"As a concerned citizen of the information-centric community, Exobox is providing a free service to report suspected, unauthorized data leaks.
We will follow up on the tips with our proprietary data leak detection system and report back to those who have reported the issue," said Gary Leibowitz, senior vice president of sales and marketing for Exobox Technologies. "Exobox is committed to delivering information risk management and security solutions that protect an organization's most valuable data and information assets, the Exobox Data Watchdog Program supports this commitment."
While the rise in social media has revealed new vulnerabilities in personal and company information, Exobox officials also believe that Web 2.0 channels can be used as tools to report suspected data leaks.
In addition to the new Data Watchdog Facebook page, Exobox is using its corporate website and Twitter account, www.twitter.com/Exobox_Security, to inform executives, governance, compliance, and security professionals of issues that create data leaks, including gaps in business security policies, and how organizations can mitigate their risk for data leak exposure.
Companies lose billions every year to business security breaches - many of which violate federal guidelines and regulatory requirements - with the average cost per incident estimated at more than $1 million (USD).
While a recent Forrester survey of 253 global IT professionals and security decision makers in companies around the world, conducted on behalf of McAfee, revealed that data leak protection (DLP) ranks high on the list of concerns and ignores the security of data channels outside the enterprise.
Recent research related to new product development by Exobox Technologies reveals that confidential information about corporations and individuals is being leaked into unauthorized territory in pandemic proportions despite strict company policies, regulations, and legislation that require organizations to safeguard such information - a symptom of not securing data channels beyond the enterprise to include "data in the wild".
The technology used for investigation purposes of the Exobox Data Watchdog Program is Exobox's SaaS data leak detection software solution, ExoDetect, scheduled for commercial product launch by the end of second quarter 2009.
Exobox Technologies Corp. develops information risk management and security solutions that help organizations protect and recover their most valuable information assets. It is committed to its vision to create a more secure environment for the information-centric community through the development of new technologies and security services.
Exobox was founded in 1999 and is headquartered in Houston, Texas. For more information on Exobox, visit www.exobox.com.
Exobox, the Exobox logo, and ExoDetect are trademarks of Exobox Technologies Corporation. Other company and product names may be trademarks of their respective owners.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934.
Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding and others set forth in the Company's report on Form 10-K for fiscal year 2009 filed with the Securities and Exchange Commission.