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VALIDIAN HELPING ORGANIZATIONS COMBAT CYBER CRIME
Posted on Tuesday, July 14 @ 11:02:48 EDT by jgprimenews

NEW YORK, NEW YORK - Validian Corporation (OTCBB: VLDI), a leader in the protection of digital assets, outlined its approach to protecting sensitive information and high value intellectual property from cyber-crime today.



“Cyber-crime is a major problem today,” said Bruce Benn, CEO of Validian. “Not only can pirated digital properties, stolen customer information, and privacy infractions cause significant business losses but they can also have effects such as reduced competitiveness and protracted litigation that are long-lasting. Further compounding the matter, cleaning up after the breaches have occurred can sometimes be as expensive as the breach itself and also contributes to the additional costs borne by the cyber-crime victim.”





With much of the information that is created, manipulated and stored as part of every-day activity and many of the products that are bought, distributed and paid for now in electronic form, the digital representation of the information asset increasingly embodies both significant monetary value and business relevance for its owners. Digital information is now where the value is, including movies, music, sensitive Government and business information, and confidential medical records.





Cyber-crime a growing problem



According to estimates from a recent survey of worldwide CIOs (McAfee), the economic losses associated with cyber-crime exceeded $1 Trillion in 2008. These losses stem from such incidents as the theft of credit card information, the piracy of entertainment media, the unwanted disclosure of private or confidential data, the malicious distribution of trade secrets by former employees, and the reparations necessary to minimize the effects of these breaches.



Despite these losses and the significant investments in point solutions and perimeter security, the vulnerability remains. With each successive introduction of these security technologies, protection has been improved. However, hackers merely have shifted their attention to vulnerabilities that exist in other areas and there continues to be an increasing stream of incidents relating to hacking, online theft, piracy and unwanted disclosure.



Clearly, the solutions employed today are not sufficient to protect the value and confidentiality of digital assets.





The Validian Advantage



Validian’s approach is highly differentiated from that of other vendors in the security marketplace. To counter the gaps that exist in current electronic infrastructures, human resource policies and other data security protections, Validian strives to place protection mechanisms such as fingerprint biometrics, secure USB storage, end-point authentication, application-embedded encryption and access auditing closest to the point of use for the digital asset, where security provisions can be tailored based on the value or threat and made more effective.



“Validian recognizes that digital assets require varying levels and forms of protection, depending on the nature of the business process and of the information itself,“ continued Bruce Benn. “It’s why our integrated hardware/software solutions can be inserted at vulnerable points within the workflow and our software toolkit solutions can be inserted directly within the application.”



Providing protection from within the workflow or even within the application can better seal the gaps that exist (and also some that have yet to be imagined) by insulating the digital information from hack attempts, inadvertent actions or malicious behavior. It also can help safeguard critical, sensitive and high-value data in a seamless and transparent manner that blends effortlessly with the current business process and provides the greatest convenience for end-users of the information.



As a result, whether at rest on computers, servers or portable storage media or electronically transferred across the Internet, Validian’s approach can help organizations deliver a dramatically higher protection profile for their digital assets.



About Validian



Validian Corporation provides comprehensive solutions for the protection of digital information and content while in transit and at rest. Validian is the only technology that enables IT managers on demand to change encryption algorithms, keys, key life time and level of compression and to distribute these automatically, immediately and transparently to all end points without having to re-develop or re-install the software. Validian solutions can be customized rapidly to the business processes and work flow of the organization to ensure the end-to-end authenticity, integrity and custody of high value digital assets. A U.S. corporation, Validian has offices in the U.S and Canada.



For more information about Validian Corporation and its first-to-market solutions, visit www.validian.com.



Safe Harbor Statement



Investors should carefully consider the preceding information as well as 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.

Investor Relations Contact:
Lexxus Capital Gary Robinson
gr@lexxuscapital.com
Tel: 212-835-0238


 
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