1. A method of decrypting encoded data in a processor of a computer, wherein the processor is connected to a plurality of storage components including a first storage component and a second storage component, said method comprising the steps of: receiving a user entered PassKey into the processor, wherein the PassKey was previously created by the user; retrieving a first portion of a Split Private Key into the processor from a first storage component; retrieving a second portion of a Split Private Key from a second storage component; and decrypting the encoded data in the process of a computer using the first portion and second portion of the Split Private Key, to facilitate the secure receipt of information; wherein the PassKey is not stored in a persistent state on any of the plurality of storage components connected to the processor.