Santa Clara, CALIF. — July 28, 2003 - Sanctum, Inc., the established leader in automated Web application security firewall and testing software, today announced the formation of the Sanctum Advisory Board. Charter members include Richard Clarke, former Cybersecurity advisor to the President; Frank Fanzilli, former Credit Suisse First Boston Global CIO; and Terry Benzel, former vice president of Advanced Security Research for Network Associates, Inc.

"The convergence of regulatory compliance, including current laws like SB1386 and upcoming legislation such as BASEL II in Europe, with the risk of identity theft and the overall explosion of Web content has resulted in the mandatory requirement for CEOs to be accountable for the security of all information residing on and behind their Web sites. We've made great strides in furthering the national agenda to make cybersecurity a top priority, but need to continue to look to innovative, proven products to better manage corporate security risk," said Richard Clarke. "Having followed Sanctum for the last two years, I'm pleased to be a part of elevating the business issue that we are so passionate about solving."

Sanctum has dominated the application security market with innovative technology for more than five years and remains the only vendor to deliver patented application security solutions for the entire application lifecycle. As Sanctum continues to deliver world-class solutions, the Advisory Board will play a key role in advising the executive team on emerging industry trends in the private and public sector, extending strategic business partnerships and offering feedback on future product directions.

"Our ability to attract leaders in the industry to advance Sanctum's goal of educating the market and delivering proven application security solutions is testament to both the serious nature of the widespread security threats we're facing today and Sanctum's proven leadership to help solve the problem. I look forward to working with this illustrious group to benefit our enterprise customers as well as further Sanctum's ongoing success with both our AppShield and AppScan product families," said Peggy Weigle, CEO of Sanctum.

The Sanctum Advisory Board members hold a two-year term. Members include:

Richard Clarke—An internationally recognized expert on security, including homeland security, national security, cybersecurity and counterterrorism, Clarke served the last three Presidents as a senior White House Advisor over a span of 11 consecutive years. Most recently serving as the top counterterrorism official and cybersecurity advisor to the President, Clarke was a driving force behind the development of the National Strategy to Secure Cyberspace. Prior to his White House years, Clarke served for 19 years in the Pentagon, the Intelligence Community and State Department. He is currently the Chairman of Good Harbor Consulting, LLC, and holds the position of on-air consultant for ABC News.

Frank Fanzilli—A recognized leader in IT and financial services, Fanzilli most recently served as the Global CIO and Managing Director at Credit Suisse First Boston (CSFB), from which he retired in 2002. During his nearly two decades of service at CSFB, Fanzilli played a central role in expanding and integrating CSFB's technology offerings, including: integrating CSFB's International IT operations and expanded processing to all major European exchanges; expanding the Firm's Global Trading and Settlement systems; launching CSFB's first global investment banking platform; and consolidating CSFB's far-reaching IT resources (including over 4,000 IT professionals and two billion in spending) into a single, unified global division. Prior to CSFB, Fanzilli spent five years at IBM where he managed systems engineering and software development for Fortune 50 accounts. He has also been recognized as CIO of the year by CIO Magazine.

Terry Benzel—Benzel has more than 20 years of experience in leading-edge information security research. As vice president of Advanced Security Research and Director of Network Associates, Inc. Labs, Benzel managed research efforts for the US government, including the Defense Advanced Research Projects Agency (DARPA), US Air Force, as well as several major commercial clients in high tech. She managed the revenue growth of NAI Labs over 40 percent from 2000 through 2002. Benzel is an advisor to government and industry on R&D strategy and roadmap development, providing guidance to the National Science Foundation, White House Office of Science Technology and Policy, Critical Infrastructure Assurance Office, Department Of Defense and industry alliances. She has testified before the House Committee on Science, and as Chair of the R&D Working Group of the Partnership for Critical Infrastructure Security, she was a significant contributor to the National Strategy to Secure Cyberspace.

About Sanctum, Inc.
Founded in 1997 and headquartered in Santa Clara, Calif., Sanctum, Inc. is the recognized leader for Web application security solutions. Sanctum software solutions provide automatic enforcement of intended business processes, ensuring the protection of core information and data. By detecting and defending against any unauthorized behavior, Sanctum protects customers against malicious cybercriminal activity-from theft of intellectual property and customer data, to e-commerce fraud and Web site defacement-even if a site has unknown security holes or flaws. Sanctum's solutions complete a company's security infrastructure, assure regulatory compliance and create sustainable ROI. Sanctum's customers include industry leaders in finance, retailing, healthcare, government and telecommunications. Privately held, Sanctum is funded by blue-chip venture capital firms and industry leaders including Sprout Group, Dell, Gemini Israel Funds, Fidelity Ventures, Wachovia Strategic Ventures Group, Mofet Israel Technology Fund and Walden Israel. For more information, visit www.SanctumInc.com or contact the Company directly at (408) 352-2000.

For Immediate Release

Contact:

Diane Fraiman
Sanctum, Inc.
(408) 352-2000
[email protected]

Tara Dugan or Annie Kim
(415) 512-0770
[email protected]