IRVINE, Calif., Feb. 05, 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 the official launch
of a new security offering utilizing blockchain technology to maximize audit log integrity of emails and address
Man-in-the-Middle (MitM) attacks. Blockchain, is the underlying technology behind bitcoin, a digital tool for doing a variety of
functions such as recording, verifying and preventing transaction tampering. Identillect’s blockchain creates integrity checks
through every level of communication limiting the possibility of security breaches which are currently plaguing businesses in
multiple verticals.
Blockchain Technology is anticipated to have a significant impact on almost every industry
requiring security. Blockchain is inherent to the future of cybersecurity, emphasizing a different approach storing, transacting,
and establishing trust. One such area where Identillect is using this technology is to assist in preventing wire fraud. According to the FBI in the United States there were $19M in losses for 2016, and by 2017 that
figure increased to an astounding $963M in wire fraud attempts. The direct use of blockchain technology only allows a wire
transaction to be viewed if the integrity of the information is verified at the sender and is confirmed through the blockchain at
the receiver. This is preventing a malicious actor from successfully committing wire fraud as the wire of a malicious actor would
not be delivered.
Identillect continues development and implementation of technology advancements in digital communication; the
use of blockchain technology is another example of remaining on the cutting-edge of technology. Identillect is seeing increased
requirements for advanced audit capabilities in real estate, legal, and financial industries. Blockchain provides a verifiable
register which allows certification for eDiscovery (regulations the legal community must adhere to) as well as advanced regulations
requiring integrity proof of financial transactions.
Identillect CEO Todd Sexton states, “We are excited to be on the forefront of utilizing the strongest emerging
technologies to achieve advancements in the security space. Blockchain technology will elevate the security protocols for our
clients in the legal and the real estate industries, creating integrity in email communication not previously available to the
security market.”
Email communication still remains one of the top communication paths for businesses, while it still has inherent vulnerabilities
which have created advanced regulatory change to elevate demands for organizations of all industries. This has been most recently
seen with the growth of General Data Protection Regulation (GDPR). GDPR inverts the traditional corporate view of personal data; it
codifies the concept that the data belongs to the individual and that companies are only custodians of the information. The
GDPR is just one of many regulations expected to affect organizations around the world. Blockchain technology is a valuable tool to
assist in these compliance changes and Identillect is well positioned to be a leader with its Trusted Blockchain.
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
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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.