SOURCE: Validian Corporation

January 29, 2008 08:00 ET

Validian Prevents Losses From Unauthorized Access

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.

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.

Contact Information

  • Investor Relations Contact:
    Lexxus Capital Inc.
    Andrew Bedryk
    Email Contact
    (212) 626-6753


    Validian Contact:
    Bruce Benn
    President & CEO
    Validian Corporation
    (613) 230-7211 Ext 226
    Email Contact