PGP Corporation-Sponsored U.S. Study Shows Emergence of Strategic Planning
and Platform Approach to Encryption; Two-Thirds Deploy Encryption for
Laptop Protection
SAN FRANCISCO, Feb. 6 /PRNewswire/ -- At the RSA(R) Conference 2007,
PGP Corporation, a global leader in enterprise data security and encryption
solutions, today announced results from a new study by The Ponemon
Institute on enterprise needs, motivations, uses, and strategies for
protecting data with encryption. The key findings of the 2007 Annual Study:
U.S. Enterprise Encryption Trends demonstrate a shift toward the strategic
planning and use of encryption technology across enterprises.
"PGP Corporation is pleased to work with Dr. Ponemon on his latest
research," said Phillip Dunkelberger, president and CEO of PGP Corporation.
"We started this project with a simple question: Are the most effective,
most productive enterprises seeking a platform approach to encryption?
We're delighted to find a positive response because it validates our
building the PGP Encryption Platform from the ground up to satisfy the
demanding requirements of enterprises worldwide."
Respondents overwhelmingly see an encryption platform, which enables an
organization to centrally manage and deploy multiple encryption
applications with consistent policy enforcement, as the best, most
cost-effective, and efficient approach to defending their data. The study
was first conducted in the United States. The Ponemon Institute is
conducting similar research in the United Kingdom and Germany, with results
to be issued later this year. For more information or to receive a copy of
the study, visit http://www.pgp.com/downloads/research_reports/index.html
Another study released by The Ponemon Institute in October 2006
calculated the average cost of a data breach at $182 per compromised
record, or an average total of $4.8 million per breach for companies
affected by a data breach incident, motivating organizations to initiate
and expand their use of encryption. The new 2007 Annual Study: U.S.
Enterprise Encryption Trends identifies key areas of focus in encryption
use, planning strategies, and deployment methodologies. Nearly 800 IT and
business personnel participated in the survey; approximately 40 percent
were at the director or vice president level. In conducting the survey, Dr.
Larry Ponemon, chairman and founder of The Ponemon Institute, developed an
index known as the Security Effectiveness Score (SES) that enabled
respondents to self-evaluate their IT organization's performance and
preparedness across a set of 24 attributes. The SES was essential to
identifying leading IT organizations and recognizing trends throughout the
survey.
The survey consisted of a series of questions, resulting in four key
findings:
Strategic planning for encryption emerges -- Responding to increased
demands for data security, 66 percent of respondents have some type of
encryption strategy and 16 percent have "enterprise-wide" strategies.
Organizations are seeking a platform approach -- As described in the
survey, a platform enables organizations to centrally manage and deploy
multiple encryption applications with consistent policy enforcement, an
approach that resonated soundly: 61 percent of respondents viewed an
encryption platform as "important" or "very important."
Platform recognized as reducing costs and improving efficiencies --
Respondents view an encryption platform approach as a driver to reduce
costs and increase productivity. Key benefits of the platform approach:
*Elimination of redundant administrative tasks (66 percent of respondents)
*Reduction of operational costs (59 percent)
*Flexibility to add other encryption applications as requirements evolve
(54 percent)
Encryption increasingly used across multiple applications --
Respondents reported beginning to consistently encrypt laptops, file
servers, emails, and backup tapes. Laptop encryption is most common, with
18 percent reporting such use "most of the time." The use of laptop
encryption is driven by the need to mitigate the consequences of a
potential data breach, which was identified as one of the top reasons for
deploying encryption (66 percent).
"The Security Effectiveness Score was developed as an objective gauge
for organizations seeking to develop and test security strategies in the
wake of new regulations and growing challenges to protecting sensitive
information," Dr. Ponemon said. "As expected, leading IT organizations with
the most effective security programs are those at the forefront of
strategic planning and use of encryption. Such organizations are
significantly more interested in a platform approach to enterprise
encryption."
The Ponemon Institute is completing a similar study for the U.K. and
German markets. Preliminary results indicate European businesses are
protecting data with encryption to address privacy commitments and
regulations, compared to U.S. companies, which are driven primarily by data
breach mitigation. PGP Corporation will publish the findings of this study
when the Institute has completed its analysis.
About The Ponemon Institute
The Ponemon Institute(C) is dedicated to advancing responsible
information and privacy management practices in business and government. To
achieve this objective, the Institute conducts independent research,
educates leaders from the private and public sectors and verifies the
privacy and data protection practices of organizations in a variety of
industries.
About PGP Corporation
PGP Corporation, a global security software company, is the leader in
email and data encryption. Based on a unified key management and policy
infrastructure, the PGP(R) Encryption Platform offers the broadest set of
integrated applications for enterprise data security. PGP(R)
platform-enabled applications allow organizations to meet current needs and
expand as security requirements evolve for email, laptops, desktops,
instant messaging, PDAs, network storage, FTP and bulk data transfers, and
backups.
PGP(R) solutions are used by more than 80,000 enterprises, businesses,
and governments worldwide, including 95 percent of the Fortune(R) 100, 75
percent of the Fortune(R) Global 100, 87 percent of Germany's DAX index,
and 51 percent of the FTSE 100 Index. As a result, PGP Corporation has
earned a global reputation for innovative, standards-based, and trusted
solutions. PGP solutions help protect confidential information, secure
customer data, achieve regulatory and audit compliance, and safeguard
companies' brands and reputations. Contact PGP Corporation at http://www.pgp.com
or +1-650-319-9000.
Media & analyst contact for PGP Corporation:
John C. Tran
GlobalFluency
+1-650-433-4153
jtran@globalfluency.com
Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking,
including statements regarding the availability, plans, delivery, goals,
development, expected features, expected benefits and competitive position
of PGP products implementing or leveraging the PGP technologies. All
references made to product feature enhancements, improvements in Platform
support or additional functionality are subject to change at solely PGP
Corporation's discretion. All future descriptions of PGP technology and
products are subject to availability only if PGP Corporation decides to
build them and when PGP Corporation decides to make them commercially
available. Actual results could differ materially from those expressed in
any forward-looking statements. Risks and uncertainties that PGP
Corporation faces that could cause results to differ materially include
risks associated with any unforeseen technical difficulties or software
errors related to the final development and launch of any of PGP
Corporation's products; any technological, regulatory or standards changes
in the security, encryption and authentications market which could make PGP
Corporation's products less competitive or require feature changes in these
products; any slowdown in the adoption by businesses of encryption suites,
secure email, Internet technologies or related standard. The forward-
looking statements contained in this release are made as of the date
hereof, and PGP Corporation does not assume any obligation to update such
statements nor the reasons why actual results could differ materially from
those projected in such statements.
NOTE: PGP and the PGP logo are registered trademarks of PGP
Corporation. Product and brand names used in the document may be trademarks
or registered trademarks of their respective owners. Any such trademarks or
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SOURCE PGP Corporation
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Related links:
http://www.pgp.com
CONTACT:
John C. Tran of GlobalFluency,
+1-650-433-4153, or jtran@globalfluency.com, for PGP Corporation
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