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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."