Virnet Matrix™ Provides Bridgeport with
Increased Protection Against Ransomware and Malware Attacks
VirnetX Matrix™ to be Deployed Through
VirnetX's Partnership with Solution Synergy
ZEPHYR
COVE, Nev., March 29,
2023 /PRNewswire/ -- VirnetX Holding
Corporation (NYSE: VHC) ("VirnetX") today announced that the
City of Bridgeport, West Virginia,
has deployed VirnetX Matrix™ to safeguard the City's
internet-based applications, services and critical infrastructure
systems from cyberattacks and provide Bridgeport's employees, internal teams and
departments with private, single-click access to authorized systems
and applications.
VirnetX partner Solution Synergy identified the opportunity to
partner with the City of Bridgeport.
VirnetX Matrix™ provides an additional layer of
protection designed to prevent unauthorized access, enforce access
policy controls, and enable real-time network management to protect
cloud or on-premises applications from malware, ransomware and
other cybersecurity threats. Zero-Trust Network Access protection
and "single-click" technology are designed to make VirnetX products
more effective at preventing cyberthreats and more user-friendly
than other available products and services.
"In response to a ransomware attack in 2021, the City of Bridgeport began following the
Department of Homeland Security's Cybersecurity and Infrastructure
Security Agency's (CISA) best practices and services," said
Jesse Chaney, Director of
Information Technology at the City of Bridgeport. "Upon
review of CISA's Cybersecurity Performance Goals, we found that
VirnetX Matrix™ satisfies these goals by providing simple, secure
access to a protected network allowing our employees and police
department to conduct city business and respond to public safety
requests more quickly and securely. Since deploying Matrix,
Bridgeport has already experienced
positive financial, and efficiency impacts as well as increased
visibility within our networks. Matrix Zero-Trust Network Access
provides protection and effortless deployment without expensive
hardware upgrades."
"Today's threat landscape is intricate and evolving, prompting
enterprises like the City of
Bridgeport to seek barrier-breaking technologies to prevent
security threats," said Kendall Larsen, VirnetX CEO and
President. "We are pleased to provide a seamless solution
with VirnetX Matrix™, which is easy to deploy and provides an added
security "umbrella" without the need to replace existing systems or
internet access."
More on Department of Homeland Security's Cybersecurity
Performance Goals can be found here:
https://www.cisa.gov/cross-sector-cybersecurity-performance-goals
About City of Bridgeport, West
Virginia
City of Bridgeport, WV, is
described as a community where the residents of City of Bridgeport have managed to maintain
the small community atmosphere. The community is very
family-oriented and works together to provide advantages to area
youth. They are fortunate to have many community organizations and
businesses that volunteer their time, expertise, and money to meet
the needs of our diverse community.
About VirnetX
VirnetX Holding Corporation is an Internet security
software and technology company with patented technology for Zero
Trust Network Access ("ZTNA") based secure network
communications. VirnetX's software and technology
solutions, including its Secure Domain Name Registry and
Technology, VirnetX One™, War Room™, VirnetX Matrix™, and Gabriel
Connection Technology™, are designed to be device- and
location-independent, and enable a secure real-time communication
environment for all types of enterprise applications, services, and
critical infrastructures. The Company's patent portfolio includes
over 200 U.S. and foreign granted patents, validations and pending
applications. For more information, please
visit www.virnetx.com.
VirnetX One™ is a security-as-a-service platform that
protects enterprise applications, services, and infrastructure from
cyber-attacks using ZTNA. VirnetX One™ products address a
significant need across enterprises of all sizes, as hackers have
become more sophisticated, ransomware and malware more costly and
disruptive, and the use of corporate and other applications by
contemporary remote workforces has continued to rise.
VirnetX Matrix™ provides superior security for
internet-enabled enterprise applications and their connected
devices, and for control systems currently deployed by those
enterprises (e.g., file servers, data back-up systems,
VPN/firewalls). VirnetX Matrix™ provides ZTNA protection,
"single-click" ease of use, and is designed to be a highly
effective "security umbrella": its added layer of protection is
deployed simply, without the need for changes to an enterprise's
existing, in-place infrastructure.
War Room™ provides an industry leading, safe, and secure
video conferencing meeting environment where sensitive
communications and data is invisible to those unauthorized to view
it.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This press release should be read in conjunction with our Annual
Report on Form 10-K (the "Form 10-K"), which is expected to be
filed with the Securities and Exchange Commission before the close
of business on March 31, 2023.
Statements herein may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act").
These forward-looking statements are based upon our current
expectations, estimates, assumptions and beliefs concerning future
events and conditions, and may discuss, among other things,
expectations about products and product performance, expectations
about future cash distributions or dividends and the impact of
potential and ongoing litigation. Any statement that is not
historical in nature is a forward-looking statement and may be
identified by the use of words and phrases such as "anticipates,"
"believes," "estimates," "expects," "intends," "plans," "predicts,"
"projects," "will be," "will continue," "will likely result in" and
similar expressions. Readers are cautioned not to place undue
reliance on forward-looking statements. Forward-looking statements
are necessarily subject to risks, uncertainties, and other factors,
many of which are outside our control, and could cause actual
results to differ materially from such statements and from our
historical results and experience. These risks, uncertainties and
other factors include, but are not limited to risks detailed in our
filings with the Securities and Exchange Commission (the "SEC"),
including in our Quarterly Reports on Form 10-Q for the quarter
ended September 30, 2022, and other
filings and reports that we may file from time to time with the
SEC, including the Form 10-K. Readers are cautioned that it is not
possible to predict or identify all the risks, uncertainties and
other factors that may affect future results and that the risks
described herein should not be considered a complete list. Any
forward-looking statement speaks only as of the date on which such
statement is made.
For example, this press release refers to:
- The ability of VirnetX products to protect cities from cyber
and ransomware attacks.
- The effectiveness of VirnetX products regarding the prevention
of cyberthreats without negative financial and efficiency
impacts.
EXCEPT AS REQUIRED BY LAW, WE UNDERTAKE NO OBLIGATION TO UPDATE
OR REVISE ANY FORWARD- LOOKING STATEMENT AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR OTHERWISE.
Investor Relations
VirnetX Holding
Corporation
415.505.0456
ir@virnetx.com
Media Contact
Noe
Sacoco
noe@alanizmarketing.com
+1 408-340-8130
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SOURCE VirnetX Holding Corporation