HSBC is implementing technology from California-based PGP Corporation to provide secure encrypted e-mail services to staff, customers and business partners and to comply with global data protection regulations.
The bank is deploying PGP's Universal Series 500 Gateway to enhance the level of protection over its global e-mail communications platform.
The vendor says its product will provide HSBC with additional assurances over the privacy of confidential information and customer data shared with customers and business partners via e-mail.
The technology will also enable the bank to meet the latest data protection regulations such as the UK Data Protection Act, the European Union Data Privacy Directive and California Senate Bill 1386 which require that organisations implement internal controls to prevent unauthorised access to confidential customer and company data.
Stephanie Daman, head of information assurance at HSBC, says as a global enterprise, the bank has to comply with many different information security regulations.
"We chose PGP Universal because it is trusted globally by business customers and can be adapted to meet the various regulatory requirements," adds Daman.