Irvine, CA – Identillect Technologies Corp. (TSX-V:ID | OTCQB: IDTLF | Frankfurt: 8ID) (the “Company” or “Identillect”), a trusted leading provider of SaaS email security today announced another month of positive growth numbers for July 2017. During the month of July, we saw another month of greater than 10 percent growth versus the average over the last 6 months.
Identillect CEO Todd Sexton stated, “There has been a significant change in the mindset of businesses to take proactive steps to secure their internal and external communications. This is primarily due to the significant change in regulations for many industries, including both state and federal regulations. With cyber-attacks at an all-time high, the growth for this industry seems to have no bounds.”
There were more than 15 million Americans who experienced identity theft based on a recent study released by Javelin Strategy & Research. Even more concerning is the fact that this cost Americans over $16 billion, and this figure is expected to increase throughout 2017.
The cyber security market is one of the fastest growing markets in technology. Breaches involving accidental email/internet exposure of information were the second most common type of breach incident reported by the Identity Theft Center. Global spending will cumulatively exceed $1 trillion dollars over the next 5 years, with cyber security damages predicted to reach $6 trillion globally by 2021 reported by CSO online. The need for advanced cyber security tools to prevent data breaches will only continue to increase with an estimated 4 billion individuals’ online requiring security by 2020.
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.
Chief Executive Officer
Identillect Technologies Corp.
Tel: (949) 468-7878
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