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In this video, the speaker discusses openpgp, also known as Pretty Good Privacy (PGP), which is an encryption program used for securing data communication by signing, encrypting, and decrypting texts, emails, files, directories, and disk partitions. Developed in 1991 by Phil Zimmerman, PGP follows the OpenPGP standard and utilizes a combination of hashing, data compression, symmetric key cryptography, and public key cryptography to enhance the security of email communications. each public key is also bound to a username or an email address.