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Company Interview Excerpt
AKIO SAKAMOTO - IPLocks INC


Full article published: 05/13/2005


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TWST: What is IPLocks?
Mr. Sakamoto: IPLocks was founded in the year 2002 to help companies' secure, confidential information from corruption, theft and misuse. We are still a privately held company with over 65 employees worldwide, headquartered in San Jose, and we have branch office subsidiaries in Tokyo and London. We have over 100 customers around the world today. Since early 1990, companies have deployed perimeter network security to protect data from attacks by external malicious people. Now, the doors to your corporate network and each domain are pretty secure. I thought in 2002, what do you want to protect the most in your corporate network? For me, it is obviously the database, which stores almost all of the mission critical information at any company. I discovered that data and the information in your database are not protected from malicious change, information theft and corruption, especially from authorized users, including when authorized user names and passwords are stolen and accessed from outside and appear to be an authorized user. There was no software or appliance to monitor these problems - such as malicious change, information theft and data corruption in your database. If data is maliciously changed or corrupted, when the end-user uses the data, he/she might find out that the data is maliciously changed or somehow data is corrupted. If money is stolen from your wallet, it disappears so you know the money has been stolen. If information is stolen; however, you often do not know that the information has been stolen because information is just copied. The information still exists in your database; therefore, this is a big issue. IPLocks solves the problems of information theft, data corruption and malicious changes by detecting suspicious data access, suspicious changes to behavior and data. This is IPLocks' core technology. IPLocks provides a software solution to automate information risk management by cost effectively protecting against abused valid user permissions, automating database vulnerability assessments, actively monitoring for inappropriate select and change statements, auditing for negligence [JT1]and malicious user behavior and deterring similar security breaches. IPLocks protects against financial loss, intellectual property theft, identity theft, fraud and legal exposure. IPLocks is getting a lot of attention because of the recent database breaches like ChoicePoint, LexisNexis, UC Berkeley, AOL, DSW and others. Also, people are starting to understand the need for a balanced security portfolio - which consists of network security (perimeter) and information security (intellectual property in the database).[JT2] Recently we've started to see a few competitors, especially in the areas of database vulnerability assessment and auditing. We have not seen any competitors who provide real time monitoring which is important to identify information theft, malicious changes, data corruption and so on. IPLocks provides an external, independent and total security solution for information risk management in your database. That is IPLocks.

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.