Securify(SM) and AIG eBusiness Risk Solutions in Alliance to Manage Cyber Risks

Security Services Provider and Leading Insurance Company Help Connected

Businesses Reduce E-Commerce Risks



Apr 11, 2001, 01:00 ET from Securify, Inc.

    SAN FRANCISCO, RSA(R) Conference, April 11 /PRNewswire/ -- Securify, Inc.,
 a leading provider of security technologies and services for connected
 businesses, today announced an alliance with AIG eBusiness Risk Solutions, a
 division of the American International Companies and a leading provider of
 internet-risk and network security insurance.  The alliance will help
 enterprises better manage the costs and risks associated with e-commerce by
 offering organizations one-stop combined solutions for obtaining the insurance
 and security products and services they need to quantify, prepare for and
 reduce cyber risks.
     The alliance will make it easier for connected businesses to manage their
 risks by deploying Securify's SecurVantage managed security services together
 with AIG netAdvantageSuite of insurance coverages to achieve the appropriate
 level of protection.  Combining their best-of-breed services, the two
 companies will offer careful analysis of assets and threats, design and
 implementation of appropriate technical controls into a security architecture,
 assessment of the effectiveness of that architecture and the right level of
 underwriting to address the residual risk.  In addition, eligible
 organizations subscribing to Securify's services will receive discounts on the
 AIG netAdvantage Suite, while AIG netAdvantage insureds will receive discounts
 on Securify SecurVantage Services.  Securify and AIG eBusiness Risk Solutions
 will also engage in a variety of cooperative marketing and sales activities.
     "Corporate information security is best addressed as a risk management
 issue, and risk management for connected businesses should combine security
 expertise, technology and insurance to achieve the best cost/benefit balance,"
 said Taher Elgamal, president and CEO of Securify.  "We look forward to
 working with AIG eBusiness Risk Solutions to provide connected businesses with
 the comprehensive risk management solutions they need to achieve true
 information security."
     Securify's SecurVantage managed security verification services offer a new
 approach for enabling connected businesses to measure and manage the safety of
 their trust relationships with partners, suppliers and customers -- as well as
 employees -- as their networks become interconnected.  Employing an ongoing
 process of security policy review and updating, security policy compliance
 monitoring, incident planning and response, the service enables connected
 businesses to achieve the Quality of Security Service (QoSS) required to
 strengthen the safety of their extended networks.
     "AIG eBusiness Risk Solutions is leading the way in helping organizations
 limit their exposure to loss from new kinds of cyber risks, providing the
 insurance protection they need to conduct e-business with confidence," said
 Ty R. Sagalow, executive vice president and chief operating officer, AIG
 eBusiness Risk Solutions.  "Through our alliance with Securify, e-businesses
 now have a convenient way to institute comprehensive risk management to reduce
 their costs and risk as they embrace the new economy."
     Underwritten by AIG member companies, the netAdvantage Suite of products
 provides up to $25 million in coverage for exposures including Internet
 liability, web media/content liability, technology errors and omissions, first
 party loss and damage to data and e-revenue business interruption due to
 computer attacks.  In addition, the netAdvantage suite provides clients access
 to the AIG eBusiness Risk Solutions' Technology Alliance, a roster of leading
 technology and network security companies.  Insureds also have access to the
 Technology Panel Counsel, a pre-approved roster of the nation's premier law
 firms specializing in emerging legal issues related to intellectual property
 law and high-technology issues, for legal defense against technology-related
 claims.  For information, please go to www.aignetadvantage.com.
 
     About American International Group, Inc.
     AIG is the leading U.S.-based international insurance and financial
 services organization and the largest underwriter of commercial and industrial
 insurance in the United States.  Its member companies write a wide range of
 commercial and personal insurance products through a variety of distribution
 channels in approximately 130 countries and jurisdictions throughout the
 world.  AIG's global businesses also include financial services and asset
 management, including aircraft leasing, financial products, trading and market
 making, consumer finance, institutional, retail and direct investment fund
 asset management, real estate investment management, and retirement savings
 products.  American International Group, Inc.'s common stock is listed on the
 New York Stock Exchange, as well as the stock exchanges in London, Paris,
 Switzerland and Tokyo.
 
     About Securify, Inc.
     Securify technologies and services help connected businesses reduce their
 security risks and improve their trust relationships.  The Securify
 SecurVantage suite of managed security services quantifies the Quality of
 Security Service (QoSS) for cost effectively managing overall network security
 across an Intranet as well as between e-business partners.  Securify Access
 Management Services offer consulting and integration assistance that
 simplifies the deployment of cost-effective, vendor-neutral enterprise
 authentication and access management solutions.  Securify customers include
 major financial institutions, healthcare agencies, managed service providers
 and other Fortune 1000 organizations.  Securify has built a world-class staff
 of qualified network security, authentication and access management
 specialists to provide customers with a high level of expertise to augment
 existing resources.  The company has its headquarters in Mountain View, CA.
 For more information, please call 650-812-9400 or visit the Securify Web site
 at www.securify.com.
     NOTE:  Securify is a registered service mark of Securify, Inc. All other
 trademarks, service marks and company names are the property of their
 respective owners.
 
 

SOURCE Securify, Inc.
    SAN FRANCISCO, RSA(R) Conference, April 11 /PRNewswire/ -- Securify, Inc.,
 a leading provider of security technologies and services for connected
 businesses, today announced an alliance with AIG eBusiness Risk Solutions, a
 division of the American International Companies and a leading provider of
 internet-risk and network security insurance.  The alliance will help
 enterprises better manage the costs and risks associated with e-commerce by
 offering organizations one-stop combined solutions for obtaining the insurance
 and security products and services they need to quantify, prepare for and
 reduce cyber risks.
     The alliance will make it easier for connected businesses to manage their
 risks by deploying Securify's SecurVantage managed security services together
 with AIG netAdvantageSuite of insurance coverages to achieve the appropriate
 level of protection.  Combining their best-of-breed services, the two
 companies will offer careful analysis of assets and threats, design and
 implementation of appropriate technical controls into a security architecture,
 assessment of the effectiveness of that architecture and the right level of
 underwriting to address the residual risk.  In addition, eligible
 organizations subscribing to Securify's services will receive discounts on the
 AIG netAdvantage Suite, while AIG netAdvantage insureds will receive discounts
 on Securify SecurVantage Services.  Securify and AIG eBusiness Risk Solutions
 will also engage in a variety of cooperative marketing and sales activities.
     "Corporate information security is best addressed as a risk management
 issue, and risk management for connected businesses should combine security
 expertise, technology and insurance to achieve the best cost/benefit balance,"
 said Taher Elgamal, president and CEO of Securify.  "We look forward to
 working with AIG eBusiness Risk Solutions to provide connected businesses with
 the comprehensive risk management solutions they need to achieve true
 information security."
     Securify's SecurVantage managed security verification services offer a new
 approach for enabling connected businesses to measure and manage the safety of
 their trust relationships with partners, suppliers and customers -- as well as
 employees -- as their networks become interconnected.  Employing an ongoing
 process of security policy review and updating, security policy compliance
 monitoring, incident planning and response, the service enables connected
 businesses to achieve the Quality of Security Service (QoSS) required to
 strengthen the safety of their extended networks.
     "AIG eBusiness Risk Solutions is leading the way in helping organizations
 limit their exposure to loss from new kinds of cyber risks, providing the
 insurance protection they need to conduct e-business with confidence," said
 Ty R. Sagalow, executive vice president and chief operating officer, AIG
 eBusiness Risk Solutions.  "Through our alliance with Securify, e-businesses
 now have a convenient way to institute comprehensive risk management to reduce
 their costs and risk as they embrace the new economy."
     Underwritten by AIG member companies, the netAdvantage Suite of products
 provides up to $25 million in coverage for exposures including Internet
 liability, web media/content liability, technology errors and omissions, first
 party loss and damage to data and e-revenue business interruption due to
 computer attacks.  In addition, the netAdvantage suite provides clients access
 to the AIG eBusiness Risk Solutions' Technology Alliance, a roster of leading
 technology and network security companies.  Insureds also have access to the
 Technology Panel Counsel, a pre-approved roster of the nation's premier law
 firms specializing in emerging legal issues related to intellectual property
 law and high-technology issues, for legal defense against technology-related
 claims.  For information, please go to www.aignetadvantage.com.
 
     About American International Group, Inc.
     AIG is the leading U.S.-based international insurance and financial
 services organization and the largest underwriter of commercial and industrial
 insurance in the United States.  Its member companies write a wide range of
 commercial and personal insurance products through a variety of distribution
 channels in approximately 130 countries and jurisdictions throughout the
 world.  AIG's global businesses also include financial services and asset
 management, including aircraft leasing, financial products, trading and market
 making, consumer finance, institutional, retail and direct investment fund
 asset management, real estate investment management, and retirement savings
 products.  American International Group, Inc.'s common stock is listed on the
 New York Stock Exchange, as well as the stock exchanges in London, Paris,
 Switzerland and Tokyo.
 
     About Securify, Inc.
     Securify technologies and services help connected businesses reduce their
 security risks and improve their trust relationships.  The Securify
 SecurVantage suite of managed security services quantifies the Quality of
 Security Service (QoSS) for cost effectively managing overall network security
 across an Intranet as well as between e-business partners.  Securify Access
 Management Services offer consulting and integration assistance that
 simplifies the deployment of cost-effective, vendor-neutral enterprise
 authentication and access management solutions.  Securify customers include
 major financial institutions, healthcare agencies, managed service providers
 and other Fortune 1000 organizations.  Securify has built a world-class staff
 of qualified network security, authentication and access management
 specialists to provide customers with a high level of expertise to augment
 existing resources.  The company has its headquarters in Mountain View, CA.
 For more information, please call 650-812-9400 or visit the Securify Web site
 at www.securify.com.
     NOTE:  Securify is a registered service mark of Securify, Inc. All other
 trademarks, service marks and company names are the property of their
 respective owners.
 
 SOURCE  Securify, Inc.