VirnetX Zero Trust networking technology implemented by Credit Union Advisor for ransomware protection

With Asgard’s Zero-Trust EverSafe Backup and Disaster Recovery Service

Posted: October 26, 2021 at 7:00 a.m. MDT|Update: 19 hours ago

ZEPHYR COVE, Nev., October 26, 2021 / PRNewswire / – VirnetX â„¢ Holding Corporation (NYSE: VHC), an Internet security technology and software company, today announced that the National Credit Union ISAO (“NCU-ISAO”), Improving Cyber ​​Resilience Credit Unions through information sharing, intelligence, operational advice and workforce training implemented VirnetX Zero Trust networking technology with backup and disaster recovery service Asgard’s Zero-Trust EverSafe for ransomware protection. EverSafe is built on the Zero Trust Networking Technology platform from VirnetX.

VirnetX Zero Trust Networking Technology with Asgard’s Zero-Trust EverSafe Backup and Disaster Recovery Service protects data backups, data in transit and data at rest on secure, separate and secure private domains. invisible from the public Internet, ensuring data integrity and availability.

Ransomware is the biggest threat to banking organizations with a 1,318% increase in year-over-year attacks from 2020 to 2021 and depends on the vulnerability of data backups for a successful attack to ensure the payment of ransoms. Secure backup and recovery capabilities are the last line of defense against ransomware. Additionally, zero trust security is now recognized as an essential part of any security strategy with 76% of organizations implementing zero trust security.

“We believe in VirnetX’s Zero Trust networking technology and we wanted to know more about how Asgard’s EverSafe solution could leverage it to create a secure, zero-trust backup solution,” said Brian hinze, director and vice-president of NCU-ISAO. “After implementing the solution at NCU-ISAO, the value of the product quickly became evident when we couldn’t see a visible path to our backups, as advertised. One of our trusted partners recently said, “You can’t hack what you can’t see,” and that’s certainly true in action. “

“VirnetX Zero Trust networking technology enables EverSafe to enhance Veeam’s best backup and restore platform with unmatched Zero Trust security providing the most secure data protection available anywhere for our customers,” said said the CEO of Asgard. Brian Waltermire.

About VirnetX

VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications, including 4G LTE and 5G security. The Company’s software and technology solutions, including its secure domain name registry and Gabriel Connection Technology â„¢, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging. , VoIP, smart phones, e-readers. and videoconferencing. The Company’s patent portfolio includes more than 190 issued patents in the United States and abroad, validations and pending applications. For more information, please visit http://www.virnetx.com/.

About the National Credit Union ISAO

NCU-ISAO’s mission is to enable and maintain the cyber resilience of Credit Union’s critical infrastructure and uphold public trust by advancing security coordination and collaboration to identify, protect, detect, respond and recover from threats and vulnerabilities. For more information, please visit https://ncuisao.org/.

About Asgard

Asgard is the leader in cloud backup and zero-trust data recovery solutions serving customers ranging from government municipalities to small businesses. Situated in New York, New York, Asgard leverages data centers around the world to deliver these much-needed zero-trust data recovery solutions to our valued customers, wherever they are. For more information, please visit www.asgardmsp.com.

Forward-looking statements

Statements in this press release that are not statements of historical or current fact, including the statement regarding VirnetX technology, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements forward-looking statements are based on expectations, estimates and projections, and certain assumptions made by management and involve known and unknown risks, uncertainties and other unknown factors that could cause VirnetX’s actual results to be materially different from historical results or any future results expressed or implied by such forward-looking statements, including, but not limited to, including but not limited to (1) the result of any legal proceedings which has been or may be initiated by VirnetX or which could be initiated against VirnetX; (2) the ability to capitalize on the patent portfolio and generate license fees and revenues; (3) the ability of VirnetX to successfully enter into licensing relationships with its target customers on commercially acceptable terms; (4) potential challenges to the validity of VirnetX’s patents underlying its licensing opportunities; (5) VirnetX’s ability to achieve widespread customer adoption of its Gabriel Communication Technology â„¢ and secure domain name registry; (6) the level of adoption of 3GPP Series 33 security specifications; (7) whether VirnetX patents or patent applications can be determined to be or become essential to any standard or specification in the 3GPP LTE, SAE or other project; (8) the extent to which specifications relating to any of VirnetX’s patents or patent applications can be adopted as a final standard, if any; and (9) the possibility that VirnetX may be adversely affected by other economic, business and / or competitive factors. The forward-looking statements contained in this document are also generally subject to other risks and uncertainties which are described from time to time in VirnetX’s reports and registration statements filed with the Securities and Exchange Commission, including those set out under the heading “Risk Factors” in VirnetX’s quarterly report. on Form 10-Q filed on August 6, 2021 and subsequent filings with the Securities and Exchange Commission, if applicable. Many factors which will determine the outcome of the subject matter of this press release are beyond the ability of VirnetX to control or predict. Except as required by law, VirnetX has no obligation to update any forward-looking statements after the date of this press release to conform with actual results.

Contact:
Investor Relations
VirnetX holding company
415.505.0456
[email protected]

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SOURCE VirnetX Holding Corporation

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