name is visible on the top edge, it has been confirmed that the name that could get to be the one of Privacy Phone.
He said that "It is version one. It is not hack proof. But it does give the user enormous power over his or her privacy and it is light years ahead of the Blackphone or any other phone claiming to be secure. Version two will be available in early 2018.It will as hack proof as humanly possible.
The smartphone will be Android version but will features several layers of security developed specifically for this mobile.As for the specifications it is still unknown as to what it will be but Jonh McAfee added"The [smartphone has] switches on the back cover that allow the user to physically disconnect the battery, the antennas for Wi-Fi, Bluetooth and geolocation, the camera and microphone, etc. It also will not allow the phone to connect to a Stingray or any other IMSI catcher."
"I did what I always do, I designed the best product in the world, I gave it to the best hackers in the world and unfortunately they beat me," he said. "It was pretty darn good but that's not good enough for me," he added.
Eventually, every hackable function of smartphones was controlled by software switches, giving full access to hackers to control the Wi-Fi, Bluetooth, geolocation, camera, microphone, the factory reset function, automatic system updates, etc. We have given the keys to the kingdom, blindly and willingly, to the world's hackers.He wrote in his blog.
"Pleas from the cybersecurity community to smartphone manufacturers to fix this this horrific problem by returning to the less 'cool' air gapped physical switches have fallen on deaf ears."In desperation, I decided to do it myself. He wrote in his Blog.
To learn more about the Privacy Phone and secure a voucher to be first in line to receive one, visit mgtci.com before they're all gone.It is around $199 for the Version 1.
Version 1 of the Privacy Phone gives users enormous power over his or her privacy.
- Bank of switches allowing physical disconnection the battery, WiFi, Bluetooth and geolocation, the camera and the microphone, and more
- Resistant to Stingray or any other IMSI catcher device
- Web search anonymizer to prevent searches from triggering an avalanche of ads
- Developed in the United States, designed in Denmark, and assembled in Europe
- Version 2 by early 2018
Source: MGT Capital |Twitter|Loggiaonfire
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