Application Security, Inc. and Visa International Form Strategic Global Alliance

Market Wire, October, 2004

Application Security Inc. (www.appsecinc.com), the leading provider of proactive database security solutions, today announced that it has entered into a two-year, global strategic alliance with Visa International, the world's leading payments brand. The partnership will provide Visa, financial institutions and merchants with access to the latest advancements in database security technology to protect the privacy of critical enterprise information.

In production at more than 200 organizations around the world, AppSecInc's products are the most comprehensive and widely deployed database security solutions in the industry. The company offers AppDetective, AppSecInc's flagship product, a network-based vulnerability assessment scanner that discovers, assesses, and protects database applications. AppRadar, a real-time database intrusion detection and auditing solution, complements AppDetective's proactive hardening by offering organizations real-time protection. The last line of defense, DbEncrypt (winner of Secure Enterprise's Testers Choice Award), transparently encrypts the most sensitive data at the column level on the production database.

"Whether a business is processing financial transactions or storing customer data, databases are the life-blood of most any organization," said Sarah Perry, senior vice president of Strategic Ventures at Visa International. "Because of this, databases demand dedicated security measures. We're pleased to be working with Application Security to define innovative solutions and ensure that we lead the industry in using the latest in database technology security. This alliance will benefit Visa, our financial institutions and merchants as well."

"This alliance not only acknowledges the value proposition our products provide, but also validates the enormous opportunity in front of us," said Jack Hembrough, President and CEO of Application Security, Inc. "We look forward to working closely with Visa to help better protect businesses and their customers worldwide," Mr. Hembrough added.

About Visa

Visa is the world's leading payment brand generating US$3 trillion in annual card sales volume. Visa has unsurpassed acceptance in more than 150 countries. The Visa organization plays a pivotal role in developing innovative payment products and technologies to benefit its 21,000 member financial institutions and their cardholders. Visa is a leader in Internet based payments and is pioneering the creation of u-commerce, or universal commerce -- the ability to conduct commerce anywhere, anytime, and any way. For more information, visit www.corporate.visa.com.

About Application Security, Inc.

AppSecInc is the leading provider of database security solutions for the enterprise. AppSecInc's products proactively secure enterprise applications at more than 200 organizations around the world by discovering, assessing, and protecting the database against rapidly changing security threats. By securing data at its source, we enable organizations to more confidently extend their business with customers, partners and suppliers. Our security experts, combined with our strong support team, deliver up-to-date application safeguards that minimize risk and eliminate its impact on business. Please contact us at 1-866-927-7732 to learn more, or visit us on the web at www.appsecinc.com.

AppSecInc and AppDetective are trademarks of Application Security, Inc. All other company and product names are trademarks of their respective companies.

CONTACT: Kerry Quintiliani quintiliani@collaborative.com (617) 357-7789 Rebecca Knowles rknowles@appsecinc.com (781) 276-4508