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Media Release: Rule Financial Selects the PGP Encryption Platform to Ensure Secure Financial Transaction Transfers London-Based Consultancy Implements PGP Command Line at Leading Financial Institutions for Confidential File Transfers Palo Alto, CA/19 March, 2007 – PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced that Rule Financial, a London-based financial consultancy to banks, insurance companies, and financial services firms, has selected the PGP® Encryption Platform as the solution of choice for its customers. Using PGP® Command Line, a PGP Encryption Platform–enabled application, Rule Financial's clients can safely and securely encrypt large amounts of financial transactions and related sensitive data. The PGP application enables organizations to insert PGP encryption and digital-signing functionality into existing automation scripts to ensure information can be transmitted, stored, or backed up using strong PGP encryption. For nearly 10 years, Rule Financial has assisted financial services firms such as Deutsche Bank, JPMorgan Chase, and ABN-AMRO in implementing business strategies. The company's clients rely on Rule Financial's wide-ranging technical capability in designing, building, deploying, and performance-tuning complex, high-volume systems. Rule Financial was looking for a solution that would enable its clients to encrypt file transfers, which many clients consider an industry best practice. Clients also had requirements for digital signatures to ensure the authentication and integrity of transactions. A key third requirement was for the information to be secured with the International Data Encryption Algorithm (IDEA), a popular European encryption method for guaranteeing confidentiality. "PGP Command Line comes with enterprise support, an IDEA license, and is available across a variety of operating systems and hardware platforms, making it ideal for us to recommend and implement for our financial customers," said Richard Goldklang, chief technology officer for Rule Financial. "The product is easy to install and customize, and we continue to get positive feedback from our customers, which brings no greater validation." About PGP Command LinePGP Command Line is designed for financial groups, health care organizations, retail, and other enterprises that back up consumer data or regularly move large amounts of sensitive information between data centers. It is based on the same proven, trusted, and supported PGP® technology and core crypto as other PGP products. PGP Command Line products support patented PGP Additional Decryption Key (ADK) capability. Use of an ADK has proven to be a widely adopted practice to ensure an organization has access to all its proprietary information, according to corporate policy and regulatory requirements, even if employee keys are lost or become unavailable. About Rule Financial Rule Financial is a specialist business change and IT consultancy in the wholesale financial services industry. Its vision is to assist financial services firms to implement their business strategies through a powerful change management framework allied with exceptional technology skills. The consultancy's experience has been gained with major firms such as ABN-AMRO, Barclays Capital, Deutsche Bank, DrKW, JPMorgan Chase, Lloyds TSB, Man Financial, Royal Bank of Scotland, UBS and numerous hedge funds. Rule Financial understands the banking environment, and by bridging business and technology disciplines they can rapidly engage in helping their clients solve their challenges. www.rulefinancial.com 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 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® 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 or +1 650 319 9000. Media & analyst contact for PGP Corporation: |
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