IRVINE, Calif., June 27, 2018 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a leading provider of email security today announced its continued focus on being a solutions provider enabling companies to comply with the GDPR utilizing Delivery Trust®. Identillect continues its proactive efforts to help companies to remain compliant with the changing data handling regulation.
Identillect assists organizations to comply with all data handling regulations including the GDPR. As with any changing regulation, companies need to be educated as to how they must comply and be guided along a path of least resistance. Unfortunately, there are limited resources available to help American businesses to understand the security requirements required in order for them to engage with European customers. Identillect is also ensuring it will have Certified EU GDPR Practitioners on staff in 2018, so it may educate and deploy the correct security products.
U.S. companies with an internet presence which allow access from European IP addresses must comply with the GDPR. Due to the lack of understanding and enforcement of protocols, some U.S. businesses have decided to restrict the access of European IP addresses (e.g. Los Angeles Times, Chicago Tribune, and The New York Daily News have restricted European access), rather than risk hefty fines for data-privacy violations. “With 500 million people living in the European Union, that’s a hard ban on one-and-a-half times the population of the United States,” defined in a recent article How GDPR is Affecting Business.
Identillect’s CEO Todd Sexton was quoted, “Identillect continues to position itself to be a significant provider of security products for GDPR compliance. California has proposed a ballot initiative for regulation mirroring GDPR. Additionally, the Federal government is considering this strategy as well. Through our development and marketing strategy, along with partnerships with innovative technology providers like MaidSafe, we will ensure long term strategic positioning for secure compliance to regulatory adherence.”
Nick Lambert COO at MaidSafe said, “As companies conduct almost all their business online, the requirement to secure corporate data has never been greater. This is why we created the SAFE Network, a next generation decentralized data platform which uses multi layered encryption by default to ensure user data is protected at all times. Working alongside partners like Identillect, we will provide cutting edge data security products to companies around the world.”
Identillect understands businesses do not necessarily comply with the regulations immediately after implemented, and behavior will adjust over time. Shifting security protocols will change with greater education as well as the assessment of fines and penalties for lack of compliance. Through strict security protocols, blockchain technology, decentralization, and education, Identillect continually positions itself to cater to U.S. and EU businesses. Identillect is in the process of deploying an educational and marketing plan focused on supporting resellers in Europe and assisting companies in the U.S. who need to comply with GDPR.
One of the largest issues businesses are challenged with is GDPR provision for a customer’s “Right to be Forgotten.” If a business is requested to dispose of a customer’s personal identifiers, it must comply within 30-days of the request and prove the destruction of customer personal information. With Identillect’s Delivery Trust®, when information is deleted from our system it is overwritten 5 times, ensuring the data is properly disposed of and verification of the activity can be provided to the customer allowing the business to comply with GDPR. Additionally, the housing of personal information within the encrypted environment and the blockchain ensures integrity of the information. This is achieved in a hashed form of the information with the original data sent being encrypted, ensuring absolute compliance to GDPR.
About Identillect
Identillect Technologies is the leading provider of email encryption service Delivery Trust®, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks.
Delivery Trust® is an award-winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind.
For more information, or your free trial, please visit www.identillect.com
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: todd.sexton@identillect.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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