IRVINE, Calif., Oct. 25, 2017 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a trusted leading provider of SaaS email security today announced another month of positive growth for September 2017. We have seen subscriber growth of 6 percent for the month of September over the past 8 month average.
Identillect CEO Todd Sexton stated, "We are seeing growth in all sectors of business. Security is no longer something you deploy as an afterthought or because you had allocated 3% of your budget, it is the veil of protection which allows you to continue doing business. It is the expectation business clients demand, not to mention the growing requirement of regulations like the General Data Protection Regulation (GDPR) which are changing the way businesses are required to secure client data.”
The security threats hitting around the world are creating the need to expand regulations such as the GDPR which is currently one of the most extensive pieces of legislation written protecting data privacy. This regulation is affecting 27 countries which comprise the European Union (EU) and all the countries which do business with EU companies. GDPR compliance -- and security best practices -- dictate that all data, regardless of whether it is at-rest or in-transit, should be encrypted to avoid data leaks in case of a security breach.
Gemalto released a study defining global data breaches for the first 6 months have hit a record number of 1.9 Billion data records exposed. These breaches were predominately from exterior malicious attacks making up 74% of all exposed records.
As the growing threat of cyber-attacks fuels the growth of the cyber security industry, the email encryption market will grow as well, estimated to be worth more than $4.21 Billion USD by 2020. Email-borne cyber-attacks are the second most common type of cyber security breach according to the Identity Theft Center, with the average cost of a data breach now estimated at more than $3.62 million.
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
On Behalf of the Board of Directors of:
IDENTILLECT TECHNOLOGIES CORP.
