SAN GERONIMO, Calif., May 16, 2011 (GLOBE NEWSWIRE) -- Paul Hogan, CEO of Virogen Inc. (Pink Sheets:VRNI),a technology holding company, commented today on the recent high profile data breaches of Epsilon and Sony Corporation, highlighting capabilities of the comprehensive encryption, tracking and liability protection solutions provided by its wholly-owned subsidiary, Tiger Team Technologies "T3."
During the month of April, severe data breaches were announced by Epsilon, the largest distributor of permission-based email in the world, and Sony Corporation. Epsilon revealed that millions of individual email addresses were exposed in an attack on its servers and while no other information was apparently compromised, security experts are warning users to brace for a tidal wave of more precise spear phishing attacks.
Also, Sony Corporation announced that the company experienced one of the largest ever Internet security break-ins as a massive breach in its video game online network led to the theft of names, addresses and possibly credit card data belonging to 77 million user accounts. Paul Hogan, CEO of Virogen, Inc., commented on T3's Auditrac and Encryptrac technology designed to provide the highest level of protection for email and data transmissions for large enterprises.
"Data security breaches of major corporations at the highest levels have recently come to the forefront of the public eye with the recent attacks on Epsilon and Sony among other companies. The truth is that data security and attacks of this kind have been increasing in frequency and severity for quite some time now, however most are not reported due to the sensitivity of data security. With these two high profile incidents, however, the public is becoming more aware of the catastrophic consequences that can affect not only the corporations that are breached but any consumer that has ever transmitted any of their personal information, including bank and financial information, online," commented Hogan.
T3 has created Encryptrac state of the art encryption methodology using the latest technology available. The Company is continuously updating its encyption technology to meet the needs of the most sophisticated requirements and specifications. T3 has also created Auditrac, which will identify all those accessing a file and or database and copy all files accessed and downloaded and or transmitted across the internet or an intranet. With Auditrac and Encryptrac, T3 offers virtually hackproof security for data at rest and transmissions in digital space.
"T3's Encryptac and Auditrac technologies provide a comprehensive data solution for large corporations such as JP Morgan Chase, Capital One, CitiGroup, and others that were affected by the Epsilon breach. Through our copyrighted proprietary technology, these solutions can ensure that these companies' emails and any data transmissions have an added layer of protection using the highest level of encryption and tracking technology."
"Not only do we provide state of the art encryption and tracking technology, but we are so confident of their ability to prevent attacks that we provide our clients with significant liability protection in the event that any of our software or hardware systems fail. This is significant for large enterprises that face tremendous lawsuits in the event of data breaches. In fact, at least 25 lawsuits have been filed against Sony in U.S. federal courts over the theft of user data from the PlayStation game network. These type of cyber attacks, severe leakage of consumers' personal information and subsequent lawsuits are all on a serious uptick. T3's solutions are equipped to provide the large enterprise market with tremendous value through security, tracking and peace of mind regarding these issues," added Hogan.
About Virogen, Inc.
Virogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies "T3," has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Virogen, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.
CONTACT: Investor Contact: Seal Point Consulting, LLC 267-364-5407 investors@sealpointconsulting.com