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Cloud-Based Email Archiving Provider LiveOffice Delivers Polic
Encryption
FTC set to enforce Red Flags Rules on Nov. 1, raising the bar on identity theft p
10.19.2009 – With more than 10 million identity theft victims in 2008, a 22 percent
increase from 2007, and the Federal Trade Commission (FTC) taking a strong
position on enforcing written identity theft prevention plans, policy-based encryption
has become a key point of emphasis for companies working with private records.
Today LiveOffice, the leading provider of software-as-a-service (SaaS), email
archiving, email hosting and email continuity solutions, announced the availability of
policy-based encryption, which provides organizations with end-to-end protection for
all messages and attachments while in transit.
With more companies moving away from paper-based records, emails frequently
contain sensitive information, such as medical records, intellectual property,
financial figures and other highly sensitive information that is subject to regulatory
compliance requirements. Further complicating security concerns, email traffic is
totaling more than 247 billion messages per day in 2009 and facing a projected
increase to 507 billion by 2013. This rapid growth of email in conjunction with
increased security concerns has led to stricter regulatory enforcement. Such
regulations include the Health Insurance Portability and Accountability Act (HIPAA),
the United Kingdom Data Protection Act, the Gramm-Leach-Bliley Act (GLBA) and,
most recently, the FTC’s Red Flags Rules, which are part of the Fair and Accurate
Credit Transactions (FACT) Act of 2003. The Red Flags Rules require financial
institutions (including most securities firms) and creditors to develop and implement
written identity theft prevention programs that “detect, prevent and mitigate instances
of identity theft.”
Policy-Based Encryption, Building on the Basics
Historically, email encryption required significant intervention from the sender, who
had to manu