Market Overview

Microsoft Litigation Lawsuit From StrikeForce Commences

Share:

StrikeForce Technologies, Inc. (OTC PINK: SFOR), announced today that it has initiated patent litigation against Microsoft Corporation for infringement of United States Patent Nos. 7,870,599, 8,484,698 & 8,713,701. The Out-of-Band Patents, 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 Patents were granted by the United States Patent and Trademark Office commencing on January 11, 2011. A reexamination certificate issued after a successful Ex Parte Reexamination concluded on December 27, 2011.

StrikeForce continues with 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-attack. This increase has led to a strengthening of regulations, such as the FFIEC in the financial global 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 security and telecommunications experience." Mr. Kay stated, "In light of our having been granted the '599 Patent' and two others, and with increased activity in various markets by enterprises, government agencies and social media, StrikeForce will aggressively protect its patents. Therefore, we have filed today this additional 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," says Kay.

 

Related Articles (MSFT)

View Comments and Join the Discussion!

Posted-In: News Legal

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com