EDISON, N.J., June 21, 2016 (GLOBE NEWSWIRE) -- StrikeForce Technologies, Inc. (OTC PINK:SFOR) announced today that it has initiated additional patent litigation against three major competitors in the U.S. District Court for the District of New Jersey in Newark, for infringement of United States Patent No. 8,484,698 (the ’698 Patent).
“As stated in our March 28th 2013 patent litigation release that ended successfully, StrikeForce continues to aggressively protect its patents against all infringers. Based on this strategy, we have added three sizeable companies to our litigation list of companies we are going after, with still others on the potential list,” says Mark Kay, our CEO.
The ’698 Patent, entitled “Multichannel Device Utilizing A Centralized Out-of-Band Authentication System (COBAS),” relates to several key technologies underlying a multichannel security system for granting and denying access to a host computer in response to a demand from an access-seeking individual and computer. The ’698 Patent was granted by the United States Patent and Trademark Office on July 9, 2013.
There has been an increasingly sharp rise in cyber-attacks recently with many International banks being hacked. This increase in cyber-attacks and the strengthening of regulations, such as the FFIEC in the financial market and HIPAA HiTech and Electronic Protected Healthcare Information (ePHI) in the healthcare market, are prompting an exponential increase in the use of “Out-of-Band” Authentication. StrikeForce has initiated a program to protect its proprietary IP, which was invented by its current CTO based on his vast telecommunications experience. Mr. Kay stated, “In light of our having been granted the ’698 Patent, and with increased activity in various markets by enterprises, government agencies and social media, StrikeForce will aggressively continue to protect its patents. Therefore, we have filed today three lawsuits designed to protect this critical StrikeForce asset, which is definitely increasing in importance with consistently troubling news about cyber-attacks and cyber thefts. We will take whatever action is necessary to protect our intellectual property rights and maximize shareholder value.”
StrikeForce has retained Blank Rome LLP, a national law firm, to represent it in all the mentioned litigations above, including winning our first litigation. “The engagement of a law firm of such quality and reputation to pursue infringement claims under our Out-of-Band patent further strengthens our ability to protect our Intellectual Property (IP), which we worked diligently for many years to develop,” commented Kay.
About StrikeForce Technologies, Inc.
StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions. StrikeForce Technologies, Inc. (OTC PINK:SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company.