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Trend Micro and Origo secure e-mail services for UK life and pensions sector
June 2009 by Marc Jacob
Trend Micro, Incorporated and strategic alliance partner Origo, the UK’s financial services industry standards body, announced that Trend Micro’s advanced encryption technology has been deployed to power its Unipass Securemail service to secure email communications between life insurers, pension providers and IFAs.
The alliance, a first in the industry, highlights both companies’ commitment to enabling financial services companies to exchange confidential data with their key stakeholders electronically and in an efficient, secure and cost-effective manner.
With financial services keen to adopt electronic business processes, Origo identified the need to introduce secure e-mail services. It subsequently launched an initial pilot programme last year to run encryption-based e-mail services for a number of leading UK life and pension companies with their networks of independent financial advisors (IFAs).
Since the completion of the successful pilot, Unipass Securemail featuring Trend Micro ™ Email Encryption has been rolled out across financial organisations and IFAs.
As part of the roll-out, Origo conducted a research study amongst 31 of the largest distributor groups, representing many thousands of IFAs to gain insight into current email practises and highlight the need for industry wide secure email services.
The research showed that the majority of firms (87%) did not currently have secure email systems, with over half of respondents (58%) highlighting that they were waiting for an industry standard to be put in place.
While this is the case, an alarming majority of respondents (94%) said they did use email to send personal, sensitive or confidential data.
