IRVINE, Calif., Dec. 12, 2017 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the "Company" or "Identillect") (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a leading provider of email security today announced its focus on being a solutions provider enabling companies to comply with the GDPR through Delivery Trust® and blockchain technology.
Europe’s General Data Protection Regulation (GDPR) is a new data privacy and security law that will be enforced as of May 25, 2018. The purpose of the GDPR is to give the European Union (EU) citizens greater control over how their personal data is collected, protected, and used. Under the GDPR rules, companies which suffer a data breach, thereby, exposing customer data to cyber criminals, will face stiff fines as well as strict new reporting rules.
Many Europeans, Americans, and Canadians possess minimal understanding of the GDRP regulations or its impact on their organization. Based on an IDC survey 78% of all companies are uneducated on the regulation and/or the knowledge of what the consequences for not complying are.
The GDPR regulation requires all businesses to conceal and encrypt all customer personal identifying data, limit the ways in which the data may be viewed, limit access to the data, and enable the proper destruction of the data. The housing of these personal identifiers within the blockchain ensures the integrity of the information. This is achieved in a hashed form of the information with the original information set being encrypted, ensuring absolute integrity and continuity.
The goal of the GDPR is to work toward the principals of digital self-sovereign identity where the user is the primary owner of their data. The distributed ledger technology utilized in blockchain gets us “closer than ever before to modes of digital identity in which the user is the primary owner of their data.”
Identillect’s CEO Todd Sexton was quoted, “The GDPR regulation is the next evolution on how we think about our digital footprint and the fiduciary responsibility of a business to protect client data. The use of blockchain technology will elevate the integrity of securing personal information to meet and exceed the fundamentals of the GDPR.”
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.
Todd Sexton
Chief Executive Officer
Tel: (949) 468-7878
Email: todd.sexton@identillect.com
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