Security platform for the British bank

Retail and commercial banking operations in the UK are planned to be provided with the protection against information theft. The Barclays Bank acquired encryption technology from California-based PGP Corporation.

PGP's Encryption Platform will be used by the bank as the base for the financial data security policy. According to the vendor by means of the new system Barclay's information is to be secured "in a variety of forms".

The technology was chosen on account of its flexible and adjustable system which may be upgraded to promote popularity of encryption technology and at the same time enable global market standards compliance.

The vendor notes that the system is very adaptable and can be easily conformed to often shifting audit, compliance and data security regulations. Furthermore it is able to decrease operational costs at the expense of the reduction of undue training, management and support requirements.

"Together with its proven track record in delivering enterprise data protection solutions, the breadth of PGP solutions assured us that it could address a wide variety of encryption needs today, whilst supporting innovation for tomorrow," says Rick Carey, COO, global retail and commercial banking technology, Barclays.