More than 600 companies in 31 countries competed -- Mykonos is the Winner in Information Security, Recognized for Breakthrough Technology that Uses Deception to Prevent Attackers

BURLINGAME, Calif.--(BUSINESS WIRE)-- Mykonos Software, the leading provider of Web Intrusion Prevention Systems (WIPS), today announced that it has been awarded the 2011 Technology Innovation Award from The Wall Street Journal in the Information Security category. The award recognizes companies who have made technological breakthroughs in such areas as medicine, software, wireless and consumer electronics.

“The Mykonos Security Appliance uses deception to engage with hackers when they first visit a website, allowing us to identify them before the attack, track and profile them, and block their attempts to break-in,” said David Koretz, CEO of Mykonos Software. “We are honored to be recognized by The Wall Street Journal for our innovations, and are hard at work extending deception-based technology to continue delivering differentiated countermeasures to stop even the most sophisticated zero-day attacks.”

As described in The Wall Street Journal, the Mykonos Security Appliance “lures the hacker into a ‘honey pot’ – a trap that delivers false information, such as a list of bogus passwords, without compromising the secure parts of the site. The system then puts attackers through an increasingly complex set of ‘hoops and hurdles’ to test their skill level and to determine appropriate responses. Finally, the system tags attackers so that it can detect any future attempts to break into the website, even if the hackers modify their tactics.”

The awards committee recognized technologies that break with conventional ideas or processes and are most likely to have a wide impact on their fields in the future. Competition was especially intense this year with 605 entries representing companies in 31 countries and only six percent of entrants receiving an award. The group of 35 winners and runners-up in 16 categories included both start-ups and brand names such as IBM, Novartis AG, Intel Corp., Xerox Corp., Hewlett-Packard Co. and Yahoo Inc.

Mykonos will be presented The Wall Street Journal Technology Innovation Award at the Dow Jones VentureWire FASTech conference on November 8 in Redwood City, California. For more information, visit: www.fastech.dowjones.com

About Mykonos Software

Mykonos is the smartest way to secure Websites and Web applications against hackers, fraud and theft. Its Web Intrusion Prevention System (WIPS) uses deception to detect, track, profile and prevent hackers in real-time. Unlike legacy signature-based approaches, Mykonos is the first technology that inserts thousands of detection points to proactively identify attackers before they do damage – without any false positives. Mykonos goes beyond the IP address to track the individual attacker, profile their behavior and deploy counter measures. With the Mykonos Security Appliance, administrators are liberated from writing rules, analyzing massive log files or monitoring another console. Mykonos neutralizes threats as they occur preventing the loss of data and saving companies millions of dollars from fraud or lost revenue.

More information is available at www.MykonosSoftware.com. For sales information call toll free 1-877-88-WINGS, or email sales@mykonossoftware.com.

CONTACT:

Mykonos Software
Edward Roberts, 1-650-529-9000 ext. 1218
Director of Marketing
eroberts@mykonossoftware.com
or
Schwartz Communications
Jill Reed and Angela Lestar, 415-817-2500
mykonos@schwartzcomm.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Technology  Internet  Software  Security

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