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Symantec sells Veritas to Carlyle for USD 8 billion
2015-08-11 15:34:00| Telecompaper Headlines
(Telecompaper) Symantec has agreed to sell its information management business, known as Veritas, to an investor group led by the Carlyle Group together with GIC, Singapore's sovereign wealth fund, for USD 8 billion. Veritas offers a range of software and systems to help businesses organize, manage and store their information. It had revenues of USD 2.4 billion in 2014 and serves 75 percent of the Fortune 500 countries. Symantec announced last October the decision to spin off the information management business under the name Veritas and consider strategic options for the activities, so it could focus on its core security software business. With the sale to Carlyle, Symantec said it expects to receive a net USD 6.3 billion in cash proceeds, which it will use for capital returns to shareholders as well as investing in its security business. The company already announced a USD 1.5 billion increase in its share buyback programme to a total USD 2.6 billion and said it will maintain its quarterly dividend of 15 cents a share.
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User mistakes aid most cyber attacks, Verizon and Symantec studies show
2015-04-14 09:07:30| IT Services - Topix.net
When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security firms can flog their products and services, and government officials can push for tougher regulation or seek more money for cyber defenses.
User mistakes aid most cyber attacks, Verizon and Symantec studies show
2015-04-14 08:47:21| Telecom - Topix.net
When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack. If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security firms can flog their products and services, and government officials can push for tougher regulation or seek more money for cyber defenses.
Symantec Study Finds Home Smart Devices Wide Open to Cyber-Attack
2015-03-18 08:03:42| Wireless - Topix.net
In an analysis of 50 Internet of things devices, security technology company Symantec found numerous vulnerabilities in products ranging from electronic locks to smart thermostats. Companies creating smart devices for the home promise a more energy- and time-efficient future, but are failing to secure their products, potentially making the homes of early adopters less secure, according to a study of some 50 consumer smart devices by security firm Symantec.
Symantec is making Norton-protected pants
2014-12-17 20:51:24| Extremetech
The more we use devices to store and access sensitive data, the more layers of protection are needed. In this case, Symantec, makers of the famed Norton brand, are adding a physical layer of protection: pants.
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