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In this video tutorial, Hackersploit discusses PGP and how to use it on both Windows and Linux. PGP stands for Pretty Good Privacy, which is an encryption program that provides cryptographic privacy and authentication for data communication. It is used for signing, encrypting, and decrypting text, emails, files, directories, and disk partitions to increase security during transmission. Essentially, PGP allows you to securely send files and messages over the internet without interception and deciphering.