Press Release: BNP Paribas Deploys PGP Encryption Solutions to Secure Email Communications

PGP Encryption Platform Protects Sensitive Data and Ensures Global Regulatory Compliance

Palo Alto, CA / 07 April, 2008 – PGP Corporation, a global leader in enterprise data protection, today announced that BNP Paribas, a global leader in banking and financial services, has standardized on the PGP® Encryption Platform to secure confidential business information. The company is deploying PGP Universal™ Gateway Email to secure email with its customers and business partners, including financial services firms and regulatory institutions such as central banks. PGP Universal™ Server, the foundation of the PGP Encryption Platform architecture, provides BNP Paribas with centralized policy administration and key management through a single Web-based console.

The Challenge
According to Standard & Poor's, BNP Paribas is one of the five strongest banks in the world, with 161,000 employees in 85 countries. In 2005, its partners began to request that the company adopt an email encryption solution to ensure the secure exchange of information. BNP Paribas also has to comply with security and privacy regulations in all the countries in which it does business.

The company needed an email encryption solution that would meet several key criteria: be compatible with the technology used by its business partners, simplify key management, be transparent to users, and integrate with the existing Lotus Notes system. The ability to send encrypted information would offer BNP Paribas a significant advantage over its competitors.

The Solution
In BNP Paribas's IT organization, Stéphane Detruiseux's Risk and Security Expertise group, which includes Stéphane Lebrère's Technical Solutions and Standards team, tested several solutions before selecting PGP Universal Gateway Email and the PGP Universal Server. "We discovered that our partners use solutions based on either the OpenPGP or S/MIME encryption standard," says Detruiseux, "and if we used a compatible solution, we wouldn't have to send, receive, or install any public keys because the exchanges were automatic."
Among the other reasons BNP Paribas chose the PGP® encryption solution: transparency to end users through gateway-to-gateway encryption and transfer; integration with Lotus Notes for flagging specific emails for encryption; the ability to set email encryption policy based on content, sender, and recipient, among other identifiers of confidential information; and PGP Corporation's knowledge and understanding of the needs of multinational corporations.

PGP® partner Hermitage Solutions assisted BNP Paribas with the deployment. "Hermitage Solutions was very knowledgeable," Lebrère says, "and they are always available when we have a question."

Interest in email encryption is growing at BNP Paribas as the PGP® solution proves its competitive advantage and long-term business value. According to Lebrère, "Every week, we have more people interested in evaluating the solution."

About PGP Universal Gateway Email
PGP Universal Gateway Email provides centrally managed, standards-based email encryption to secure email communication with customers and partners. Based on highly configurable encryption rules, emails are secured as they enter and leave the enterprise network. PGP Universal Gateway Email extends enterprise email policies to recipients without requiring special training or software. It supports the two globally accepted email encryption standards, OpenPGP and S/MIME, enabling seamless communications with recipients using a variety of email solutions.

About the PGP Encryption Platform
Based on a unified key management and policy infrastructure, the PGP Encryption Platform offers the broadest set of integrated applications for enterprise data security. The platform enables organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, PDAs, FTP, file transfers, backups, and shared files on network storage. By implementing the PGP Encryption Platform, organizations can reduce security infrastructure complexity, lower maintenance costs, and realize a strong return on investment.

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the five strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with 161,000 employees, including 125,000 in Europe. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services, and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.

About Hermitage Solutions
Hermitage Solutions is a French company headquartered in Lyon. In the French-speaking markets of EMEA, Hermitage Solutions is an importer and distributor of innovative network and security solutions. Today, more than a third of the top 250 French companies have implemented solutions launched and distributed by Hermitage Solutions. Hermitage Solutions was founded in 1997 and has companies in France, Latvia, and Lithuania.

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:
Tom Rice
Merritt Group
+1 804 744 7111
rice@merittgrp.com

U.K.:
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

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 PGP Corporation's sole 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.

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