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The video tutorial by Hackersploit explores Pretty Good Privacy (PGP) and its usage on both Windows and Linux operating systems. PGP is an encryption program that ensures cryptographic privacy and authentication for data communication, enabling secure transmission of files and messages over the internet. It is used for signing, encrypting, and decrypting text, emails, files, directories, and disk partitions to enhance security during transmission. PGP stands for Pretty Good Privacy and provides a secure means of sending files and messages without interception or decryption.