|By Marketwired .||
|April 16, 2014 08:37 AM EDT||
EDISON, NJ -- (Marketwired) -- 04/16/14 -- StrikeForce Technologies, Inc. (OTCQB: SFOR), a company that specializes in Cyber Security solutions for the prevention of Data Breaches and Cyber Theft, announced today that two of its key GuardedID marketing partners have experienced a dramatic 84% increase in sales during the first quarter of 2014.
"We are extremely pleased, but not surprised with the increase," says George Waller, Executive Vice President of StrikeForce, "since we have been preaching about the dangers of keyloggers for years, and have been telling everyone that they need to proactively encrypt data at the point of origin, when it's typed into any device, as well as while it's in motion. Unfortunately due to the latest barrage of breaches people are starting to be affected and get it."
"According to the 2013 Verizon Data Breach Investigations report, 69% of data breaches reported in the past three years were caused by malware, of which 89% were keylogging malware, which were used to successfully steal user credentials 98% of the time," continues Waller. "That's why protecting data at the point of origin and in motion is so critical. That's also why regulators like the PCI Council now require encryption for Data-in-Motion to be compliant."
"While the 84% increase in GuardedID sales is great for the bottom line, even though starting from nominal levels, what's even more exciting is that we are being solicited on a daily basis by new potential marketing partners that want to build our patented GuardedID Keystroke Encryption into their marketing programs and bundles. We see this as a positive financial opportunity for StrikeForce in 2014 that will build up over the year and go a long way in reaching our 2014 projections," says Mark L. Kay, CEO.
"In addition to our GuardedID Keystroke Encryption for PCs and now MACs, we have just launched our MobileTrust beta program which includes our GuardedID Keystroke Encryption mobile products for the keyboard and browser on all Apple or Android smartphones and tablets. Each of our marketing partners sees a real opportunity to bundle our patented keystroke encryption protection for both your PC and your mobile device," says Waller.
ABOUT STRIKEFORCE TECHNOLOGIES, INC.
StrikeForce Technologies, Inc. helps to prevent cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication and keystroke encryption solutions for desktops and mobile devices. StrikeForce Technologies, Inc. (OTCQB: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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