OTTAWA, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Validian Corp. (OTCQB:VLDI), first-to-market with next generation cyber security technology that provides secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet, announced today that the Company's technology can prevent, not just detect, the onslaught of cyber attacks involving the widespread theft of passwords and other personal data.
Last week, more than 2 million Facebook, Google and other accounts underwent cyber attacks, compromising countless accounts and leaving Internet and financial companies scrambling. Security experts warned that currently there is no way to completely protect against breaches that happen in this way, and that existing security measures, including anti-virus and malware solutions, while instrumental in limiting losses due to theft of information from malware attacks, were not sufficient to prevent the attacks due to data breaches. (Fox News, Dec.5/13)
This is because these data breaches arise from the hacking of the mobile, web and non-mobile applications on mobile and non-mobile devices in order to access the account information. End-user authentication, hardware authentication, anti-virus and malware solutions as well as intrusion detection solutions are necessary and very sophisticated solutions. However, none of these authenticate, or prevent the hacking or unauthorized access of, the application, which is where more than 90% of all cyber attacks are directed today.
Bruce Benn, Chief Executive Officer of Validian Corporation, commented, "Validian has the first and only technology in the world that through a unique, dynamic change of keys mutually authenticates communicating applications, thereby preventing hacking and unauthorized access of applications and the resulting data breaches. Currently these data breaches result in annual economic losses exceeding $1.5 trillion. These losses are threatening to grow exponentially over the next few years due to the proliferation of, and readily unauthorized accessibility of, valuable digital information on web applications, like social networks and online banking, and on mobile devices."
He continued, "The use of Validian with the existing security solutions mentioned above could prevent the hacking and unauthorized access of these web and mobile applications, and thereby greatly reduce these economic losses. Validian is committed to continuing to communicate our enormous value to this community and to becoming the premier next generation solution for the secure access, transfer and storage of digital information on wired, wireless and mobile networks over the internet."
About Validian Corporation
Validian Corporation (OTCQB:VLDI) is first-to-market with next generation 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.
Company: Bruce Benn, CEO and President 613.224.3535 Investor Relations: Howard Gostfrand 305.918.7000
