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/
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
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.
National Credit Union ISAO
VirnetX Holding Corporation
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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