RPost Predicts European Regulators have Forever Transformed the Market for Email Encryption
(Thomson Reuters ONE) -
RPost Predicts European Regulators have Forever Transformed the Market for Email
Encryption
The European General Data Protection Regulation's Steep Fines are Predicted to
Change the Email Encryption Market to be Centered on "Auditable Proof" of
Encrypted Transmission
LONDON, UNITED KINGDOM--(Marketwired - April 27, 2017) - RPost, a leader in the
email encryption market, predicts that The European General Data Protection
Regulation (GDPR) will forever transform the email encryption market in Europe,
in that businesses will be compelled not only to transmit information securely,
but also to retain auditable proof of compliant, secure email delivery. For many
businesses, the latter driver will require them to change email encryption
services altogether.
Auditable proof of encryption compliance will be what is needed to deal with the
potential of accusations of data breach; particularly when the fines prove to be
as steep as the regulators have declared they will be.
"Sending email encrypted or through secure transmissions will soon become the
norm in Europe -- but for those businesses dealing in consumer information that
make a lot of money, a 'claim' that a message was sent securely may not be
enough to mitigate risk of huge fines," states RPost's CEO Zafar Khan. The
General Data Protection Regulation (GDPR) Regulation ((EU) 2016/679) calls for
penalties of up to 4% of global turnover or 20 million Euros, whichever is
higher. "Considering the potential of a fine tied to a percentage of global
turnover, risk managers should begin to appreciate a record of 'proof of data
privacy compliance'; better yet, proof on a message by message basis. For a
decade, our RMail® service has been providing not only simple-to-use email
encryption, but also has been focused on encrypting for compliance -- providing
auditable proof of fact of data privacy compliance with a returned Registered
Receipt(TM) evidentiary record for every encrypted message sent."
RPost predicts the market will shift from one of encrypting to protect strategic
secrets to one of encrypting for business compliance. With such a shift,
organizations will gravitate towards encryption providers that can meet this key
area of need -- auditable proof of compliant, secure email delivery.
The United States has had heightened awareness of data privacy regulations for
several years, and as a result, a higher percentage of business users encrypt
for compliance in the US market (79%) versus solely to protect strategic secrets
(19%). In the United Kingdom market, the reasons to encrypt are different --
those that encrypt to protect strategic secrets (43%) and for privacy compliance
(56%) are about even. (Data is based on RPost's 2017 end user survey respondents
filtered for the US and UK markets).
RPost® predicts growth in the market for encryption for business compliance and
a corresponding focus on retaining auditable proof of compliance such as that
provided by RMail's Registered Receipt(TM) record.
About RPost
The global leader in secure and certified electronic communications, RPost has
helped businesses enhance their security, compliance, and productivity for more
than a decade. RPost is the creator of the patented Registered Email(TM)
technology, which provides email senders with Legal Proof® evidence of delivery,
time of delivery, and exact message content in the form of a Registered
Receipt(TM) email record. Since inventing Registered Email technology in 2000,
RPost has successfully commercialized four software platforms -- RMail, RSign,
RForms, and RPostal -- used by more than 25 million people throughout the world
for email tracking, certified e-delivery proof, email encryption, e-signatures,
and more.
CONTACT INFORMATION
Elizabeth Kopple
ekopple(at)rpost.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RPost via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 538704
Anzahl Zeichen: 4609
contact information:
Town:
Los Angeles, CA
Kategorie:
Business News
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