OTTAWA, Sept. 3, 2014 (GLOBE NEWSWIRE) -- Validian Corp. (OTCQB:VLDI), the leader in cyber security technology that provides secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet, today is pleased to announce that it has been asked by a number of cyber security experts within its channel partners to collaborate on the development of a Validian-enabled solution that provides Secure Access of Servers, Databases and the Cloud as well as the Secure Access, Retrieval, Transfer, Receipt and Storing of digital information thereon including preventing a number of types of cyber attacks that have been breaching Government and Enterprise servers, databases and the Cloud.
Currently, there is no technology that can secure access to servers, databases and the Cloud, which is one of the most critical cyber security problems plaguing Governments and Enterprises as further evidenced by several recent, high profile cyber attacks, including the hacking of:
- Apple's iCloud to steal and post private photographs of celebrities (Bloomberg, Sept. 3, 2014)
- JPMorgan Chase & Co. to infiltrate and steal data (Bloomberg, Aug. 27, 2014)
- Community Health Systems, which operates 206 hospitals across the United States, that resulted in the theft of the personal data of 4.5 million patients (CNN, Aug. 18, 2014)
- the U.S. Government's personnel database wherein the government's Intrusion Prevention cyber security solution first had to detect the cyber attack after it had already penetrated the database and then took actions to block the attack from continuing. (Washington Post, July 15, 2014)
These channel partners provide solutions and services to an international community of: major Governments and their departments; several multinational. national and regional banks; hundreds of hospitals and clinics; as well as several Fortune 500 companies.
These cyber security experts recognize that hardware and device based cyber security solutions including Smart Firewalls, Database Event Monitors for Security Information and Event Management and Intrusion Detection System Appliances are not sufficient to prevent these cyber attacks. Neither is password protection or random generated numbers for end user access.
What all of them agree upon is a need for cyber security comprising:
- software only with no hardware or devices
- application of cyber security directly to the data being protected not at the perimeter
- controlled and restricted access of all servers and databases as well as all non-mobile and mobile devices
- application authentication
- better management of keys and crypto and information policies
- ease of, and low cost, implementation, management and operations
Bruce Benn, Chief Executive Officer of Validian Corporation, commented, "It is no coincidence that this is exactly what Validian's technology does. While the world is now just realizing that this is the type of cyber security required, Validian has already completed development of its cyber security technology and is currently installing it. We are very pleased at how quickly our installations with channel partners are resulting in the collaboration, design and development of Validian-enabled solutions to provide the next level of protection against these ongoing cyber attacks."
About Validian Corporation
Validian Corporation (OTCQB:VLDI) is the leader in cyber security technology that provides 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 for more information on its digital asset solutions.
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.