Two new mobile security encryption solutions, the PGP Portable and PGP Mobile 9.10 offerings, are designed to help financial institutions that share portable data and secure email on smartphones. The former provides data protection on any removable storage device or optical media, such as USB sticks or CDs. The latter provides encryption for email and email attachments (stored and in transit) on Windows Mobile smartphones

According to the recently published annual 2009 U.S. Encryption Trends Report by The Ponemon Institute, 59 percent of respondents said that it is very important/critical to encrypt mobile devices and 26 percent indicated they encrypt a smartphone or PDA most of the time, but 51 percent said they never do, suggesting there is a market out there for PGP Corporation's new security offerings.

"Corporations are increasingly reliant on mobile technology as their primary platform. Mobile platforms of choice are driven by employees who are bringing in their own devices that IT departments need to support," says Michael Osterman, president and founder of Osterman Research. "This is driving increasing concerns around mobile security, and organisations now need a solution that provides email and data protection across a diverse set of platforms."

According to Phillip Dunkelberger, president and CEO of PGP Corporation, people are the new corporate perimeter - whether they are employees, suppliers, partners or consultants - carrying sensitive data on mobile storage devices and smartphones, which can be easily lost or stolen. "If the email and data is not protected on these devices, I believe organisations face a huge risk in data breaches and failure to meet compliance," he says. "With PGP Portable and PGP Mobile 9.10, we are trying to help businesses manage the risks involved with today's ever present mobile technology."

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