HSBC Taps PGP Encryption

PALO ALTO, Calif. -- PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced that HSBC, one of the world's largest banks, has chosen PGP Universal(TM) Series 500 Gateway as part of its core business solution to enhance the level of protection over the corporation's global email communications. The product will provide HSBC with additional assurances over the privacy of confidential information and customer data shared with customers and business partners via email and meet the latest information security regulatory requirements.

Data protection regulations such as the UK Data Protection Act, the European Union Data Privacy Directive, and California Senate Bill 1386 require that organizations implement internal controls to prevent unauthorized access to confidential customer and company data. "As a global enterprise, HSBC has to comply with many different information security regulations," said Stephanie Daman, Head of Information Assurance at HSBC. "We chose PGP Universal because it is trusted globally by business customers and can be adapted to meet the various regulatory requirements."

PGP Corp.