Validian Protects Against Latest Ransomware & Zero Day Vulnerability Attacks
OTTAWA, May 24, 2017 - Validian Corporation (OTCQB: VLDI; “Validian” or the “Company”), a leading innovator in cybersecurity technology, is pleased to announce that we have received a number of inquiries from our Channel Partners, customers and prospects as to whether our state-of-the-art cybersecurity solution, ValidianProtect, would have been able to protect against the recent global ransomware cyberattacks.
The attacks were comprised of two parts; the first being a successful exploitation of a zero-day vulnerability inherent in certain Microsoft operating systems, which then facilitated the second part of the attack that allowed the hackers to implement ransomware that prevents access to critical data and operations.
Validian anticipated many years ago that cyberattacks would eventually evolve to this level of sophistication and correctly concluded that any combination of traditional Point Solution cybersecurity methods would fail against unknown cyberattacks, attacks designed to exploit zero-day vulnerabilities or attacks when the host device or network has already been infected with malware or otherwise been compromised.
That is why Validian made the decision to take a radically different approach to cybersecurity, which has now positioned Validian to be able to offer the world the only cybersecurity solution that can successfully protect customers' applications and valuable data from these cyberattacks.
Validian has spent the past two years extending its core technology, ValidianProtect, so that its radically innovative, virtual closed systems now encompass and seamlessly protect applications and the complete life cycle of data by adding protection for all forms of usage of data and prevent misuse of data, in addition to the encrypted transfer and encrypted storage of data that it already protected.
ValidianProtect now protects applications and data within these virtual closed systems on all devices, operating systems and technology platforms so that the application and the data cannot be improperly accessed, copied or stolen during transfer, storage and usage regardless of any type of cyberattack or vulnerability even if the host device or network has already been hacked or improperly accessed, infected with viruses or malware, or otherwise compromised.
Validian's technology makes any and all Validian-enabled applications and the data within those Validian-enabled environments immune to such attacks, including attacks via a zero-day vulnerability through any operating system or other means, immune to the ransomware attack itself and immune to any and all known and unknown forms of cyberattacks.
Validian has spent Q4 2016 and Q1 2017 completing migration: to the Azure Cloud platform now on a fully automated basis so that it supports applications on any Cloud platform and can handle both integration, scaling and operations of thousands of applications at the same time; to Apple O/S and iOS; and to Linux.
In addition, using the banking architecture that was provided from the customer it licensed in December 2016, Validian also pre-built the "back-end" for ValidianProtect that will make it easier for banks and other large enterprises to integrate ValidanProtect with their servers, data bases and underlying core systems. Validian has made a number of installations of its core technology during Q1 2017 that have been tested and evaluated successfully and the Company is now in the next round of discussions with large qualified prospects who needed these back-end systems built to ensure that ValidianProtect could be successfully migrated to them. Validian is now positioned so that any further extensions of Validian's technology will be paid for by the customers as part of any license agreements.
"We are very pleased to have completed migration successfully to Apple O/S and iOS as well as to Linux and to have completed the building of the back-end portion for banks and large enterprises, a number of whom comprise our qualified prospects," commented Bruce Benn, CEO of Validian. "We are now positioned to enter into negotiations for licenses with banks and large enterprises. We are also pleased to announce that the latest version of the Validian-enabled Ganthet Mobile Messaging App is now in trial release which means we are now able to use it for prospects to review and test Validian's technology and differentiating features."
Any interested companies concerned about or struggling with the recent Ransomware attacks or other cyberattacks are invited to contact Validian at email@example.com and to visit its website at www.validian.com where they can review the updated Data Sheets.
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cybersecurity technology that
encompasses and seamlessly protects applications and the complete life cycle of data within its virtual closed systems, providing secure access, retrieval, transfer, receipt, storage and usage of digital information on all devices, operating systems and technology platforms regardless of any type of known or unknown cyberattack or vulnerability or if the host device or network has been hacked or improperly accessed, infected with viruses or malware, or otherwise compromised. Validian technology enables the next generation of secure Mobile Messaging and Communications, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage, Software Defined Networking, the Internet of Things and SCADA, for computers, servers, data bases, intelligent sensors, tablets and SmartPhones on wired, wireless and mobile networks.
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 for more information on its digital asset solutions.
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Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", 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 constitute 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