News From Around The Web

Price of Stolen Credit Card Data Has Dropped to $1.50

2010-09-22T09:33:39Z

The good news for those shopping for stolen credit card data, according to a blog by former Washington Post reporter Brian Krebs, is that competition has driven down the typical price to $1.50 per card. The bad news, he says, is that these black-market sites have begun tacking on fees.

(ISC)2® Announces Winners of 2010 U.S. Government Information Security Leadership Awards

2010-10-07T10:00:00Z

PALM HARBOR, Fla., Oct. 7 /PRNewswire/ -- (ISC)2® ("ISC-squared"), the world's largest information security professional body and administrators of the CISSP®, today announced the winners of its seventh annual U.S. Government Information Security Leadership Awards (GISLAs). (Logo: http://p

Seculert Secures Funding For Cloud-Based Threat Detection Software

2010-10-06T14:23:56Z

Seculert, a young startup building cloud-based software that comprehensively detects cyber threats affecting corporate networks, this morning announced that it has raised funding from YL Ventures.

The size of the round was not disclosed, but I’m told it concerns a “very significant 7-digit USD figure”.

Seculert’s flagship product, dubbed Cyber Threat Management, is a subscription-based SaaS offering for enterprises, governments and service providers. It essentially provides organizations with early detection of global cybercrime activity that may pose threats to their network (e.g. malware), together with information related to the affected network domains.

Since the software operates outside of the corporate network, it doesn’t require any changes to existing network settings and doesn’t affect its performance as such.

Seculert was founded by computer security veterans Ron Kraitsman, Alex Milstein, Aviv Raff and Dudi Matot.

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Seculert

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Intel buys security software firm McAfee for $7.68B

2010-08-19T13:41:00Z

Intel announced today that it will acquire McAfee, maker of anti-virus and other security software, for $7.68 billion in cash, or $48 per share.

The per share price is 60 percent more than McAfee’s $29.93 closing price on Wednesday. McAfee shares jumped 58 percent after the deal was made public to $47.42 in pre-market trading, while Intel shares dipped 2.5 percent to $19.11, the AP reports.

The boards of both companies have unanimously approved the deal, but it’s still pending McAfee shareholder and regulatory approval. Intel said the deal “reflects that security is now a fundamental component of online computing.” Intel went on to say that security is now just as important to the company as energy efficiency and internet connectivity.

McAfee will become a wholly owned subsidiary of Intel and will report to its Software and Services Group. Both companies are based in Santa Clara, Calif. Founded in 1987, McAfee has some 6,100 employees, and saw $2 billion in 2009 revenue.

Intel will benefit from McAfee’s entrenched position in the security field, and McAfee may be able to optimize its notoriously performance-hungry software now that it’s a part of the company that provides the CPUs to many computers.

Intel recently announced its best quarter ever with $2.9 billion in profit, thanks to an influx of delayed computer purchases by businesses.

Photo via cytech

Tags: antivirus, security, software

Companies: Intel, McAfee

HP Tightens Application Security With Fortify Software Acquisition

2010-08-17T14:08:00Z

HP plans to buy application security player Fortify Software, an acquisition that HP said will help security applications throughout their life cycle.

PCI Update Gets Mixed Reviews

2010-08-16T17:44:22Z

Wait-and-See Experts Say 'The Devil is in the Details'
Glaringly lacking, or a positive first step? Both terms have been used to describe the newly-released summary of proposed changes to the Payment Card Industry Data Security Standard.

McAfee Completes Mobile Security Portfolio with tenCube Acquisition

2010-08-02T14:24:38Z

The acquisition of tenCube, makers of the Wave Secure mobile security solutions, will allow security giant McAfee to enlarge its capabilities in the mobile security market, according to the company. - Security technology company McAfee announced it has entered into a definitive agreement to acquire privately owned tenCube, the provider of the WaveSecure mobile security service. The deal will create for McAfee a single platform, from the consumer to the enterprise, to address the management and se...

PCAOB Ups Auditors' Double-Checking Duties

2010-07-17T03:05:00Z

A proposed rule would expand the types of accounts that audit firms need to verify with a third party.

To 404(b), or Not to 404(b)?

2010-07-12T16:48:00Z

Small companies will soon learn whether they will have to comply with Sarbox's requirement to get an auditor's sign-off on internal controls.

IBM to Acquire BigFix to Advance Smarter Data Centers

2010-07-01T13:00:00Z

ARMONK, N.Y., July 1 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) today announced it has entered into an agreement to acquire BigFix, Inc., a privately-held company based in Emeryville, Calif. The move aims to accelerate IBM's efforts to help organizations more intelligently secure the enterprise

Trustwave Acquires Breach Security

2010-06-22T04:00:00Z

Trustwave has acquired Breach Security for an undisclosed sum, an acquisition that the company said would bring Breach Security's Web application firewall together with Trustwave's own enterprise security tools.

Compliance Watch: Keeping Client Data Safe

2010-05-14T15:50:12Z

Is it reasonable to expect advisers to comply with privacy rules in 50 separate states? The short answer is ‘Yes,’ because it’s your business and livelihood, says David Edwards, president of Heron Financial Group, LLC. Conducting an annual data privacy review is a key strategy for keeping up with a maze of state and federal privacy laws. Compliance Watch columnist Suzanne Barlyn speaks with Edwards to learn more about how advisers can best comply with multiple privacy rules that are often changing.

SenSage Survey Findings Reveal Enterprise Security and Compliance Weaknesses

2010-05-05T12:05:00Z

SAN FRANCISCO, May 5 /PRNewswire/ -- SenSage today announced the results of an industry survey on security management practices taken during last month's RSA Conference. The survey of 360 security professionals identifies several weaknesses in respondents' log management, compliance reporting, real-

PCI Council Launches Certification Program for IT Staff

2010-04-30T04:00:00Z

The organization responsible for administering the Payment Card Industry Data Security Standard has launched a new program to help enterprises conduct self-assessments of their compliance with the standard.

Symantec Buys Encryption Specialist PGP for $300M

2010-04-29T04:00:00Z

Symantec will acquire encryption specialist PGP and endpoint security vendor GuardianEdge Technologies for US$300 million and $70 million respectively, the company said on Thursday.

Insider Threat: Your Greatest Risks

2010-04-01T16:34:56Z

Interview with Dawn Cappelli of Carnegie Mellon University's Software Engineering Institute
Insider crimes are among the biggest threats to public and private sector organizations. And yet too many groups continue to struggle to prevent or even detect these crimes.

In an exclusive interview, Dawn Cappelli of Carnegie Mellon University's Software Engineering Institute, discusses:

Insider threat trends;
Biggest challenges for organizations looking to prevent crimes;
Steps organizations can take to reduce risk.

Study Calls for More C-Level Involvement in Cybersecurity

2010-03-31T04:00:00Z

Organizations with top executives who aren't involved in cybersecurity decisions face a serious problem -- a major hit to their bottom lines, according to a report released Wednesday.

Auditing Your Auditor

2010-04-01T15:06:00Z

After nearly a decade of turmoil, companies have gained the advantage in negotiating with their auditors.

Why ECPA Should Make You Think Twice About the Cloud

2010-03-31T04:00:00Z

The Digital Due Process coalition is pushing Congress to modernize privacy laws in the United States. The coalition--comprised of technology companies and special interest groups, including Microsoft, Google, EFF (Electronic Frontier Foundation), ACLU (American Civil Liberties Union), eBay, and others--feels that existing privacy regulations do not adequately protect data in the digital era, and could stop businesses from embracing cloud computing.

N.Y. Man Sues McAfee Over Antivirus Auto-Renewal Fees

2010-03-29T04:00:00Z

The New York man who sued Symantec two months ago for automatically renewing his subscription to that company's antivirus software has doubled down by suing rival McAfee over the same practice.