SAN GERONIMO, Calif., May 22, 2012 (GLOBE NEWSWIRE) -- Paul Hogan, CEO of T3, a subsidiary of Virogen Inc. (OTC:VRNI), a technology holding company, commented today on recent high profile data breaches, highlighting capabilities of the comprehensive encryption, tracking and liability protection solutions provided by its wholly-owned subsidiary, Tiger Team Technologies' "T3."
In recent months, severe data breaches were announced by several private and public entities worldwide. Email hacking continues to be a major issue and has reached epidemic proportions. In a majority of cases these announcements regularly reveal that millions of individual email addresses are exposed in an attack. Furthermore, security experts are warning users to brace for a tidal wave of more precise spear phishing attacks.
Also, recently it has been revealed that certain email accounts at the U.S. Defense Department and State department have been compromised. Paul Hogan, CEO of Virogen, Inc., commented on T3's "Auditrac" and "Encryptrac" technology designed to provide the highest level of protection for email and data transmissions for large enterprises.
"Data security breaches of major corporations at the highest levels have recently come to the forefront of the public eye with the documented attacks on major corporations worldwide. The truth is that data security and attacks of this kind have been increasing in frequency and severity for quite some time now, however most are not reported due to the sensitivity of data security. With constant high profile incidents, however, the public is becoming more and more aware of the catastrophic consequences that can affect not only the corporations that are breached but any consumer that has ever transmitted any of their personal information, including bank and financial information, online," commented Hogan.
T3 has created Encryptrac state of the art encryption methodology using the latest technology available and the company is continuously updating its encryption technology to meet the most sophisticated requirements and specifications. The company has also created Auditrac, which will identify all those accessing a file and or database and copy all files accessed and downloaded and or transmitted across the internet or an intranet. With Auditrac and Encryptrac, T3 offers virtually hack-proof security for data at rest and transmissions in digital space.
About Virogen, Inc.
Virogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies "T3," has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Virogen, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.