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Stillwater National Bank Standardizes on the PGP Encryption Platform for
Company-Wide Laptop, Email, and File Encryption
Integrated PGP Applications Help Bank Meet Information Security Regulatory Requirements
Palo Alto, CA/13 June, 2006 – PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced that Stillwater National Bank and Trust Company (SNB), a subsidiary of Southwest Bancorp, Inc., has implemented the PGP® Encryption Platform for company-wide encryption of confidential data. SNB is using PGP Universal™ Server for central security policy enforcement, automated key management, reporting, and gateway email encryption. SNB is also using PGP® Desktop to protect internal email communications and PGP® Whole Disk Encryption to protect data stored on employee laptops. Together, these PGP products will help SNB ensure customer privacy while helping the bank to meet information security regulatory requirements.
Organizations that deploy PGP encryption solutions automatically deploy the PGP Encryption Platform. Policy enforcement, key management, recovery, and reporting are all automatically handled by the PGP Encryption Platform. Other PGP encryption applications can be easily added as an organization"s needs grow and change.
Prior to deploying the PGP Encryption Platform, SNB had pieced together a mix of products from several vendors, which required installation on individual desktops, password exchange by phone, and end-user training. When users lost their passwords, the bank had to re-create the original messages and attachments, then re-encrypt and resend them.
SNB was looking for a solution that was easy to use and would automatically encrypt emails, but did not require password exchange. “Using PGP encryption is effortless because it"s completely transparent to the end user,” said Jacob Mays, assistant vice president of information systems, Stillwater National Bank. “Employees don"t have to remember to encrypt messages, and recipients don"t have to be technically savvy to open encrypted emails and retrieve the information they need.”
Alternative Solutions Fall Short
Before standardizing on the PGP Encryption Platform, SNB considered an outsourced email security solution; however, the bank decided against outsourcing because it required annual audits to ensure the vendor complied with data security regulations.
The bank also evaluated another desktop-based encryption product, but found it lacking for several reasons. “Encryption only works if everyone speaks the same language, and many of our business partners already have security solutions. Unlike other offerings, PGP encryption is an industry standard, so we can communicate securely with virtually anyone,” Mays pointed out. SNB also liked the range of security applications supported by the PGP Encryption Platform. “None of the other vendors had any of the complementary products the PGP Encryption Platform offered. We wanted a comprehensive solution that was easy to manage and could expand to meet future needs, and the PGP Encryption Platform was the only offering that met our criteria,” stated Mays.
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, bulk data 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 PGP Universal Server
PGP Universal Server automatically secures confidential email with PGP encryption and digital signatures at the gateway, based on centrally defined policy. The encryption is completely transparent to the user, and email is automatically encrypted to match recipients" encryption capabilities.
About PGP Whole Disk Encryption for Enterprises
PGP Whole Disk Encryption allows organizations to address compliance and mitigate risk by encrypting files with centrally managed full disk encryption. All files on protected drives are encrypted, including temporary, swap, and system files. PGP Whole Disk Encryption integrates with an organization"s existing infrastructure, streamlining deployment as well as ongoing management and operation. PGP Whole Disk Encryption also integrates with Microsoft Active Directory to automate user enrollment and manage encryption policy.
About PGP Desktop
PGP Desktop provides comprehensive security for individual desktops. This easy-to-use solution transparently encrypts email, files, virtual volumes, and entire disks from a single desktop application; no end user action is required.
About Stillwater National Bank
Stillwater National Bank and Trust Company is a subsidiary of Southwest Bancorp, Inc., a public company traded on NASDAQ:OKSB. Founded in 1894 and headquartered in Stillwater, Oklahoma, Stillwater National Bank and Trust has assets of more than $2 billion, with offices in Kansas, Oklahoma and Texas.
About PGP Corporation
PGP solutions are used by more than 30,000 enterprises, businesses, and governments worldwide, including 84 percent of the Fortune® 100 and 66 percent of the Fortune® Global 100. 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.
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Media & analyst contact for PGP Corporation:
John Tran
Neale-May & Partners
+1 650 328 5555 ext. 277
jtran@nealemay.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 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.
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.
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