"Time after time, we've seen that data breaches due to lost or stolen notebooks can have a detrimental impact to a public or private organization - protecting data and personal information has never been more critical," said Steven Schoenfeld, vice president Products and Strategy, PGP Corporation. "We are pleased to continue to expand our relationship with Intel; this collaboration underscores our commitment to developing and providing the most comprehensive and leading edge data protection solutions for organizations worldwide."
"The collaboration with PGP Corporation on asset and data protection solutions helps to define a new security paradigm for organizations of all sizes to help deter theft of costly hardware and protect the often more valuable data inside," said George Thangadurai, director, Strategic Planning, and general manager, Anti-Theft Program, Intel Mobile Platforms Group.
According to the recently released 2008 Ponemon Cost of a Data Breach Studies, compromised customer records in the U.S. costs a company $202 per record, in the U.K. the cost of lost customer data is £60 per record and in Germany it is 112 per lost customer information. Without proper asset and data protection practices, these breaches can cause significant damage to a company's brand and bottom line.
PGP Corporation will integrate with the local and remote theft detection mechanisms provided by Intel Anti-Theft Technology, and provide recovery options. When an Intel Anti-Theft Technology enabled notebook is lost or stolen and the theft condition is asserted, the combined Intel and PGP solution will disable the notebook and block access to encrypted data even if the user's credentials have been compromised. Once the notebook has been recovered and the theft condition is cleared, the hardware can easily be re-activated locally using a pre-provisioned user pass-phrase or a remote server-assisted one-time use recovery token. Since the data on the recovered notebook is not deleted and the protection is non-destructive, the data can be securely retrieved upon routine pre-boot authentication.
About PGP Corporation PGP Corporation is a global leader in email and data encryption software for enterprise data protection. 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, smartphones, network storage, file transfers, automated processes, and backups.
PGP' solutions are used by more than 100,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune' 100, 75 percent of the Fortune' Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. 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.
About Intel Corporation Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com.