Document Security Systems Signs Master Distributor Agreement with Advanced Cyber Security

Document Security Systems (NYSEAmerican:DSS) announced the signing of an exclusive master distributor agreement with Advanced Cyber Security for distribution of their EndpointLockV solution in 13 countries.

As quoted in text release:

EndpointLockV software solves a worldwide security threat that has been instrumental in the early advancement of the biggest breaches of our time. This threat is known as keylogging spyware, which has become a main component in cyberattacks.  Until now, cyber security teams have not been successful in protecting against keyloggers, which are commonly downloaded as a result of clicking on an infected link inside an email, text or web page.  This practice of tricking unsuspecting victims into clicking on links that look legitimate is called “phishing”.  According to recent reports, “phishing was found in 90% of breaches and 95% of phishing attempts that led to a breach, were followed by software installation, including keyloggers.”

“Keylogging spyware has become a problem that is global in scope. It steals every keystroke typed into a PC or mobile device including login credentials, credit card and banking info and other sensitive data. The rapidly growing costs of cybercrime and the increasing rate of digital connectivity will drive the rate of spending in cyber security in the coming years.  DSS believes EndpointLockV is the missing link for credential and data protection,” said Mr. Fai H. Chan, CEO of DSS International.

SIZING UP THE MARKET
In the exclusive Asia and Australia market, DSS will be reaching nearly 2 billion people, including China and Hong Kong, which houses over 1.4 billion people alone^[2] and spends almost 25% more on cyber security than the global average.^[3]  According to the research group Gartner, “highly publicized data breaches such as Sing Health, which compromised the personal health records of nearly a quarter of the population in Singapore, reinforce the need to view sensitive data and IT systems as critical infrastructure.”^[4]  In a recent 2019 cyber report published by The Herjavec Group, researchers predict global spending on cyber security products to exceed $1 trillion cumulatively over the five-year period from 2017 to 2021.

Click here for the full text release.