IRVINE, CA / ACCESSWIRE / August 26, 2020 / Identillect Technologies Corp. (the "Company" or "Identillect") (TSXV:ID), a trusted leading provider of compliant email security, is pleased to provide a corporate update as Covid-19 continues to affect businesses throughout the world, and cyberattacks are on the rise.
The FBI recently reported that the number of complaints about cyberattacks to their Cyber Division is up to as many as 4,000 a day, a 400% increase from what they were seeing prior to the Covid-19 pandemic. Interpol is also seeing an "alarming rate of cyberattacks aimed at critical infrastructure." These attacks are targeting all types of businesses.
Since the onset of Covid-19, Identillect has experienced some customer loss, primarily due to business closure(s), but has more than offset these losses with growth in new verticals, such as medical and insurance services. Identillect is capitalizing on the growth in subscribers from the insurance services sector, by preparing to launch a promotion to 90,000 insurance agents represented by NAPA (National Association of Professional Insurance Agents).
Identillect also continues to focus on Bar Associations where it already represents 19 state bars. Identillect has been working with the state bars to inform their members of the benefits of using Identillect Technologies' Delivery Trust® proprietary email encryption technology. In coordination with the state bars, Identillect is about to launch a promotion to 280,000 bar members throughout the 19 state bars. Todd Sexton, the Company's CEO stated, "We are very excited to be working so closely with our state bars and are confident that these promotional efforts will result in a number of new Identillect subscribers prior to the end of fiscal 2020."
Identillect also wishes to announce that Gerald Hetrick has resigned from its Board of Directors. Identillect would like to thank Mr. Hetrick for his years of service to the Company.