Breaking News - Security:

Protegrity Chosen For Data Security By Major Fortune 500 Company

Protegrity Corp announced that it has signed a contract with a company in the top 50 of the Fortune 500 to implement Secure.Data, the company's software solution for centralized management and auditing of data security policies and for data encryption. Secure.Data will be immediately installed to protect sensitive and private customer, employee, and financial data on 15 to 20 different servers operating Oracle and MS SQL Server-based applications. The contract was signed after the successful completion of a four-month pilot program.

The primary driver behind the decision was California SB 1386, a law that encourages businesses to encrypt non-public personal data in order to avoid penalties. The law affects all organizations that maintain information about California residents.

According to Ulf Mattsson, chief technology officer for Protegrity, Secure.Data was selected because of its robust and mature technical capabilities, ease of deployment, and price/performance strengths. "During the evaluation process, the client recognized that data encryption offered distinct advantages to application- or hardware-based security solutions," said Mattsson. "We won the contract for a variety of reasons, including our patented and automatic key management, the ability to separately manage and audit security responsibilities, and our solution's ability to effectively secure data with minimal impact on application performance."

"The business value of our solution was clear to the client," said Gordon Rapkin, president and CEO. "Decision makers realized they could rapidly deploy a complete and proven solution with minimal staff resources. They avoided the risks and challenges of customizing mission-critical applications and gained legal compliance with a highly cost effective investment."

Corporate customers implement Protegrity's solutions to centrally define and manage enterprise data security policies and to comply with current and emerging regulations such as HIPAA, Sarbanes-Oxley, and Visa's Cardholder Information Security Program (Visa CISP), as well as California SB 1386. Secure.Data selectively encrypts sensitive data at the data-item level for database and storage security. The solution, which incorporates patented security technology, delivers a unique combination of strong data protection and extensive auditing and management reporting capabilities, without impacting existing applications and IT infrastructure.