If Sheila Jordan and the rest of Symantec’s senior leadership team complete their vision they will transform the company into the Amazon.com of cybersecurity, essentially a one-stop shop where CIOs and consumers alike can buy digital tools to protect their data assets.
The hackers spreading ransomware are getting greedier. In 2016, the average ransom demand to free computers hit with the infection rose to US$1,077, up from $294 the year before, according to security firm Symantec.
“Attackers clearly think that there’s more to be squeezed from victims,” Symantec said in a Wednesday report.
Aiming to boost its consumer security business, Symantec is acquiring LifeLock, a vendor of identity protection services, for US$2.3 billion in enterprise value. The deal will create what the two companies described as the world’s largest consumer security business with over $2.3 billion in annual revenue based on last fiscal year revenue for both companies. […]
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