PGP INSIGHT

Press Release: Aberdeen Group Research Reveals Increased Use of Encryption by Top Performing, Best-in-Class Companies
Benefits Include Cost Savings and Ease of Management
Menlo Park, CA/20 November 2008 – PGP Corporation, a global leader in enterprise data protection, today announced that the results of third-party research conducted by the Aberdeen Group show that the use of encryption to protect sensitive data in the enterprise is becoming even more pervasive, especially among top performing companies. The study concluded that the major drivers for this growth include lower cost for implementation and increasing ease of management.
Aberdeen’s latest research found that the top 20 percent of surveyed organizations had made significant strides in their data protection strategy in the past year. Best-in-Class organizations had the greatest year-over-year reductions with regard to the number of data loss or data exposure incidents, as well as audit deficiencies related to data protection the time and cost required to address them. Additionally, these organizations supported encryption across the board and at a much higher scale.
According to Aberdeen’s research, "Companies with top performance at managing encryption currently support encryption in about 40 percent more applications than their counterparts, with about 11.5-times more encryption keys under management. Most importantly, they have done so at a significantly lower total cost: 10 percent less in absolute terms; 36 percent less in terms of average cost per encryption-enabled application; and 92 percent less in terms of average cost per key under management.”
“Too often, the desire to safeguard the organization's critical data is seen to be a gating factor, rather than an enabler, to the needs of the business. On the other hand, an overly aggressive drive to expand access to sensitive information can expose the organization to unacceptable levels of risk,” said Derek E. Brink, vice president and research fellow for IT Security, Aberdeen. “Companies with Best-in-Class performance in managing encryption have achieved both data access and data protection, supporting higher scale at lower total cost.”
Additional findings in the report shared that the pressures of increased industry regulations and the mobility of sensitive information correlated with the more widespread deployment of encryption. The drivers of increasing customer confidence and protecting the brand were also strongly noted. The leading strategies driving current investments in safeguarding critical data, as identified by enterprises with top performance, included the following:
- Protect data at rest in back-end systems (e.g., storage/backup systems, databases, applications) – 39%
- Sustain security and compliance requirements for data protection, while reducing the total associated costs – 39%
- Protect data-in-use on endpoint systems – 28%
- Protect data-in-motion on the network – 28%
- Monitor for the transmission of sensitive data in real time – 28%
The Aberdeen Group’s research also found that “Best-in-Class” organizations were 1.9-times more likely than other groups to take a data-centric approach to securing data. This approach, referred to by PGP Corporation as Enterprise Data Protection, focuses on securing the data itself rather than relying on network defenses.
"The latest findings by the Aberdeen Group confirm what we've been telling our customers for years - a strategic encryption strategy will defend your data and save critical budget dollars in the long run," said Phillip Dunkelberger, president and CEO of PGP Corporation. "With regulatory compliance, increased mobility and brand protection continuing to be the top drivers to deploying encryption, best-in-class companies need to consider how best to manage their encryption keys strategically and holistically across the enterprise.”
To obtain a copy of the report, please visit:
http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=5354
To view a complimentary 30-minute webcast highlighting key findings from the report, please visit: http://www.brighttalk.com/webcasts/1393/attend
About the PGP Encryption Platform
The PGP Encryption Platform lowers operational costs and accelerates application deployment through a single management console. The platform provides a strategic enterprise encryption framework for shared user management, policy, and provisioning automated across multiple, integrated encryption applications. The platform also integrates with third-party enterprise solutions, including directory services and PKIs as well as email hygiene and outbound content compliance solutions.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to AberdeenTM for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the “customer optimization” process of Harte-Hanks (Information – Opportunity – Insight – Engagement – Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
About PGP Corporation
PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.
PGP® solutions are used by more than 80,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune® 100, 75 percent of the Fortune® Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. 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 www.pgp.com or +1 650 319 9000.
Media & analyst contact for PGP Corporation:
North America:
Tom Rice
Merritt Group
+1 703 856 2218
rice@merrittgrp.com
Christina Grenier
PGP Corporation
+1 650 543 3697
cgrenier@pgp.com
United Kingdom:
Jacqui Depares / Richard Scarlett
Johnson King
+44 (0) 20 7401 7968
pgpteam@johnsonking.co.uk
Germany:
Ingrid Daschner
Johnson King
+49 (0) 89 8940 8511
ingridd@johnsonking.de
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 registered trademarks are the sole property of their respective owners.
North America
Christina Grenier
PGP Corporation
+1 650 543 3697
cgrenier@pgp.com
Tom Rice
Merritt Group
+1 703 856 2218
rice@merrittgrp.com
United Kingdom
Jacqui Depares / Richard Scarlett
Johnson King
+44 (0)20 7401 7968
pgpteam@johnsonking.co.uk
Germany
Ingrid Daschner
Johnson King
+49 (0) 89 8940 8511
ingridd@johnsonking.de