NASA/KENNEDY SPACE CENTER, Fla.
and ZEPHYR COVE, Nev.,
March 27, 2017 /PRNewswire/
-- National Credit Union ISAO, a critical cyber infrastructure
advisor to credit unions, and VirnetX™ Holding Corporation (NYSE
MKT: VHC), a leader in Internet communication security software and
technology, jointly announced today that National Credit Union
Information Sharing and Analysis Organization (NCU-ISAO) is
utilizing VirnetX's Gabriel Collaboration Suite for critical ISAO
communications and is recommending the technology to its members
for secure communications and data transmission. NCU-ISAO draws its
members from a segment base of 6,600+ institutions with more than
57,000 credit unions in the US and globally.
"NCU-ISAO is specifically targeted at helping National Credit
Unions accelerate their cyber maturity and build resilient systems
to support their members," said Gene
Fredriksen, CEO, National Credit Union ISAO. "With increased
online transaction presence, cybersecurity is a high priority for
credit unions. Gabriel Secure Communications will enable the
secure sharing of information among NCU-ISAO member credit unions
while allowing them to maintain complete ownership and control over
their confidential communications and data secured within their own
private network. Gabriel's end to end encrypted secure
communications infrastructure will provide them with a superior
level of security vital to their communications and data
management."
"We thank the NCU-ISAO for their endorsement," said Kendall Larsen, VirnetX President and CEO.
"NCU-ISAO provides critical level cybersecurity advice and
recommendations to their credit union base and we look forward to
working with them to achieve the highest level of communications
security. ISAOs in general are extremely important in guiding
our important business segments to robust cybersecurity platforms
and we will actively engage them."
About National Credit Union ISAO
The National Credit Union Information Sharing & Analysis
Organization (NCU-ISAO) was established as a strategic
collaborative partnership to advance Credit Union specific cyber
resilience, meeting compliance requirements and issues and
challenges. The NCU-ISAO advances Credit Union Cyber Resilience by
providing a sustainable infrastructure connecting public and
private-sector stakeholders supporting security information
sharing, coordinated response, leading practice, education and
discounted products and services. NCU-ISAO critical infrastructure
represents a major segment of the financial services with 6,600+
institutions in the US and globally and more than 57,000 credit
unions in 105 countries on six continents. Cyber resilience,
cybersecurity and mitigating risk will be at the very top of credit
unions' priority list as they continue to maximize technology and
telecommunications to serve their members on a global scale and
also continue to face more cyber regulatory scrutiny. For more
information, please go to https://ncuisao.org/
About ISAOs
ISAOs, Information Sharing & Analysis Organizations, are
owners and operators of critical infrastructure, relevant agencies,
and other public- and private-sector stakeholders through a
voluntary consensus standards development process to identify a
common set of voluntary standards and guidelines for the creation
and functioning of ISAOs. These standards address, but are not
be limited to, contractual agreements, business processes,
operating procedures, technical specifications, and privacy
protections. ISAOs advise on best practices and lessons
learned from existing Information Sharing and Analysis Centers and
other information sharing organizations.
The establishment of ISAOs allows communities of interest to
share cyber threat information with each other on a voluntary
basis, resulting in an effective ISAO Ecosystem. ISAOs may also, if
they choose, participate in existing federal cybersecurity
information sharing programs, providing access to near-real-time
cyber threat indicators. The goal is to create deeper and broader
networks of information sharing nationally that foster the
development and adoption of automated mechanisms for the sharing of
information to elevate the security of the Nation. For more
information, please visit https://www.isao.org/
About VirnetX Gabriel Collaboration Suite
The Gabriel Collaboration Suite™ is a set of easy to use,
essential applications, that allow businesses and users to
communicate and collaborate with their peers in a secure,
end-to-end encrypted environment. The essential applications
include, Secure Mail, Secure Messaging, Secure Voice Call, Secure
Video Call, Secure Share & Sync and Secure Gateway Service, all
accessible through an integrated and easy to use interface on
mobile or desktop devices. VirnetX's Gabriel Secure Gateway Service
allows users to configure and remotely access all their private
network services, e.g. web cameras, home security monitoring
systems, or personal data storage (movies, photographs, etc.),
without disclosing private network information or opening special
ports that can make them vulnerable to malicious hacking or
attacks.
Built on top of the Gabriel Secure Communication
Platform™, it uses VirnetX's patented Gabriel Connection
Technology™ to automatically perform user authentication,
cryptographic peer device authentication and security policy
enforcement over an 'invisible network' created by using a
unique virtual encrypted secure communications infrastructure. For
more information, please visit www.gabrielsecure.com
About VirnetX
VirnetX Holding Corporation is an Internet security software and
technology company with patented technology for secure
communications including 4G LTE 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, eReaders and video conferencing. The Company's
patent portfolio includes over 115 U.S. and international patents
and over 50 pending applications. For more information, please
visit www.virnetx.com
Forward Looking Statements
Statements in this press release that are not statements of
historical or current fact, including statements regarding
the strength of VirnetX's intellectual property, 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 about the markets in which the Company operates,
management's beliefs, and certain assumptions made by management
and involve known and unknown risks, uncertainties and other
unknown factors that could cause the actual results of the Company
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 (1) the outcome of any
legal proceedings that have been or may be initiated by the Company
or that may be initiated against the Company, including pending and
future inter partes review proceedings in the Patent and Trademark
Office; (2) the ability to capitalize on the Company's patent
portfolio and generate licensing fees and revenues; (3) the ability
of the Company to be successful in entering into licensing
relationships with its targeted customers on commercially
acceptable terms; (4) potential challenges to the validity of the
Company's patents underlying its licensing opportunities; (5) the
ability of the Company to achieve widespread customer adoption of
the Company's 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 the Company'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 the Company's patents or patent
applications may be adopted as a final standard, if at
all; and (9) the possibility that Company may be adversely affected
by other economic, business, and/or competitive factors. In
addition to statements which explicitly describe such risks and
uncertainties, readers are urged to consider statements labeled
with the terms "believes," "belief," "expects," "intends,"
"anticipates," or "plans" to be uncertain and forward-looking.
The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are
described from time to time in the Company's reports and
registration statements filed with the Securities and Exchange
Commission, including those under the heading "Risk Factors" in
Company's Quarterly Report on Form 10-Q filed with the SEC on
March 16, 2017. Many of the factors
that will determine the outcome of the subject matter of this press
release are beyond the Company's ability to control or predict.
Except as required by law, the Company 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:
National Credit Union ISAO
Brian Hinze
813.431.1221
bhinze@ncuisao.org
Investor Relations
VirnetX Holding Corporation
775.548.1785
ir@virnetx.com
VirnetX, Gabriel Collaboration Suite, Gabriel Secure
Communications Platform and GABRIEL Connection Technology are
trademarks of VirnetX Holding Corporation. Other company and
product names may be trademarks of their respective owners.
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SOURCE VirnetX Holding Corporation