SAN DIEGO, March 07, 2023 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”), is further developing through GBT Tokenize LLC (“GBT Tokenize”) its Avant! AI technology with the goal of performing cybersecurity threat modeling. GBT holds 50% of the outstanding securities of GBT Tokenize. GBT Tokenize intends to train Avant! to analyze applications with the objective of identifying security requirements, pointing out threats and potential vulnerabilities, quantifying critical threats/vulnerabilities, and prioritizing remediation methods.
Cybersecurity threat modeling and secure design are critical components of a comprehensive approach to secure software and systems. Threat modeling involves identifying potential security threats and vulnerabilities in a system or application and analyzing the likelihood and potential impact of each threat.
This helps to identify potential attack vectors and provides a framework for prioritizing security measures based on the potential risk. Integrating threat modeling and secure design into the application development process, enables organizations to ensure built-in cyber security into their systems from the ground up. This can help minimize the risk of data breaches, cyberattacks, and other security incidents, and assist protecting sensitive data, intellectual property, and other valuable assets.
Threat modeling and secure design are also important key factors for compliance with industry standards and regulations, such as the Payment Card Industry Data Security Standard (PCI DSS), the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA).
“We believe GBT Tokenize’s Avant! platform can be a comprehensive system to perform software applications threat modeling. Avant! is aimed to perform threat modeling early during the application design stages, before writing any line of code. It is planned to include a breakdown of processes, databases, data flows, and trust boundaries.
Our goal is for it to enable defenses mechanisms development for authentication, data protection, confirmation, confidentiality, availability, and authorization. Because it understands structured and unstructured data, it could be trained to identify advanced attacks, analyze situations in real-time, and provide remediation. We believe this can help minimizing the risk of data breaches, cyberattacks, and other security incidents, and assist protecting sensitive data, intellectual property, and other valuable assets.
Further, our goal will be to manage encryptions, access control, authentications, and backup/recovery operations to ensure continuous, smooth operations. Since cyber threats are an evolving landscape, it is imperative to maintain a constant updates and attention to maintain efficient security measures. We believe Avant! technology offers the next generation of cybersecurity agents to ensure security controls and policies are being properly implemented and enforced” provided Danny Rittman, the Company’s CTO.
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) ( https://gbtti.com ) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software.
Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology.
The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.
Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov ).
In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.
The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release.
Dr. Danny Rittman, CTO
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