OTTAWA, March 13, 2014 - Validian Corp. (OTCQB: VLDI), first-to-market with next generation cyber security technology that provides secure access of critical applications and secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet, announced today that it has launched its next generation Intrusion Prevention System, which is the first technology in the market to actually prevent cyber attacks that result from breaching critical applications, and the improper access and theft of valuable digital information.
Bruce Benn, Chief Executive Officer of Validian, commented, “Currently more than 90% of all successful cyber attacks today occur by a hacker gaining improper access to an application. This is the initial part of a cyber attack after which the hacker then steals valuable digital information. In the case of the cyber attacks against Target, reports state that the hackers gained access to a distributed application used by a company to monitor services it provided to Target. Hackers then used this access to penetrate Target as they have done to countless other corporations."
U.S. government findings and reports have concluded that they are not aware of any current technology, including Intrusion Detection Systems, that could stop these types of cyber attacks, and that intrusion prevention not only intrusion detection is needed to prevent them moving forward. Intrusion Detection Systems, including those marketed as intrusion prevention systems, detect malicious cyber attacks once they occur and then take steps to stop the cyber attack and mitigate the damage.
Mr. Benn continued, “Validian's next generation Intrusion Prevention System is specifically designed to prevent a hacker from gaining access to applications in the first place, which is a pre-condition for the hacker to launch the rest of its cyber attack. We are pleased to be the first-to-market with a technology that has the potential to save corporations billions by preventing cyber attacks at the source.”
The intrusion prevention systems (IPS) market totaled nearly $1.9 billion in 2012, according to market research firm IDC. That is nearly 10 times the size of the market for specialized threat analysis and protection technology. Cisco Systems Inc., Palo Alto Networks Inc., FireEye Inc., Intel Corp and Trend Micro Inc. are some of the larger companies that sell intrusion detection systems and threat prevention systems, which help companies detect cyber threats that breach their firewalls.
About Validian Corporation
Validian Corporation (OTCQB VLDI) is first-to-market with next generation cyber security technology that provides secure access of critical applications and secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet. Validian technology enables the next generation of secure Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada. Visit www.Validian.com and in particular "About" Validian for more information on its digital asset solutions.
Safe Harbor Statement
Investors should carefully consider the preceding information as well as information conained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statement", which can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters contitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
Bruce Benn, CEO and President
bbenn (at) validian (dot) com
Investor Relations Contact:
info (at) amcapventures (dot) com