Press Release

First Union Relies on RSA Security Encryption Software to Help Secure Its Internal Applications

Company Expands Its Licensing Agreement to Include Entire Range of RSA BSAFE(R) Product Line

BEDFORD, Mass., Aug. 22 /PRNewswire/ -- RSA Security Inc. (Nasdaq: RSAS), the most trusted name in e-security(TM), today announced that First Union Corporation (NYSE: FTU) has expanded its licensing agreement to include the entire range of RSA BSAFE® products including RSA BSAFE Crypto-C, RSA BSAFE Crypto-J, RSA BSAFE SSL-J, RSA BSAFE SSL-C, RSA BSAFE S/MIME, RSA BSAFE Cert-C and RSA BSAFE Cert-J encryption software to help secure mutually authenticated sessions between internally developed applications. First Union, the nation's sixth largest banking company, chose RSA Security because of the strength of its technology, ease of implementation and reputation as the dominant market leader.

``In the banking industry, it is absolutely critical that communications between internal applications remain secure. Any breach in our systems may cause customers to lose trust in our services,'' said Tony Suarez, manager of certification authority operations, First Union Corporation. ``RSA Security consistently provides industry-leading technology that we can rely on, as well as the resources and experience needed to grow with the rapidly expanding market.''

``We're pleased that First Union, a premier financial institution, has standardized on our encryption software. We believe this commitment is a reflection of the strength of the RSA BSAFE solutions and what they offer today's e-business marketplace,'' said Scott Schnell, senior vice president of marketing at RSA Security Inc.

The RSA BSAFE® line of encryption-based security software is embedded in today's most successful Internet applications, including Web browsers, wireless devices, commerce servers, email systems and virtual private network products. Built to provide implementations of standards like SSL, SMIME, WTLS, IPSec and PKCS, RSA BSAFE products can save developers time and risk in their development schedules.

About First Union

First Union, with $258 billion in assets and stockholders' equity of $14 billion at June 30, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 12 East Coast states and Washington, D.C., and full-service brokerage offices in 41 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com .

About RSA Security Inc.RSA Security Inc., The Most Trusted Name in e-Security(TM), helps organizations build secure, trusted foundations for e-business through its RSA SecurID® two-factor authentication, RSA BSAFE® encryption and RSA Keon® digital certificate management systems. With more than a half billion RSA BSAFE-enabled applications in use worldwide, more than seven million RSA SecurID users and almost 20 years of industry experience, RSA Security has the proven leadership and innovative technology to address the changing security needs of e-business and bring trust to the new, online economy. RSA Security can be reached at www.rsasecurity.com .

NOTE: BSAFE, Keon, RSA and SecurID are registered trademarks, and The Most Trusted Name in e-Security is a trademark of RSA Security Inc. All other products and services mentioned are trademarks of their respective companies.

SOURCE: RSA Security Inc.