That is certainly the essence of it, but that's almost trivialising email as "data packets that go down the wire" ;)
These are usually functions that are often offered by IRM packages:
(simplifying for the sake of this email)
* document expiry (the client key has built into it a time function, and if connected, the client is told by the server that the key has expired)
* restrict forward (the key is hidden in the client and cannot be retrieved, so you cannot forward the document to others)
* restrict by client ip/domain/etc...
* restrict ability for certain functions (eg. print, edit, copy)... clients usually integrated with software such as word/excel/powerpoint (in the case of microsloth) and disable that functionality
* traceability of the flow of the document itself...
It is something that is becoming more and more popular in organisations (especially as things move to the cloud and perimeter security is becoming irrelevant) - security now must be "packaged into the document itself"
As people have pointed out, seclore, pawaa, boule and a number of others offer good IRM solutions, however, i am looking for an open source one...
(it's a new frontier as it's really in it's commercial infancy; and it's changing the paradigm of "protecting from getting to the data at all" to "protecting and restricting the ability to act on that data"...)...
simran.