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Brand Protection Drives Encryption Use for U.K. IT Organisations; Enterprise-Wide Deployments Remain Low
London / 24 April, 2007 – PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced at Infosecurity Europe 2007 results from a new U.K.-based study on enterprise motivations and strategies for protecting data with encryption. The Ponemon Institute's "2007 Annual Study: U.K. Enterprise Encryption Trends" shows U.K. businesses believe protecting their brand and reputation is the most significant factor in their decision to deploy encryption technology. The survey also reveals that only 9 percent of U.K. companies have an enterprise-wide encryption strategy.
This study focused on identifying trends in encryption use, planning strategies, and deployment methodologies in U.K. IT organisations. The respondents included 541 U.K.-based IT and business managers, analysts, and executives, 65 percent of whom were at the manager level or above. Key findings of the study:
- 54 percent reported brand protection and reputation as the primary drivers for encryption use
- 55 percent cited some type of encryption strategy
- Only 9 percent have an enterprise-wide strategy
- 10 percent reported using encryption for data breach mitigation
- No one reported using encryption to avoid notifying customers
- 50 percent report interest in a platform approach to centrally manage and deploy multiple encryption applications
- The platform approach offers numerous benefits: 57 percent report it reduces operational costs; 55 percent report it eliminates redundant administrative tasks
- Encryption is used across multiple applications: laptops, file servers, emails, and backup tapes
- 10 percent encrypt laptop and backup tapes (the most common combination)
Survey respondents overwhelmingly see an enterprise-wide encryption platform, which enables an organisation to centrally manage and deploy multiple encryption applications with consistent policy enforcement, as the best and most efficient approach to protecting and defending their data from breaches.
“Recent U.K. data breaches such as those at T.J. Maxx, the Halifax Building Society, and a Nottinghamshire hospital could easily have been avoided by deploying available encryption technologies,” said Phillip Dunkelberger, president and CEO of PGP Corporation. “However, the negative publicity from breaches continues to rise, tarnishing companies’ brand images, damaging consumer confidence, and causing serious headaches for IT and executive management.
“Organisations need to take a hard look at their data protection strategies, and as this latest study shows, encryption should be regarded as a valuable tool for defending data,” continued Dunkelberger. “From his earlier work detailing the cost of a data breach to these encryption adoption studies, Dr. Ponemon is providing keen insight and motivation for organisations to address their security frameworks. This study represents a great opportunity for U.K. companies to benchmark themselves against their peers and to act on emerging local trends in encryption.”
A similar study by The Ponemon Institute was conducted in the United States earlier this year. U.S. respondents also overwhelmingly recognise the benefits of an encryption platform for defending their data, reducing operational costs, and eliminating redundant administrative tasks. The U.S respondents identified laptop encryption as the strategy used most often to mitigate the consequences of a potential data breach, one of the top reasons for deploying encryption.
The PGP® Encryption Platform provides a strategic enterprise encryption framework for shared user management, policy, and provisioning automated across multiple, integrated encryption applications. All PGP Encryption Platform–enabled applications leverage users, keys, and configurations to expedite deployment and policy enforcement and can be combined to provide multiple layers of security. The PGP Encryption Platform is deployed with the first PGP application installed, enabling organisations to reap best-in-class encryption in phases or as business requirements emerge and evolve.
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® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP platform-enabled applications allow organisations 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® 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 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 www.pgp.com.
Media & analyst contact for PGP Corporation:
Jacqui Depares / Richard Scarlett
Johnson King
+44 (0)20 7357 7799
PGPTeam@johnsonking.co.uk
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.
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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