Cloakware to Feature Information and Tools to Eliminate Privileged Password Management Risks at SIFMA Conference 2008.

Creates Password Management Path Forward for Financial Services Organizations

VIENNA, Va. -- Cloakware Inc., the security solutions provider that makes security inseparable from software, today announced that it will be exhibiting at SIFMA's 28th Annual Technology Management Conference & Exhibit, taking place June 10-12, 2008 at the Hilton New York. Joining Cloakware in its booth is partner Wipro Technologies, the global IT services business of Wipro Limited. This annual event explores the critical technology issues facing the securities industry today and the latest innovations, technology and solutions designed to meet the cyber security needs of any organization.

Who: Representatives from Cloakware and Wipro

What: SIFMA's 28th Annual Technology Management Conference & Exhibit

When: Tuesday, June 10 through Thursday, June 12, 2008

Where: Hilton New York, 1335 Avenue of the Americas (Booth #4500)

For more information about the conference visit: http://events.sifma.org/2008/107/event.aspx?id=526.

At the conference, Cloakware will feature the latest version of Cloakware Server Password Manager (CSPM), the industry's first Shared Account Password Management (SAPM) solution to eliminate risks associated with privileged passwords and passwords hard-coded into applications that reside on unattended servers. Company representatives will explain:

- The magnitude of the privileged password management threat in the datacenter.

- How privileged password management relates to regulations such as Sarbanes-Oxley and PCI DSS.

- How unmanaged privileged passwords create often-overlooked operational and audit costs.

- Why de-provisioning administrative users with automated tools can eliminate unexpected security risks and costs.

"Financial services organizations are under regulatory audit pressure to improve the security of their customer data, yet as recent headlines suggest, weak password management still plagues these companies," said Rob Grapes, CTO for CloakwareDatacenter Solutions. "Together with our partner Wipro, we are providing conference attendees with a proven and cost-effective way to create or improve their password management plan, minimize risk and comply with industry and government regulations."

About Cloakware

Cloakware, an Irdeto company, is the security solutions provider that makes security inseparable from the software it protects. From applications and databases in corporate data centers, to PCs and consumer devices such as mobile phones and set-top boxes, software applications need to protect themselves from unauthorized user access and tampering. Cloakware's patented, layered, and compliance-driven approach to software self-protection delivers the trusted environment that the government, enterprise and consumer markets require. Cloakware's software security solutions protect more than one billion shipped applications and the assets of some of the world's largest, most recognizable and technologically advanced companies. The company is headquartered in Vienna, VA with offices in Ottawa, Canada and the UK, and regional sales offices throughout the US. For more information, please go to www.cloakware.com.