Kelowna - Hilltop Cybersecurity Inc. (CSE: CYBX) (OTC: BGGWF), is pleased to announce that is has developed a cryptocurrency wallet protected by biometric security.
The prototype device uses Hilltop's patented biometric cryptocurrency security technology to protect and store crypto-coins and private keys in cold-storage. The new device is designed to combat the wave of attacks on cryptocurrency users and exchanges, which have resulted in thefts in the hundreds of millions. The biometric technology serves as the private key to asymmetrical keys, meaning that the device cannot be accessed without the users' biometric data (such as a thumbprint). Corby Marshall, CEO of Hilltop Cybersecurity, said, 'As cryptocurrency continues to grow, so does the intensity of criminal activity, as the recent $534M hack of NEM (XEM) shows. The industry has to embrace security if it is to thrive. Hilltop's biometrically-secured wallet is the result of our pioneering research and development in cryptocurrency security and a commitment to giving our customers enterprise cyber-security as opposed to point solutions.'
About Hilltop Cybersecurity
Hilltop Cybersecurity (CSE: CYBX) (OTC: BGGWF) is a cybersecurity and cryptocurrency security specialist. The Company has developed a unique, patented, cybersecurity platform, designed to protect businesses from external and internal cyber attack and has also patented its biometric security solution for crypto-currencies.
Certain statements included in this news release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management or the negative thereof or similar variations. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
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