SOURCE: Finjan Holdings, Inc.

Finjan Holdings, Inc.

February 19, 2015 10:00 ET

Finjan CEO Urges Corporate America to Reinforce Cybersecurity Funding

MENLO PARK, CA--(Marketwired - Feb 19, 2015) - Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity licensing company, today reported that in the aftermath of President Obama's ground-breaking Stanford Summit on Cybersecurity, Phil Hartstein, President and CEO of Finjan, calls upon corporate executives to assure that investment and funding toward the advancement of cybersecurity innovations and related initiatives continues unabated.

In one of the most poignant remarks of the cyber summit, Intel Corp. (NASDAQ: INTC) President Renee J. James said it best when she stated, "We are all intellectual property companies."

Finjan agrees. Cyber criminals and evil hackers do not discriminate, which is why cybersecurity initiatives protect individuals, governments and corporations alike. In fact, recent cyber attacks at Anthem Health, Sony, Target and Home Depot demonstrate that illegal theft of our property and identity though infiltration of communication networks is on the rise and our general safety is at risk.

That's why it is critical to transform the private-public cooperation initiated at Stanford into meaningful actions that make cybersecurity a top priority of any public policy agenda.

"It is one thing to toast the President and come together in the hub of technology and innovation but it is an altogether different thing to support cybersecurity efforts through deliberate actions, such as political pressure and financial investment," Hartstein noted.

In fact, there is no better opportunity for corporate executives to put into practice what they preached in Palo Alto last week than in the current debate, which will potentially halt funding of the Department of Homeland Security (DHS), including significant allocations to cybersecurity investments. While certain members of Congress have threatened to cut off funding to the DHS in protest of the President's executive order on immigration, they might be throwing out the baby with the bath water.

Despite the President's exclamation that this should not be a partisan issue and regardless of one's views on immigration policy, it would be criminal for Silicon Valley CEOs and business leaders to sit on their hands and allow the interruption -- or even the notion thereof -- of critical government funding to cybersecurity protections for the American public.

The cable television trucks have long since left the Stanford campus, the President's secret service has been dispatched to the next assignment, and the celebratory wine glasses are back in their boxes. But the obligation to protect the public from theft of their identity and property remains at risk. It is time for Corporate America to make sure that cybersecurity funding doesn't get compromised. Says Hartstein, "Actions speak louder than words, even if spoken in the presence of the President."

ABOUT FINJAN
Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan's investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan's software detects malicious code and protects end users from identity and data theft, spyware, malware, phishing, trojans and other online threats. To date, Finjan has successfully licensed our intellectual property to major technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.

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Cautionary Note Regarding Forward-Looking Statements

Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the outcome of pending or future enforcement actions, our ability to expand our technology portfolio, the enforceability of our patents, the continued use of our technology in the market, our stock price, changes in the trading market for our securities, regulatory developments, general economic and market conditions, the market acceptance and successful business, technical and economic implementation of Finjan Holdings' intended plan; and the other risk factors set forth from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2013, and the company's periodic filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Finjan Holdings Inc. All forward-looking statements herein reflect our opinions only as of the date of this release, and Finjan Holdings' undertakes no obligation, and expressly disclaims any obligation, to update forward-looking statements herein in light of new information or future events.