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SANTA BARBARA, CA, July 29, 2020 /24-7PressRelease/ -- Netlok LLC, a cyber software company, has developed Photolok, an API that solves the need for a passwordless Identity and Access Management (IAM) system. Photolok replaces passwords with proprietary-coded photos that prevent login attacks from BOTS, keyloggers, as well as minimize vertical and horizontal penetrations.
Photolok has been integrated with OAuth to send secure tokens. In addition, it has been vetted by a third-party security assessment team and white hat attackers to meet the programming security requirements for NIST, CCPA, and HIPPA.
Photolok's greatest strength is usability. End-users find it simple, easy to use and, in many cases, fun because they can emotionally connect to the photos.
The OCMX™ is pleased to announce the listing of Netlok LLC to its online portal which offers Investors and Advisors the ability to participate in this opportunity.
The OCMX™ has spent considerable time completing its due diligence on Netlok LLC and concluded that there is indeed a tremendous opportunity for Investors and Advisors.
The OCMX™ noted that Netlok LLC exhibits the main components of any solid investment opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
The virus has forced companies to have employees work from home to avoid mass infections of their employees. Since homes do not have the same security levels as corporate offices, companies are looking for better means of cyber security to protect company and customer data. This situation has accelerated the need to find a better entry system to replace passwords and, therefore, increases the need for innovative, user-friendly solutions. Photolok is the solution.
2. Facial Recognition losing ground with influencers
Facial recognition was a leading competitor in the replacement of passwords for Identity and Access Management (IAM). However, due to privacy concerns, IBM, Amazon, and Microsoft have decided to re-evaluate their interest in facial recognition. Since Photolok minimizes personal data exposure, this action by industry leaders enhances Photolok's potential to replace passwords for IAM.
3. Governments are penalizing businesses for break-ins and theft of personal data
Intentionally governments are imposing fines to protect privacy and personal data from large scale penetrations where millions of accounts are compromised – e.g., EU GDPR, California Consumer Privacy Act and others. Until governments started to take this action, the vast majority of companies and Boards of Directors ignored the cybersecurity issue. For Photolok, more businesses are now open to innovative solutions and realize they have to pay for security applications.
4. High tech companies lead the charge to eliminate passwords
The growth of ransomware and other attack methods that begin with cracking passwords strengthens the effort to replace passwords, which opens the door to innovative solutions like Photolok.
Anthony "Tony" Perez, Founder, Chairman and CEO
Mr. Perez is a visionary and became intrigued with cyber-technology and the growing issues around security and privacy. In an online world where large-scale, devastating hacking events were becoming commonplace, his research pointed out that passwords needed to be replaced with a user-friendly passwordless login. He created a unique photo authentication technology (called Photolok®) that replaces passwords with greater online security, including the ability to give the user situational security.
In July 2017, Mr. Perez received his first US Patent dealing with cybersecurity and, in 2018, his second US Patent for his photo-based authentication technology (branded as Photolok). In October 2017, Netlok started to receive innovation awards for its state-of-the-art authentication. Today Photolok is serving as a foundation for positioning Netlok LLC as a leading company in Identity and Access Management (IAM) and password replacement.
Mr. Perez received his Bachelor's degree in Political Science from California State University in Los Angeles and dual Masters degrees in Public Administration and Healthcare Administration from the University of Southern California where he also focused on Future Studies. He is an insightful, engaging, dynamic and passionate speaker on cyber-security, and his TEDx talk entitled "Black Hats Rising" has gained an enthusiastic response.
Chris Sherman, Co-Founder and CFO
Chris brings directly relevant experience in the security industry through his work with Inter-Con Security Systems, one of the largest privately held security companies in the world. During his eight years with the company he served as COO, CFO and CAO. He worked with clients at the federal and state government levels, including the U.S. Department of State and a number of non-US government embassies. He worked with Pacific Enterprises (now Sempra Energy), which was the parent of the largest natural gas distribution company in the U.S. He spent 13 years with the company serving in a variety of leadership roles including President of Pacific Energy, an alternative energy company, and President of Pacific Enterprises International, an international energy development company.
Chris also served as Executive Vice President of IndyMac Bank and was responsible for the Global Resources Group, which conducted the bank's sizable offshoring programs, non-traditional workforce, and talent acquisition functions. He then joined InfrastructureWorld, where he led the company's CleanTech business and financing and investing activities primarily outside the U.S. Sherman also spent 7 years at McKinsey & Company where he focused his work on corporate strategy.
Chris holds a Bachelor of Science degree with Honors in Economics from Purdue University and an MBA from Harvard Business School. He has served on a number of corporate and non-profit boards.
Keith Roberts, CTO
Over a 20 year career, Keith has been involved in developing complex systems for commercial, military, startups, and financial institutions. As a lead developer and architect, Keith has been instrumental in designing overall system architecture to handle high transaction volumes, integrity of data and maintainable infrastructure. He has extensive experience with enterprise systems, API design, queuing, server-push, cryptography and security.
— Senior architect for mello, a next generation lending platform which modernized digital mortgage operations for the 5th largest mortgage lender in the US.
— Led architecture for Loanz, bringing to market a highly automated, cloud based loan origination platform from scratch in 6 months. Within months of launch, Loanz had originated over $1 million in loans.
— Designed cloud based architecture for a massive volume loT solution for building management and fire detection systems. Created a now patented security and cryptography system for securing data between the low-powered devices and the cloud. (US Patent 10,601,823: Machine to-machine and machine to cloud end-to-end authentication and security)
— Re-architected a retail RFID system to address scalability, performance, and reliability problems. Redesigned and rewrote large parts of the product to allow it to scale from a single store to thousands of stores worldwide, resulting in the sale of the company to Tyco for $43m. This system is now the world's largest retail RFID in operation today.
Keith holds a BS in Computer Science from California Polytechnic University, Pomona, Magna Cum Laude
Jessica Robinson, Board Member
Jessica Robinson, Founder and CEO of PurePoint International, helps CEOs prevent data breaches by bridging the gap between physical and cybersecurity. PurePoint is the #1 security company of choice for women-led and/or owned businesses globally and is the winner of the JCI Philippines-New York ICON of IMPACT Award for International Affairs and Women's Security.
PurePoint International provides consulting focused on creating a safe and empowered workplace for insurance companies, financial services companies, credit unions, global middle market companies, and international non-profits with $150M – $500M in revenue. Jessica is co-author of the #1 Amazon best seller "Mission Unstoppable" with George Fraser and Les Brown.
Jessica has spoken at the number of conferences, including Social Venture Network Conference, Women in Tech East Coast, Cyber Summit USA-NYC, Women of Silicon Valley, TriBeCa Film Festival Anti-Summit, Lesbians Who Tech + Allies, Women's Economic Forum, The Hague, Filipino Press Club NYC, AICPA, ACEDS Conference, United Nations, U.S. Capitol, Microsoft, NAWBO-NYC, IAMCP – Women in Tech, ISACA – NYC, and has written articles for various publications, including Security Director Magazine.
Jessica has been featured in BBC, CNN, Mother Jones and interviewed by numerous talk shows, radio shows and podcasts and is a Women's Media Center SheSource Expert. Ms. Robinson is a member of various security and IT related industry associations.
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