WACHOVIA SELECTS RSA TO ACCELERATE ITS BUSINESS THROUGH STRENGTHENED ONLINE SECURITY

RSA Conference 2007/San Francisco, CA – 5 February 2007

The bank’s new Security PlusSM suite of services includes RSA® Adaptive Authentication for Web; Wachovia joins the RSA eFraudNetwork SM anti-fraud community.

RSA, The Security Division of EMC (NYSE: EMC), announced today that Wachovia Corporation (NYSE: WB) has deployed the RSA® Adaptive Authentication solution and joined the RSA eFraudNetworkSM community to protect its customers, their funds and personal information further when banking online, while incurring minimal impact to the online user-experience.

As part of its comprehensive Security Plus suite of services, Wachovia has deployed behind-the-scenes protection for its online banking application, both at the front door and within the application, using RSA Adaptive Authentication for Web. Wachovia Security Plus supplements other security programs already in place today.

“It was important for us to find solutions that would not be perceived as a burden by our customers while, at the same time, ensuring that they are in fact secure,” said Michael Toth, Online Business Product Manager at Wachovia.

“RSA’s multi-layered approach for protecting our customers’ personal and financial information is the right fit for our needs. These new services are based on proven technologies, designed with customer usability in mind, and include the flexibility for us to incorporate additional layers of consumer protection solutions across self-service channels as we see fit,” said Ilieva Ageenko, Director of Emerging Applications at Wachovia.

“We are thrilled to have an organisation like Wachovia deploy our solutions and affirm our strategy of layered consumer protection,” says Christopher Young, vice president and general manager, Consumer Solutions at RSA. “Our goal is to help Wachovia accelerate its business online, all with the end-users’ security and convenience in mind.”

Financial institutions also can deploy the RSA Adaptive Authentication sophisticated risk engine that is engineered to analyse all online banking transactions in real-time and calculate a risk-score for each. Using the risk score, the solution is designed to automatically implement strong authentication methods, such as secret questions or an automated ‘out-of-band’ phone call, for high-risk transactions while low-risk transactions are seamlessly approved and securely processed with no hindrance to the customer.

Wachovia has also become a member of the RSA eFraudNetwork community, the world’s most effective collaborative online anti-fraud network. With more than 50 large financial institutions and a multitude of smaller ones on the network, Wachovia can benefit from immediate protection based on real-time online fraud data from financial institutions around the world.

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