StrikeForce sues PhoneFactor, Fiserv and First Midwest Bancorp for patent infringement

Source: StrikeForce

StrikeForce Technologies, Inc. (OTCBB: SFOR.OB) announced today that it has initiated patent litigation against PhoneFactor, Inc., a subsidiary of Microsoft Inc., Fiserv, Inc., and First Midwest Bancorp, Inc. in the U.S. District Court for the District of Delaware in Wilmington, for infringement of United States Patent No. 7,870,599 (the "'599 Patent").

The '599 Patent, entitled "Multichannel Device Utilizing A Centralized Out-of-Band Authentication System (COBAS)," relates to several key technologies underlying a multichannel security system for granting and denying access to a host computer in response to a demand from an access-seeking individual and computer. The '599 Patent was granted by the United States Patent and Trademark Office on January 11, 2011. A reexamination certificate issued after a successful Ex Parte Reexamination concluded on December 27, 2011.

StrikeForce has retained Blank Rome LLP, a national law firm, to represent it in the litigation. "The engagement of a law firm of such quality and reputation to pursue infringement claims under our Out-of- Band patent further strengthens our ability to protect our Intellectual Property (IP), which we worked diligently for many years to develop," commented Mark L. Kay, CEO of StrikeForce.

There has been a sharp rise in cyber-attacks recently, especially with RSA being hacked in March of 2011.

This increase in cyber-attacks and the strengthening of regulations, such as the FFIEC in the financial market and HIPAA HiTech and Electronic Protected Healthcare Information (ePHI) in the healthcare market, are prompting an exponential increase in the use of Out-of-Band authentication. StrikeForce has initiated a program to protect its proprietary IP, which was invented by its current CTO based on his vast telecommunications experience. Mr. Kay stated, "In light of our having been granted the '599 Patent, and with increased activity in various markets by enterprises, government agencies and social media, StrikeForce will aggressively protect its patent. Therefore, we have filed today our first lawsuit designed to protect this critical StrikeForce asset, which is definitely increasing in importance with consistently troubling news about cyber-attacks and cyber thefts. We will take whatever action is necessary to protect our intellectual property rights and maximize shareholder value." 

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