VirnetX Holding Corp (VHC)

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Two months since Matrix release:

“9:26a ET 4/7/2022 - Benzinga
VirnetX Launches Matrix Product

Combats Threats and Protects Businesses and Employees from Cyberattacks

ZEPHYR COVE, Nev., April 7, 2022 /PRNewswire/ -- VirnetXâ?¢ Holding Corporation (NYSE:VHC), an Internet security software and technology company, today announced the launch of VirnetX Matrix to secure private access to Internet applications, services and critical infrastructure. VirnetX Matrix enforces access policy controls and enables real-time network management to protect cloud or on-premises applications from threats.

VirnetX Matrix safeguards applications and contemporary remote workforce from sophisticated hackers and mitigates threats by enabling corporate applications to be invisible from unauthorized users. Matrix utilizes VirnetX One, a software-as-a-service (SaaS) platform that secures communications and protects applications, services, devices and infrastructure from cyber-attacks regardless of network or location. VirnetX One implements a modern Zero Trust architecture built on VirnetX's patented Secure Domain Name Technology.

"Threats to Internet applications and hybrid workforce are at an all-time high," said Kendall Larsen, VirnetX CEO and President. "While legacy security solutions lack complete visibility and protection, VirnetX Matrix delivers Internet security professionals a powerful solution to secure applications and services and thwart these evolving nefarious attacks."

With the proliferation of Bring Your Own Device (BYOD) policies, government facilities, healthcare networks, and telecommuting being the new reality, VirnetX Matrix provides remote teams with a comprehensive security posture. According to industry experts, there will be an estimated 24 billion interconnected devices by 2050. VirnetX Matrix provides seamless and secure access to interconnected devices and corporate applications, regardless of location, network or device.

Key features of VirnetX Matrix include:

Mitigate Attacks â?? Matrix offers protection from external threats including hackers, phishing, misconfigurations, and denial of service attacks. It limits lateral movement across network applications and services by threat actors.
Trusted Access â?? Matrix authenticates user access and secures applications and services using patented Secure Domain Name Technology. With Matrix, users can manage access, apply access policies in real-time, and easily understand who has access to information.
Cloud Security â?? Matrix allows users to easily secure applications in the cloud, on-premises or across hybrid deployments without impacting deployment or user experience. The cloud-based dashboard allows users to manage their applications, control access in real-time, and gain visibility into the users and devices that have access.
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