Wham Inc. Addresses Cyber Security

PARK RIDGE, IL / ACCESSWIRE / January 23, 2015 / Wham Inc. - In the wake of the whole Sony hacking scandal and a number of mass retail consumer account breaches. The President of the United States addressed the cybersecurity epidemic in the State of the Union address. Here's part of his comments:

"No foreign nation, no hacker, should be able to shut down our networks, steal our trade secrets, or invade the privacy of American families, especially our kids. We are making sure our government integrates intelligence to combat cyber threats, just as we have done to combat terrorism. And tonight, I urge this Congress to finally pass the legislation we need to better meet the evolving threat of cyber-attacks, combat identity theft, and protect our children's information. If we don't act, we'll leave our nation and our economy vulnerable. If we do, we can continue to protect the technologies that have unleashed untold opportunities for people around the globe."

The President's demand for action on the privacy rights for Americans spoke loudly but his silence on a number of key issues spoke just as loud. What concerns cyber security experts about Obama's State of the Union address is the need for more government involvement. These experts have concerns with what the Obama administration is proposing. The Electronic Frontier Foundation notes that many legislative ideas to push for more information sharing about breaches don't accomplish much and could invade Americans' privacy even further.

The president's final reminder has many concerned about how the administration will go about protecting your data from hackers or advertisers. The president has declared support for mandatory "back doors" in the encryption for apps and social media platforms so that the feds and law enforcement agencies can access anybody's data. What Americans are not aware of is that mandating back doors on encryption weakens the security of users' private data and exposes them to increased risk of hacking or fraud. The administration's demand to have access to our data makes it very difficult, if not impossible, to treat its concerns for our privacy seriously.

The administration began implementing there agenda earlier this month beginning with Illinois, the President's home state. The law, which went into effect January 1st 2015 now requires all users of social media sites, (Facebook, Twitter, Google+ etc.) to give up the passwords to there accounts if any of the children are suspected of participating in cyber bullying. This means that social media sites can't be protected. After the law went into effect Woodman Holdings and its developers began to discuss a [secure] social media exchange site for friends and family for its mobile encryption customers. Wham Inc. will keep the investment community informed on the development of this new [secure] social media site.

Company Update: Wham Inc. has successfully secured another $236,500 (USD) in a domestic and international private placement offering. That's a grand total of $722,500 (USD) in the past (3) three private placement offerings that the company has held. Management will begin to use these funds for the development and marketing launch of its [military] grade secure mobile encryption. The license agreement for the exclusive rights to the consumer version application is progressing and should conclude soon. Our kick-off campaign will begin after both boards agree to all the terms and conditions. Once the deal is signed and officially consummated Wham Inc. will begin to move forward with its much anticipated S-1 registration of its IPO.

Wham Inc. would like to thank all shareholders for all their support of the company throughout the launch of our brand and platform. As always, we will continue to keep the investment community informed about company announcements through its corporate website (whamcorp.us), social media network sites and accesswire press releases. Follow us on Accesswire, Twitter, Facebook and Google+.

About Us:

Woodman Holdings Asset Management Inc (WHAM Inc) is a diversified holdings company established for the purpose of investing in or acquiring businesses and distressed asset classes. We operate in four business areas: Investments, Proprietary Trading, Fine Art and Technology.

www.whamcorp.us

Forward-Looking Statement

This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

Contacts:

Wham Inc, Investors Relations Department: contact us via email at: investorrelations@whamcorp.us or for all general inquiries contact us via email at: info@whamcorp.us

SOURCE: Wham Inc.

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