StrikeForce Commences Patent Litigation Against Out-of-Band Authentication Infringers Starting With PhoneFactor (a subsidiary...
March 28 2013 - 1:49PM
Marketwired
StrikeForce Technologies, Inc. (OTCBB: SFOR) announced today that
it has initiated patent litigation against PhoneFactor, Inc., a
subsidiary of Microsoft Inc., Fiserv, Inc., and First Midwest
Bancorp, Inc. in the U.S. District Court for the District of
Delaware in Wilmington, for infringement of United States Patent
No. 7,870,599 (the "'599 Patent").
The '599 Patent, entitled "Multichannel Device Utilizing A
Centralized Out-of-Band Authentication System (COBAS)," relates to
several key technologies underlying a multichannel security system
for granting and denying access to a host computer in response to a
demand from an access-seeking individual and computer. The '599
Patent was granted by the United States Patent and Trademark Office
on January 11, 2011. A reexamination certificate issued after a
successful Ex Parte Reexamination concluded on December 27,
2011.
StrikeForce has retained Blank Rome LLP, a national law firm, to
represent it in the litigation. "The engagement of a law firm of
such quality and reputation to pursue infringement claims under our
Out-of-Band patent further strengthens our ability to protect our
Intellectual Property (IP), which we worked diligently for many
years to develop," commented Mark L. Kay, CEO of StrikeForce.
There has been a sharp rise in cyber-attacks recently,
especially with RSA being hacked in March of 2011. This increase in
cyber-attacks and the strengthening of regulations, such as the
FFIEC in the financial market and HIPAA HiTech and Electronic
Protected Healthcare Information (ePHI) in the healthcare market,
are prompting an exponential increase in the use of Out-of-Band
authentication. StrikeForce has initiated a program to protect its
proprietary IP, which was invented by its current CTO based on his
vast telecommunications experience. Mr. Kay stated, "In light of
our having been granted the '599 Patent, and with increased
activity in various markets by enterprises, government agencies and
social media, StrikeForce will aggressively protect its patent.
Therefore, we have filed today our first lawsuit designed to
protect this critical StrikeForce asset, which is definitely
increasing in importance with consistently troubling news about
cyber-attacks and cyber thefts. We will take whatever action is
necessary to protect our intellectual property rights and maximize
shareholder value."
ABOUT STRIKEFORE TECHNOLOGIES, INC. StrikeForce Technologies
helps to prevent online identity theft and data security breaches
for consumers, corporations, and government agencies. It provides
powerful two-factor, "Out-of-Band" authentication and keystroke
encryption solutions. StrikeForce Technologies, Inc. (OTCBB: SFOR)
is headquartered in Edison, N.J., and can be reached at
www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free
at (866) 787-4542.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the sales of the company's identity protection software products
into various channels and market sectors, the issuance of the
company's pending patent application, and the impact of economic,
competitive and other factors affecting the Company and its
operations, markets, product, and distributor performance, the
impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors detailed
in reports filed by the company.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact Info: StrikeForce Investor Relations Contact:
Mark L. Kay (732) 661-9641 litigation@strikeforcetech.com
StrikeForce Public Relations Contact: Michael Becce MRB
Public Relations (732) 758-1100 x104 mbecce@mrb-pr.com
StrikeForce Technologies (QB) (USOTC:SFOR)
Historical Stock Chart
From May 2024 to Jun 2024
StrikeForce Technologies (QB) (USOTC:SFOR)
Historical Stock Chart
From Jun 2023 to Jun 2024