IRVINE, Calif., July 25, 2017 -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID) announces a joint effort campaign with HIPAATraining.com to educate and implement technologies which effectively combat the ransomware epidemic affecting businesses in the medical space. With healthcare businesses being targeted so heavily by ransomware, HIPAATraining.com customers are concerned about the very real cybersecurity dangers to their organizations. With this growing concern Identillect, in conjunction with HIPAATraining.com, is committed to bring the right solutions to combat this problem.
End-to-End email encryption is a fundamental element in securing data in transit and at rest. Outdated medical systems are woefully unprepared to deal with a new class of criminals willing to hold patients' medical data, credit card numbers, and other personal information hostage barring a big payout stated in a Fortune article on Ransomware. The healthcare industry was the victim of 88% of all ransomware attacks in U.S. industries last year, detailed in an article by Ana Mulero of Healthcare Dive.
Todd Sexton, CEO of Identillect, states, "The concern for protecting information in the medical space has never been more relevant. As cyber-attacks are reaching record highs we are expanding our program around awareness and security and believe this program with hipaatraining.com will allow us to secure many more clients in need.”
HIPAATraining.com’s CEO Abdul Yoosufani states, “We selected Identillect Technologies as our exclusive provider for email security as cybersecurity is continually becoming a more relevant concern to our clients, as their needs continue to grow. This joint effort will bring additional awareness and incorporate security protocols which will greatly reduce these risks for our clients.”
The cybersecurity market is one of the fastest growing markets in technology. Breaches involving accidental email/internet exposure of information were the second most common type of breach incident reported by the identity theft center. Global spending will cumulatively exceed $1 billion over the next 5 years, with cybersecurity damages predicted to reach $6 trillion globally by 2021 reported by CSO online. The need for advanced cyber security tools to prevent data breaches will only continue to increase with an estimated 4 billion online requiring security by 2020.
About HIPAATraining.com
HIPAATraining.com has been in the HIPAA compliance space for over 15+ years and offers a full range of HIPAA compliance products from training and certification for an individual to full HIPAA compliance for organizations. We specialize in helping individuals and small to midsize organizations get HIPAA compliant in the most affordable, fastest, and easiest way possible.
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
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.
IDENTILLECT TECHNOLOGIES CORP. Todd Sexton Chief Executive Officer Tel: (949) 468-7878 Email: [email protected] Investor Relations: Arlen Hansen Kin Communications 1-866-684-6730 [email protected]


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