Ponemon Reveals 2nd Study

PALO ALTO, Calif. -- PGP Corporation, a global leader in enterprise data protection, today announced the results from a second annual study by The Ponemon Institute(C) identifying key areas of focus in enterprise encryption use, planning strategies, budgeting and spending, deployment methodologies, and impact on data breach incidents. The key findings of the 2008 Annual Study: U.S. Enterprise Encryption Trends demonstrate organizations continue to move towards a more holistic approach to encryption including a larger focus on key management, especially those organizations identified as having the most effective IT organizations.

The study of nearly 1000 U.S.-based IT and business managers, analysts and executives (40 percent at the director or VP level), identifies a new trend that shows organizations with a more strategic, enterprise-wide approach to encryption have experienced fewer data breaches. In response to increasing demands for data security, 21 percent of organizations surveyed now having an encryption strategy applied consistently across the organization, up from 16 percent in 2007.

"This study continues to break new ground in identifying enterprise IT security trends," said Dr. Larry Ponemon, chairman and founder of The Ponemon Institute. "Organizations are spending significant portions of their encryption budgets on key management and are looking for more complete solutions from a single vendor instead of point products. With more organizations experiencing data breaches, those who deploy a holistic enterprise encryption strategy will significantly reduce their risk."

PGP Corp.