AlgoSec Streamlines Firewall Risk and Operations Management for St.George Bank

RESTON, VA and SYDNEY, AUSTRALIA--(Marketwire - March 10, 2008) - Leading Australian financial institution St.George Bank today said that it has selected the AlgoSec Firewall Analyzer (AFA) to ensure business continuity while heightening security and optimizing operations. AlgoSec, the leading provider of firewall operations and security risk management solutions, is providing St.George Bank unprecedented insight and analysis into their firewall configuration.

St.George is Australia's fifth largest retail bank and one of the top 20 publicly listed companies in Australia, employing over 9,000 people. Its national operations span all aspects of the financial industry including retail banking, institutional & business banking, and wealth management. At the Bank's core is a close relationship with its customers. For St.George providing uninterrupted service while ensuring the utmost security is critical. It turned to AlgoSec for automatic and continuous audit of their firewall infrastructure to ensure business continuity and maximum security.

"Maintaining the security of our information is our utmost concern," said Greg Booker, St.George's General Manager, Architecture & Planning. "At the same time, we equally strive to provide our customers with the highest level of service. To do both, we are continuously seeking solutions to bolster our security posture while enhancing our ability to service our customers. With AlgoSec we have unparalleled insight into our firewall infrastructure and we know exactly what changes are being made, by whom and what the impact of those changes are from a risk and operations perspective. The AFA is not only meeting our expectations, it is exceeding them."

AlgoSec Firewall Analyzer solutions are being used by enterprise customers worldwide to provide risk management, change management, automated continuous audit, policy optimization and security compliance in easy to deploy and use offerings. The software solutions do this by delivering unmatched analysis, visibility and intelligence into an enterprise's complex firewall configuration and policy.

"We are pleased that a leading financial institution like St.George has selected the AlgoSec Firewall Analyzer to provide their IT and security personnel with critical information and analysis that will allow them to remain secure, compliant and continuously optimize their infrastructure," said Yuval Baron, AlgoSec's CEO. "St.George's selection is yet another validation of the AFA's ability to allow organizations to easily and quickly streamline their firewall operations management process while ensuring the utmost security."

About AlgoSec

AlgoSec provides advanced firewall operations and security risk management solutions for enterprises. Global 2000 organizations around the world are using AlgoSec's market leading software to analyze, audit and certify firewall and router ACL policies, and for change management, security compliance and policy optimization. AlgoSec offers IT security and operations personnel unparalleled visibility and guidance to ensure their firewall policies are secure and comply with corporate and government-mandated policies while adhering to industry best practices.

AlgoSec Inc., Algorithmic Security, AlgoSec Firewall Analyzer and the AlgoSec logo are trademarks of Algorithmic Security Inc. All other trademarks are property of their respective holders. For more information about AlgoSec visit: www.algosec.com

Contact Information: Media Contacts: Dave McKee or Shweta Agarwal Schwartz Communications 781-684-0770