Press Release: Providence Risk Selects PGP Universal

PGP CORPORATION ANNOUNCES THAT PROVIDENCE RISK HAS SELECTED PGP UNIVERSAL TO PROTECT CONFIDENTIAL CLAIMS INFORMATION

Enterprise security product will help ensure HIPAA regulatory compliance

Palo Alto, CA/San Antonio, TX/20 July, 2004 – PGP Corporation, a global leader in digital information security, today announced that Providence Risk, a leading third-party claims administrator, will use PGP Universal to secure confidential patient information and email communications with business partners as part of its Health Insurance Portability and Accountability Act (HIPAA) compliance.

"As a third-party administrator with Group Health and Occupational Injury practices, we need to comply with HIPAA requirements regarding the electronic exchange of protected health information," said Diana Craft, CEO of Providence Risk. "Due to the nature of our business, almost everything Providence touches is confidential information. We decided the best way to ensure security was to encrypt all electronic messages rather than rely on people to remember to do the right thing at the right time." She said the company chose PGP Universal because it offered automatic encryption, decryption, and digital signatures plus two-way, policy-based enforcement that was transparent to users. "Our IT Manager said that everything he knew about email encryption revolved around PGP, which made PGP Universal the natural choice," Craft added.

"Providence Risk is helping set the standard for communications privacy by ensuring pervasive email security," said Phillip Dunkelberger, president and CEO of PGP Corporation. "PGP Universal is the ideal secure-messaging solution to secure confidential communications both within organizations and with the doctors, insurance companies, lawyers, and other providers that comprise their service networks."

About PGP Corporation
A recognized worldwide leader in secure messaging and information storage, PGP Corporation develops, markets, and supports products used by a broad installed base of enterprises, businesses, governments, individuals, and cryptography experts to secure proprietary and confidential information.

During the past ten years, PGP® technology has built a global reputation for open and trusted security products. The PGP Corporation family of products includes PGP® Universal—an automatic, self-managing, network-based solution for enterprises—as well as desktop, mobile, and SDK solutions. Venture funding is provided by DCM-Doll Capital Management and Venrock Associates. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

About Providence Risk
Providence Risk is the largest non-subscriber Third-Party Administrator (TPA) in Texas and one of the few TPAs that provides claims administration for both Occupational Injury and Group Health claims. The company offers a comprehensive solution for claims cost control geared to employers willing to assume a portion of the risk. Based in San Antonio, Texas, Providence Risk is a privately owned company founded to serve the needs of Texas-based organizations. For more information, visit the company's website at www.pristx.com/.

Media & analyst contact for Providence Risk:
Jeremy Leonard
+1 210 495 7595
info@pristx.com

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