Category: High Tech
- Published: 01 November 2017
- Written by Editor
Identillect Announces Implementation and Development of Blockchain Supported Security Technology For Its Industry Leading Delivery Trust™ Email Security Platform
IRVINE, Calif., Nov. 01, 2017 -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a leading provider of email security today announced the integration and development of a new security offering utilizing blockchain technology to maximize the audit log integrity of emails and address Man-in-the-Middle (MitM) attacks. Blockchain, the underlying technology behind bitcoin, is a digital tool for doing a variety of functions such as recording and verifying transactions. These functions have much needed utilization for security advances in the financial services, healthcare, banking, manufacturing, and retail industries.
Identillect maintains the most aggressive approach when it comes to security technology. As cyber criminals’ methods progress, Identillect proactively evolves to meet these changing threats. As part of a series of strategic developments taken by the Company, Identillect is seeking to continue its position as a digital security innovator with the integration of blockchain technology into its leading email security platform, Delivery Trust™. The Company aims to leverage this new security technology to enhance its product offering in the future.
The basis for integrated blockchain technology is to deal directly with MitM attacks and mobile device tampering. Mobile device tampering has become an increasingly more significant component to an organization’s security. With most organizations moving to a “Bring Your Own Device” (BYOD) strategy, the security requirements around mobile communication have shifted. An April 2017 survey determined companies are seeing 20% of all security breaches occurring from employee mobile device communications. Additionally, Man-in-the-Middle attacks are one of the most popular and simplest forms of malware accounting for 51% of data breaches analyzed involving malware.
Blockchain’s decentralized ledger and solid security offers an exciting opportunity for persisting the audit log entries of a Delivery Trust™ email. Using the distributed ledger of a blockchain, the audit log entries will be stored in a permanent and verifiable way, which eliminates the possibility of data tampering and MitM attacks.
Todd Sexton, Identillect CEO states, “Identillect is proud to be on the cutting edge of security technology advancement. Beginning the integration of blockchain technology continually ensures the secure methodology of information and keeping our commitment to stay current.”
Identillect Technologies is the leading provider of email encryption service Delivery Trust™, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks.
Delivery Trust™ is an award-winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind.
For more information, or your free trial, please visit www.identillect.com
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
Chief Executive Officer
Tel: (949) 468-7878
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This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.