Though the lack of a single standard for e-mail encryption has hindered adoption of the technology, financial firms are pressing slowly forward. Case in point: BNP Paribas' announcement last month that it has implemented an encryption product from PGP Corp.
According to French bank BNP Paribas, the new software will help secure e-mails to business partners, regulators and customers. The system from Palo Alto, Calif.-based PGP permits the bank to set encryption policies based on content, sender and recipient, among other factors, and can also be used in conjunction with IBM's Lotus Notes.
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