October 31, 2017
Irvine, CA – Identillect Technologies Corp. (TSX-V:ID | OTCQB: IDTLF | Frankfurt: 8ID) (the “Company” or “Identillect”), a leading provider of email security today announced Mid Valley Ford, an automobile dealership in Dallas, Oregon, will implement Identillect’s email encryption tool, Delivery Trust™. The decision represents a proactive choice by the dealership to protect their customers Personal Identifying Information (PII).
According to a study by Helion Technologies, 75% of small and medium sized businesses with less than 500 employees (this includes most car dealerships) have experienced at least one security breach in the previous 12 months. Automobile dealerships distribute sensitive customer financial data which is the information used for identity theft.
“It’s a fact – hackers are getting more sophisticated in choosing their victims,” said Identillect CEO Todd Sexton. “They’re choosing industries to target based on customer demographics and their perceived lack of security. With bank account information, credit card numbers and the personal data of new car buyers available on their networks, dealerships must take proactive steps to protect this data.”
Delivery Trust™, which protects information in transit and at rest from cyber security threats, has been adopted by a growing number of small and medium sized businesses throughout North America. Dealerships are becoming more proactive as they know they are a target for cyber criminals. Delivery Trust™ is being implemented in a growing number of industries, because there is a need for email security tools when handling individual’s personal identifiers. Recent surveys not only found an increase in cyber-attacks on businesses but for car dealerships in particular, they also identified a huge loss in customer confidence when a breach occurs. A poll by Total Dealer Compliance found that 84 percent of car buyers surveyed would not return to a dealership that had been the victim of a data breach.
“Taking important cyber security measures against hackers, including email encryption, can be inexpensive compared with the amount of money a dealership can lose when a breach occurs,” said Sexton.
About Mid Valley Ford
Mid Valley Ford, is a Ford dealer in Dallas, Oregon offering new Ford Cars, Crossovers, SUVs, Trucks and Commercial Trucks and quality pre-owned used vehicles. Located 12 miles west of Salem, Oregon, and located in the central part of the Willamette Valley, Mid Valley Ford strives to be the “Lowest Cost Value Leader New Ford Dealer” in Oregon.
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
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
id@kincommunications.com
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This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
