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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.
Tickers included in this excerpt:
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.
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