IRVINE, CA / ACCESSWIRE / August 26, 2020 / Identillect Technologies Corp. (the "Company" or "Identillect") (TSXV:ID), a trusted leading provider of compliant email security, is pleased to provide a corporate update as Covid-19 continues to affect businesses throughout the world, and cyberattacks are on the rise.
The FBI recently reported that the number of complaints about cyberattacks to their Cyber Division is up to as many as 4,000 a day, a 400% increase from what they were seeing prior to the Covid-19 pandemic. Interpol is also seeing an "alarming rate of cyberattacks aimed at critical infrastructure." These attacks are targeting all types of businesses.
Since the onset of Covid-19, Identillect has experienced some customer loss, primarily due to business closure(s), but has more than offset these losses with growth in new verticals, such as medical and insurance services. Identillect is capitalizing on the growth in subscribers from the insurance services sector, by preparing to launch a promotion to 90,000 insurance agents represented by NAPA (National Association of Professional Insurance Agents).
Identillect also continues to focus on Bar Associations where it already represents 19 state bars. Identillect has been working with the state bars to inform their members of the benefits of using Identillect Technologies' Delivery Trust® proprietary e‐mail encryption technology. In coordination with the state bars, Identillect is about to launch a promotion to 280,000 bar members throughout the 19 state bars. Todd Sexton, the Company's CEO stated, "We are very excited to be working so closely with our state bars and are confident that these promotional efforts will result in a number of new Identillect subscribers prior to the end of fiscal 2020."
Identillect also wishes to announce that Gerald Hetrick has resigned from its Board of Directors. Identillect would like to thank Mr. Hetrick for his years of service to the Company.
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
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
Chief Executive Officer
Tel: (949) 468-7878
Email: [email protected]
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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.
SOURCE: Identillect Technologies Corp.