Contact Information: Investor Relations Contact: Lexxus Capital Inc. Andrew Bedryk (212) 626-6753 Validian Contact: Bruce Benn President & CEO Validian Corporation (613) 230-7211 Ext 226
OTTAWA--(Marketwire - January 29, 2008) - Ewire -- Validian Corporation (OTCBB : VLDI ), a
leader in application security software and solutions, today announced that
its Application Security Infrastructure (ASI) platform, inherently prevents
the types of attacks that resulted in multi-billion dollar losses by a
leading French bank.
Associated Press recently reported allegations by Societe Generale that a
rogue trader hacked their computers and used other people's access codes to
facilitate fraudulent transactions that have resulted in losses to the bank
exceeding $7 billion.
"It is very difficult to protect against these types of attacks with
conventional security measures," said Bruce Benn, President and CEO of
Validian Corporation. "Today more than 75% of successful hack attacks are
at the application. Validian's ASI platform was designed and developed to
inherently prevent, not just detect, hacking and unauthorized access of
mission critical applications. Validian would prevent the type of attack
and unauthorized access as reported."
Validian's ASI platform and solutions would enable banks, governments and
other businesses to:
1) Ensure that their applications can be accessed only by other authorized
and authenticated applications, thereby preventing hacking or unauthorized
access.
2) Ensure that their applications and sensitive information can be accessed
only by biometrically authenticated and authorized personnel, thereby
preventing access by unauthorized personnel, including those who might
steal access codes.
3) Track data access and file activity in real-time
4) Set and readily modify and deploy universal policies which govern
security and tracking.
"Easy to develop, deploy and operate, ASI-enabled solutions are a robust
means of preventing losses due to hacking, unauthorized access and theft of
valuable information during transit," concluded Bruce Benn.
About Validian
Validian Corporation is a leader in the development and marketing of
innovative application-security and secure data-exchange software and
solutions for public and private enterprises. Validian ASI™ is a
software-only development and deployment environment for peer-to-peer (P2P)
and client-server architectures that enables application authentication and
secure data exchange to be integrated directly into applications rapidly
and easily, lowering development and deployment costs. ASI protects against
attacks by authenticating applications thereby preventing the hacking of
applications, and by encrypting and decrypting data within applications to
ensure data exchanged between trusted applications never travels in the
clear, thereby preventing the theft of data during transit. Cost-effective,
simple-to-deploy and easy to manage, Validian solutions facilitate security
audit compliance. A U.S. corporation, Validian has offices in the U.S,
Canada and Switzerland.
For more information about Validian Corporation, visit www.validian.com.
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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
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