|By Marketwired .||
|September 10, 2013 12:15 AM EDT||
BOULDER, COLORADO -- (Marketwired) -- 09/10/13 -- As data security and privacy protection authorities tighten regulatory belts, eCrypt Technologies (OTCBB:ECRY) concentrates its business focus on enterprise clients with the imminent release of its patent pending enterprise level information security technology.
"We still very much believe that individuals have a right to privacy, and plan to pursue that segment of the market. " commented Brad Lever, eCrypt CEO. "But focusing our efforts today on enterprise and government prospects presents the most lucrative opportunities for the company and its stakeholders."
Regulations like HIPAA pose increasing challenges for organizations of all sizes. Companies are struggling to secure their networks and maintain compliance. On average, data breaches and subsequent fines and litigation cost a US business $534 million every year, the highest in the world according to the Ponemon Institute.
At 74%, the human factor is the most dominant contributor to data breaches. Originating from both internal and external sources, negligence and criminal intent pose the greatest threat to secure information systems. Conventional information security solutions place an incredible amount of onus on the end user. As such, they effectively render organizations vulnerable to their employees. eCrypt's solution was engineered with the mindset that a secure system imposes correct security decisions on its users, rather than relying on their intuition, and willingness to make them.
"eCrypt's solution is unrivaled in the market." Commented eCrypt Chairman, Curt Weldon. "Combined with access to placement opportunities within its target verticals, the Company is poised to become the go-to compliant information security vendor, in the homeland and abroad."
About eCrypt Technologies - eCrypt Technologies, Inc. is at the forefront of data security, specializing in military strength information security solutions for enterprise, government and military. eCrypt empowers organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat and other negative outcomes. eCrypt is the trusted first choice for those looking to keep their communications confidential.
eCrypt Technologies, Inc. (OTCBB:ECRY)
Safe Harbor Statement
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.