Wednesday, November 01, 2017 11:04:08 AM
Identillect Announces Implementation and Development of Blockchain Supported Security Technology For Its Industry Leading Delivery Trust™ Email Security Platform
IRVINE, Calif., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a leading provider of email security today announced the integration and development of a new security offering utilizing blockchain technology to maximize the audit log integrity of emails and address Man-in-the-Middle (MitM) attacks. Blockchain, the underlying technology behind bitcoin, is a digital tool for doing a variety of functions such as recording and verifying transactions. These functions have much needed utilization for security advances in the financial services, healthcare, banking, manufacturing, and retail industries.
Identillect maintains the most aggressive approach when it comes to security technology. As cyber criminals’ methods progress, Identillect proactively evolves to meet these changing threats. As part of a series of strategic developments taken by the Company, Identillect is seeking to continue its position as a digital security innovator with the integration of blockchain technology into its leading email security platform, Delivery Trust™. The Company aims to leverage this new security technology to enhance its product offering in the future.
The basis for integrated blockchain technology is to deal directly with MitM attacks and mobile device tampering. Mobile device tampering has become an increasingly more significant component to an organization’s security. With most organizations moving to a “Bring Your Own Device” (BYOD) strategy, the security requirements around mobile communication have shifted. An April 2017 survey determined companies are seeing 20% of all security breaches occurring from employee mobile device communications. Additionally, Man-in-the-Middle attacks are one of the most popular and simplest forms of malware accounting for 51% of data breaches analyzed involving malware.
Blockchain’s decentralized ledger and solid security offers an exciting opportunity for persisting the audit log entries of a Delivery Trust™ email. Using the distributed ledger of a blockchain, the audit log entries will be stored in a permanent and verifiable way, which eliminates the possibility of data tampering and MitM attacks.
Todd Sexton, Identillect CEO states, “Identillect is proud to be on the cutting edge of security technology advancement. Beginning the integration of blockchain technology continually ensures the secure methodology of information and keeping our commitment to stay current.”
About Identillect
Identillect Technologies is the leading provider of email encryption service Delivery Trust™, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks.
Delivery Trust™ is an award-winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind.
For more information, or your free trial, please visit www.identillect.com
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: todd.sexton@identillect.com
Read more at http://www.stockhouse.com/news/press-releases/2017/11/01/identillect-announces-implementation-and-development-of-blockchain-supported#fvw2koi2RLrLbEx9.99
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