ZEPHYR COVE, Nev., Oct. 26, 2021 /PRNewswire/ -- VirnetX™ Holding
Corporation (NYSE: VHC), an Internet security software and
technology company, announced today that the National Credit Union
ISAO ("NCU-ISAO"), enhancing Credit Union cyber resilience through
information sharing, intelligence, operational guidance, and
workforce education, has implemented VirnetX's Zero Trust
Networking Technology with Asgard's Zero-Trust EverSafe Backup and
Disaster Recovery Service for ransomware protection. EverSafe is
built on VirnetX's Zero Trust Networking Technology platform.
VirnetX's Zero Trust Networking Technology with Asgard's
Zero-Trust EverSafe Backup and Disaster Recovery Service protects
data backups, data in transit, and data at rest on private secure
domains, separate and invisible from the public Internet, therefore
ensuring data integrity and availability.
Ransomware is the biggest threat to banking organizations with a
1,318% increase in attacks year over year from 2020 to 2021 and
depends on the vulnerability of data backups for a successful
attack to ensure payment of ransoms. Secure backup and recovery
capabilities are the last line of defense against ransomware.
Additionally, zero trust security is now recognized as a critical
component of any security strategy with 76% of organizations in the
process of implementing zero trust security.
"We believe in VirnetX's Zero Trust Networking Technology and
were interested to learn more about how Asgard's EverSafe solution
could leverage it to create a safe, zero trust backup solution,"
said Brian Hinze, NCU-ISAO Director
and Vice President. "After implementing the solution at NCU-ISAO,
the value of the product quickly became clear when we could not see
a visible path to our backups, as was advertised. A trusted
partner of ours recently said, 'You can't hack what you can't see,'
and it certainly holds true in action."
"VirnetX Zero Trust Networking Technology enables EverSafe to
improve upon Veeam's best in class backup and recovery platform
with unparalleled zero trust security delivering the most secure
data protection available anywhere to our clients," said Asgard
Chief Executive Officer Brian
Waltermire.
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE and 5G security. The Company's
software and technology solutions, including its secure domain name
registry and Gabriel Connection Technology™, are designed to
facilitate secure communications and to create a secure environment
for real-time communication applications such as instant messaging,
VoIP, smart phones, e-Readers and video conferencing. The Company's
patent portfolio includes over 190 U.S. and foreign granted
patents, validations and pending applications. For more
information, please visit http://www.virnetx.com/.
About the National Credit Union ISAO
The mission of the NCU-ISAO is to enable and sustain Credit
Union critical infrastructure cyber resilience and preserve the
public trust by advancing trusted security coordination and
collaboration to identify, protect, detect, respond and recover
from threats and vulnerabilities. For more information, please
visit https://ncuisao.org/.
About Asgard
Asgard is the leader in zero trust cloud backup and data
recovery solutions servicing clients ranging from government
municipalities to the small enterprise organization. Located in
New York, New York, Asgard
leverages data centers around the world to provide these much
needed zero trust data recovery solutions to its valued clients
wherever they may be. For more information, please visit
www.asgardmsp.com.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact, including the statement regarding
VirnetX's technology, may constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are based on
expectations, estimates and projections, and certain assumptions
made by management and involve known and unknown risks,
uncertainties and other unknown factors that could cause the actual
results of VirnetX to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements, including but not limited
to, including but not limited to (1) the outcome of any legal
proceedings that have been or may be initiated by VirnetX or
that may be initiated against VirnetX; (2) the ability to
capitalize on patent portfolio and generate licensing fees and
revenues; (3) the ability of VirnetX to be successful in
entering into licensing relationships with its targeted customers
on commercially acceptable terms; (4) potential challenges to the
validity of VirnetX's patents underlying its licensing
opportunities; (5) the ability of the VirnetX to achieve
widespread customer adoption of its Gabriel Communication
Technology™ and its secure domain name registry; (6) the level of
adoption of the 3GPP Series 33 security specifications; (7) whether
or not VirnetX's patents or patent applications may be determined
to be or become essential to any standards or specifications in the
3GPP LTE, SAE project or otherwise; (8) the extent to which
specifications relating to any of VirnetX's patents or patent
applications may be adopted as a final standard, if at
all; and (9) the possibility VirnetX may be adversely affected
by other economic, business, and/or competitive factors. The
forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in VirnetX's reports and registration statements filed
with the Securities and Exchange Commission, including those under
the heading "Risk Factors" in VirnetX's Quarterly Report on Form
10-Q filed on August 6, 2021 and
subsequent filings with the Securities and Exchange Commission, as
applicable. Many of the factors that will determine the outcome of
the subject matter of this press release are beyond VirnetX's
ability to control or predict. Except as required by law,
VirnetX is under no duty to update any of the forward-looking
statements after the date of this press release to conform to
actual results.
Contact:
Investor Relations
VirnetX Holding Corporation
415.505.0456
ir@virnetx.com
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SOURCE VirnetX Holding Corporation