Santa Clara, Calif. - March 13, 2000 - Perfecto Technologies, the leading developer of Web application security management software, today announced AppAudit, an innovative audit service which allows companies to assess the security of their Web sites. An audit conducted by Perfecto�s team of Web application security experts, AppAudit tests for application-level vulnerabilities which potentially put a Web site at risk for a variety of malicious hacker attacks.

"Prominent eBusinesses find it extremely important to provide assurance to their customers that their information is kept private and their transactions are protected," said Eran Reshef, Senior Vice President and Co-founder of Perfecto Technologies. "AppAudit�s high-level analysis of Web sites� security helps them deliver on that promise."

"Web sites are highly dynamic environments whose business value is rising dramatically," added Abner Germanow, Internet Security Research Manager at IDC. "Security must be addressed at every layer of the system on a regular basis, especially conduits to high value information such as Web applications. Strong Web sites enable business managers to trust the medium and deploy new strategic applications with confidence."

To provide the best possible security against hacker threats, it is essential that companies employ protection at the Web application level. According to Peter Tippett of ICSA, which provides objective, independent, Internet security assurance services, "Of the 5,000 hacking attempts ICSA monitored in the past 4 years, over half were apparently due to lack of Web application security, such as exploiting CGI scripts and Web forms."

Using advanced technologies, AppAudit tests for Web application vulnerabilities which may put a site at risk, such as: hidden manipulation, parameter tampering, cookie poisoning, stealth commanding, forceful browsing, backdoors and debug options, configuration subversion, buffer overflow and known third-party software vulnerabilities. Upon completion of the audit, Perfecto will generate a report detailing the vulnerabilities that were discovered and make recommendations for strengthening the security of the Web application in the future.

AppAudit is available immediately. Pricing begins at $15,000.

About Perfecto Technologies
Founded in 1997 and headquartered in Santa Clara, Calif., Perfecto Technologies pioneered the market for Web application security management software. AppShield, Perfecto's initial product offering, is the first to provide extreme security for customer-facing applications in dynamic eBusiness environments. The Company has customers in many sectors including banking, etailing, finance, government and healthcare. Privately held, Perfecto is funded by blue-chip venture capital firms and industry leaders, including Goldman Sachs, Intel Corporation, Sequoia Capital, The Sprout Group and Walden Israel. More information about Perfecto Technologies may be obtained by visiting the Company's Web site at www.perfectotech.com or by calling the Company directly at (408) 855-9500.

For Immediate Release
Contact:

Kevin Pedraja
Sterling Communications
(408) 441-4100
[email protected]