BindView Introduces HIPAA Toolkit, Offering Hospitals and Health Care Organizations a Comprehensive Suite of Solutions to Manage Massive Security and Privacy Overhaul.

Business/Technology Editors

HOUSTON--(BUSINESS WIRE)--May 22, 2001

BindView HIPAA Toolkit is First Tailored Tool Set Designed to Help

Hospitals and Medical Organizations

Meet National Patient Privacy Standards

BindView Corporation (NASDAQ: BVEW), a leading provider of IT administration and security management solutions, announced today the availability of its BindView HIPAA Toolkit. The new product bundle includes tailored reports, customized queries and roles-based access programs designed specifically to help ensure that hospitals and health care organizations meet the stringent security and privacy standards of HIPAA, the Health Insurance Portability and Accountability Act. The BindView HIPAA Toolkit offers hospitals and other health care organizations a complete and comprehensive suite of security management tools, including a tailored collection of BindView's bv-Control and bv-Admin solutions, as well as arranging for specialized Security and Privacy Assessments to be performed for the organizations by HIPAA experts at Beacon Partners, Inc., an independent national health care management consulting firm.

"The security and privacy challenges presented by HIPAA compliance are daunting in enormity and scope," said Dr. Sybil Ingram-Muhammad, engagement manager of enterprise security and HIPAA compliance at Beacon Partners. "Hospitals and health care organizations must develop HIPAA strategies that are ongoing and constantly address the issues of patient information privacy and IT infrastructure security. Security management software solutions will enable hospitals, payers and health care organizations to monitor and manage their access control, network configurations and vulnerability assessment."

While the deadline for HIPAA compliance has been set for 2003, many of the nation's top hospitals have already begun to overhaul their IT infrastructures, training programs and filing systems in an effort to comply with the regulations. Health experts such as the Blue Cross and Blue Shield Association estimate that U.S. hospitals will spend as much as $43 billion over the next five years to become HIPAA compliant. However, the federal government argues that both patients and hospitals will benefit substantially from the regulations. Additionally, many health industry analysts are predicting higher levels of patient privacy and increased IT network efficiency due to enforceable HIPAA standards. The U.S. Department of Health and Human Services estimates that hospitals and health care organizations will realize a $30 billion savings over the next 10 years due to the increased efficiency associated with HIPAA compliance.

"We selected BindView's full line of bv-Control solutions to ensure the security of our IT infrastructure, the stability of our system configurations and the strength of our password programs," said Gerry Blass, information security officer at Meridian Health System, a health care and hospital system with more than 70 locations and 7,500 employees throughout New Jersey. "Using BindView's products enables us to manage the overall security of our IT infrastructure by running tailored queries and reports and continuously assessing the vulnerability of our systems."

As part of its ongoing focus on HIPAA, BindView has hosted forums and roundtable discussions, where HIPAA experts identified key steps in addressing the security requirements and regulations, including assessing password security programs, role-based access and internal and external network vulnerabilities. Additionally, IT professionals at some of the nation's top hospitals discussed steps they have taken using BindView's solutions to help ensure the privacy of patient records and the security of their networks, including server configurations, training programs, network administration and system risk assessment. As the next step in its HIPAA Initiative, BindView will launch a HIPAA Web site later this month that will include tips and techniques for addressing HIPAA requirements, as well as expert advice on products and implementations from independent consultants.

"The BindView HIPAA Toolkit offers our hospital and health care customers a comprehensive, tailored and customized solution for managing the security and privacy challenges presented by HIPAA standards," said Kevin Weiss, chief marketing officer, BindView Corporation. "The HIPAA Toolkit is the latest step in BindView's HIPAA Initiative, which is designed to not only help our healthcare customers better understand the IT and security challenges presented by the HIPAA standards, but to give them the tools necessary to move toward HIPAA compliance."

BindView's HIPAA Toolkit offers hospitals and health care organizations a comprehensive suite of solutions designed to help ensure HIPAA compliance. The bv-Control solutions offer an effective IT defense, finding and eliminating security holes to reduce the risk from both internal and external threats. BindView's bv-Admin software is a powerful and flexible directory and systems solution that helps hospitals reduce the complexity of managing the computing enterprise by saving time and eliminating potential errors.

About BindView Corporation

BindView, the leader in the vulnerability assessment market, provides software solutions which enhance business performance by helping to ensure the integrity of the IT infrastructure. BindView's comprehensive software offerings secure and simplify the management and administration of network operating systems, directories and related applications. By enabling corporate IT professionals to effectively leverage their existing technologies, BindView's award-winning products play a critical role in achieving business goals. More than 10 million licenses of BindView's solutions have been shipped worldwide to approximately 5,000 companies, including more than 75 of the Fortune 100 and 24 of the largest 25 U.S. banks. Contact BindView via e-mail at [e-mail] or visit BindView's World Wide Web site at http//www.bindview.com. BindView can also be reached at [phone] or at [phone].

Editors Note: BindView(R) and the BindView logo used in this document are trademarks of BindView Development Corporation, which may be registered in one or more jurisdictions. The names of products of other companies mentioned in this document, if any, may be the registered or unregistered trademarks of the owners of the products.