Former Director of U.S. National Economic Council Joins Hoyos Board

Biometrics News - Gary Cohn, Former Director of the U.S. National Economic Council, Joins Hoyos

Hoyos Integrity Corporation (Hoyos) has announced Gary Cohn, the former Director of the U.S. National Economic Council and Chief Operating Officer of Goldman Sachs, as an investor and member of its Board of Advisors.

Hoyos provides secure patent-protected mobile communications technologies to both the private and public sectors, and has its’ own FCC license to operate as a Mobile Virtual Network Operator (MVNO). Its status as an MVNO allows it to resell access to the voice and data telecommunications infrastructures of main operators in the U.S.

“Hoyos is a unique company in the world of secure voice and data communications and the use of biometrics,” Cohn said. “Their ability to substantially modernize the payment system with FIPS and to create secure mobile communications puts them in a singular position. The United States and other highly regulated markets have lagged in the digital payment space. FIPS, while upholding the legal and regulatory safeguards on which our financial system runs, could help the U.S. and other regulated markets catch up. I am excited to work with the Hoyos team to help build a device for highly secure communications and an impenetrable, insured and efficient payment network.”

Hoyos’ biometrically secured digital wallet, one of their key services, is a product of military-grade digital secure vault technologies, and will soon boast the “Hoyos Promise of Security”. Supported by Hoyos’ Contractual Liability Insurance, it will offer protection from cyber-theft or hacking in the form of covered wallet losses in the event of a breach.

The Hoyos digital wallet was the subject of a U.S. government security contractors hackathon and came out unscathed with no successful breaches of its security.

In addition to the digital wallet technology Hoyos offers, the company says it is developing its own secure smartphone that will run on the same operating system that secures the U.S. nuclear arsenal.