New PGP Extends EncryptionNew PGP Extends Encryption

PALO ALTO, Calif. -- PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced PGP(R) NetShare. The product addresses one of the greatest security risks facing companies today -- unauthorized access to shared files -- preventing accidental data access by internal users, IT administrators, or external partners. With PGP NetShare, authorized users can save and share files on file servers, using all applications as they currently do while benefiting from the comprehensive protection offered by PGP encryption.

When organizations share project schedules, budgets, internal audit files, personnel data, and research results, they must be demonstrably secured as required by international data privacy and financial accounting regulations.

PGP NetShare addresses the risks resulting from the accelerating use of shared content as well as its increasingly wide distribution and the growing number of users who have access to it.

PGP NetShare Security

With PGP NetShare, information remains protected at all times without any specific user action. Content such as documents, spreadsheets, presentations, video, and audio is automatically encrypted when saved to a PGP NetShare-protected folder and remains encrypted when transferred to and stored on local desktops. Files on the server and desktop are transparently decrypted when opened by authorized users and automatically re-encrypted when closed.

Only users with proper access rights can open a file protected by PGP NetShare. If someone gains unauthorized access, the file remains encrypted and cannot be read. Administrators can synchronize PGP NetShare with existing access control lists and directory permissions to ensure network files are appropriately encrypted as well as grant users the ability to create PGP NetShare-protected folders.

Organizations that deploy PGP NetShare or any PGP encryption application automatically deploy the PGP(R) Encryption Platform. The PGP Encryption Platform automatically handles all policy enforcement, key management, recovery, and reporting. Organizations simply add other PGP encryption applications as their needs grow and change.

"PGP NetShare was developed in response to global customer demand because organizations are recognizing that data perpetually shared is data perpetually at risk," said Phillip Dunkelberger, president and CEO of PGP Corporation. "Industry estimates vary, but approximately 50 percent of all data security breaches occur from within an organization -- the wrong people gaining access to the wrong folders. PGP NetShare provides persistent protection to content, wherever it resides."

PGP Corp.