COUNTERPANE AND PRICEWATERHOUSECOOPERS TO OFFER INTEGRATED MANAGED SECURITY MONITORING AND SECURITY CONSULTING SERVICES

Alliance serves organizations with complex, multi-vendor network environments

San Jose, CA, February 20, 2001 - Counterpane Internet Security, Inc., the leader in Managed Security Monitoring (MSM), and PricewaterhouseCoopers, the world's largest professional services organization, today announced an alliance agreement that allows PricewaterhouseCoopers to package Counterpane's Managed Security Monitoring services with its complementary security consulting services. This unique offering will allow the alliance to deliver comprehensive security services to Fortune 1000 and other companies with high information security requirements.

"This agreement significantly expands our successful working relationship with PricewaterhouseCoopers said Tom Rowley, Counterpane's President and CEO. "For our customers with complex network environments, it enables us to provide world class assessment and implementation of the network security architecture, along with emergency response and forensics that complement Counterpane's vigilant defense against intruders."

Counterpane's Managed Security Monitoring service pulls together the newest technologies, the most current security and network intelligence, highly adaptive processes, the safest environment, and expert human judgement to watch over complex customer networks. The Security Analysts are highly skilled, continuously trained, and are bonded and monitored. The Secure Operations Centers provide 24/7 redundant monitoring capability through encrypted, authenticated tunnels, are physically protected by biometric access-control and constant audio and video monitoring. Information from customers' security products is filtered by a complex set of rules and sent to the proprietary software for processing and response. And new intelligence regarding products, vulnerabilities, and attacks is constantly being gathered, analyzed, and provided to the Security Analysts.

"Our clients must maintain large, diverse networks to support their critical business functions. Counterpane's vendor-independent approach will allow us to provide them with around-the-clock security monitoring in these complex environments," said PricewaterhouseCoopers Partner Chris Miller. "By combining Counterpane's MSM with our security consulting services, we can provide security lifecycle solutions, from assessment through maintenance, including incident response, and cyber-crime and forensics support."

"The Alliance with Counterpane fills out PricewaterhouseCoopers' portfolio of managed security services by delivering an MSM service that is vendor-independent and that has been designed to monitor large, diverse network environments. It enables PricewaterhouseCoopers to address an entirely new market segment and expands our capacity to deliver cost-effective security solutions that are appropriately geared to each customer's individual needs," Miller said.

Counterpane has several alliances with professional services and consulting organizations. The alliance with PricewaterhouseCoopers is the first to result in an agreement providing for a comprehensive set of offerings that includes Counterpane's MSM services as part of an overall package. PricewaterhouseCoopers will wrap complementary services around the monitoring to provide a full set of end-to-end security management services. Complementary services may include security intelligence alerts, periodic vulnerability and risk assessments, assistance with selection and configuration of security sensors, security product implementations, incident response planning and assistance, and cyber-crime and forensics services.

"Counterpane's MSM services provide comprehensive coverage for diverse network environments, and PricewaterhouseCoopers provides worldwide breadth and depth of security consulting capability," noted Rowley. "Together we are able to provide a full range of security services that address requirements of the most security conscious industries such as financial services and health care, and the most Internet-intense organizations such as B-to-B service providers."

About Counterpane

Counterpane Internet Security, Inc. (www.counterpane.com ) was established in 1999 by entrepreneurial expert Tom Rowley and security technologist and author Bruce Schneier to address the critical need for increased levels of security services. Centered around a network of sophisticated Secure Operations Centers, staffed by expert security analysts, the Company provides 24/7 monitoring, as well as penetration detection and response. Counterpane's Managed Security Monitoring services enable e-business to be conducted safely.

About PricewaterhouseCoopers

PricewaterhouseCoopers (www.pwcglobal.com) is the world's leading professional services organization. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, the organization helps clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an internet-enabled world. PricewaterhouseCoopers refers to the US firm of PricewaterhouseCoopers LLP and other members of the worldwide PricewaterhouseCoopers organization.

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Counterpane is a trademark of Counterpane Internet Security, Inc. All other companies, brand names or products are trademarks or registered trademarks of their respective companies.