IEX Group Assigned Patent

IEX Group, Inc., New York, NY, has been assigned a patent (11544388) developed by Bishop, Allison Breton, New York, NY, Cape, James Michael, San Francisco, CA, Park, Robert, New York, NY, Sanghvi, Prerak Pukhraj, and Yu, Lieting, Jersey, NJ, for “distributed parallel data protection system and method.”

The abstract of the patent published by the U.S. Patent and Trademark Office states: “A method and system operate to secure and efficiently manage data. The method includes performing steps such as generating independent keys corresponding to multiple portions of segmented data and utilizing the independent keys to encrypt the multiple portions of segmented data. The method additionally includes generating a master key, encrypting the independent keys with the master key, and storing each portion of the segmented data adjacent to the corresponding independent key in a data and key storage device. The method additionally includes segmenting the master key, thereby creating multiple master key segments and storing the multiple master key segments in disparate locations separate from the data.”

The patent application was filed on 2019-12-09 (16/708188).