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Items tagged with McAfee
Intel has sold more than half of its stake in McAfee, the security outfit it acquired in 2010 for $7.68 billion, and will not support the brand as a standalone company. The deal makes McAfee one of the largest pure-play cybersecurity firms in the world. Upon closing the transaction, McAfee CEO Christopher D. Young wrote an open letter to Intel Security's stakeholders expressing optimism for the company's future. "Today, a new McAfee is born," Young wrote. "One that promises customers cybersecurity outcomes, not fragmented products. One that vows to move this industry forward by working with competitors,...
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John McAfee, the antivirus pioneer who created one of the world's most popular security programs and later sold it to Intel for $7.68 billion, is now suing the Santa Clara chip maker for the rights to his name. Apparently McAfee wants to rename his digital gaming company MGT Capital Investments Inc. to John McAfee Global Technologies Inc. Since McAfee named his former antivirus software company after himself as McAfee Associates, Inc. in 1987 and then ultimately sold the security outfit to Intel, he's put himself in tough spot. Intel has already told him that if he proceeds with his plan, he'll...
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Intel, the world's largest chipmaker, is reportedly mulling a sale of its cyber security business, depending on how much it's worth on the open market. The Santa Clara outfit would like to recoup the nearly $7.7 billion it paid for McAfee in 2010. Now known as Intel Security, it could be an enticing option for private equity investors looking to buy a stake in the fast growing cyber security market.With high profile security breaches on the rise, corporate entities are looking for ways to keep their businesses safe from online threats. That's created a hot market for security firms. As the Financial...
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John McAfee is adding a new bullet point to his resume: U.S. presidential candidate. Yes, this is the same McAfee who developed the first commercial antivirus software for computers, which was later sold to Intel, and it's same McAfee who fled his residence in Belize after his neighbor turned up dead.This is not a joke or a hoax. McAfee filed the necessary paperwork with the Federal Election Commission to run for president, paperwork that The Hill said it "confirmed" as being authentic with Kyle Sander, one of McAfee's campaign directors. According to Sander, McAfee will create a "new party yet...
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It's said that real life is sometimes stranger than fiction, and that couldn't be any more truer when it comes to John McAfee, a former programmer for NASA and founder of McAfee Associates, a computer antivirus company that's now owned by Intel. His story contains drugs, an unsolved murder investigation, foreign government conspiracies, and even a faked heart attack, some of which he'll discuss during a Dateline NBC special titled "The Fugitive Millionaire" that's set to air on Thursday, March 26 at 8pm/7c. We have the inside scoop. NBC Universal provided HotHardware with a few excerpts of the...
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Flappy Bird developer Dong Nguyen has promised to bring his popular game back to app stores in August complete with a multiplayer component next time around, but if that isn't incentive enough to wait for the real deal, perhaps the risk of malware infection will push you to patience. According to the latest Threats Report from McAfee Labs, nearly 80 percent of the Flappy Bird clones contain malicious code. McAfee sampled 300 Flappy Bird clones late in the first quarter of this year. Of those 300 samples, 238 of them were malicious. That means you have a mere 1 in 5 shot at picking out a harmless...
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In the quest to quell all the malware that persists in the world, you need a good antimalware solution, but one is not just as good as the next. In a new report, Dennis Technology Labs compared 9 of the top anti-malware products from various companies to see which handled the onslaught the best. Kaspersky Internet Security 2014 topped the list, boasting 100% “Legitimate Accuracy” and 99% “Total Accuracy”, while ESET Smart Security 7 wasn’t far behind with 100% and 98% respectively, and third place went to Norton Internet Security with 97% and 97%. Bringing up the rear...
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You know malware is a steadily growing problem, but if you aren’t tuned into the cyber security industry, you might not know just how fast the threat is exploding. Hackers are taking computers hostage, stealing credit card data at ever-increasing rates, and spammers are winning the email war. McAfee released a new report that documents trending malware problems and shines a light on Deep Web, the underbelly of the Internet. The browser remains a top entry point for cyber attackers. Image credit: McAfee It’s been a banner year for malware. Rootkits are a major problem, as are the autorun...
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Intel’s McAfee Division Alleged to Have Grossly Exaggerated ‘Trillion-Dollar’ Global Cost of Hacking
Well now, this is awkward. You may recall a study conducted by McAfee a few years back in which it was revealed that businesses were at risk of losing over $1 trillion from "loss or theft of data and other cybercrime." That figure has been cited on more than one occasion by top government officials, including President Barack Obama, but it turns out the the financial impact of hacking may have been grossly exaggerated. In a report scheduled to be released on Monday by the Center for Strategic and International Studies (CSIS), McAfee admits that its previous figure might be three times the actual...
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Adobe is getting the word out that a flaw related to its Acrobat and Reader software can cause some data leakage from PDFs. The company’s Product Security Incident Response Team (PSIRT) noted the issue on its blog and promised to solve the problem with the next security update to Adobe Reader and Acrobat, which is slated for May 14th. Adobe's headquarters in San Jose, Calif. Image credit: Adobe Adobe views the data leakage issue to be a “low severity” problem, as the only information that ends up being exposed is the users IP address and timestamp. The problem only occurs when...
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It’s not clear how many jobs will be lost, but according to a Reuters report, at least a small percentage of Intel’s McAfee security division will be getting the pink slip soon. McAfee has about 7,100 employees, so even a “small percentage” could be a lot of people. McAfee is best known for its desktop PC security software, and the division--which was apparently worth up to $7.7 billion when Intel bought it early last year--and a dip in PC sales market-wide may be having an impact on McAfee’s bottom line as it competes with number one security software maker Symantec....
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During the Day Two keynote address at the Intel Developer Forum, Renee James, Senior Vice President and General Manager of Intel’s Software & Services Group, talked about software development, security and services in an “age of transparent computing”. Much of the talk was geared towards software developers and the desire to code once and deploy across a variety of hardware platforms, which of course lead to a long discussion on the benefits and virtues HTML 5, which Intel obviously is firmly behind. During the security-centric portion of the keynote, however, Renee...
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According to the latest McAfee Threats Report, the threat of malware is stronger than it has been in the last four years. The McAfee Threats Report for the Second Quarter 2012 found an increase in malware compared to the first quarter of this year (which was previously rated as the busiest period in recent history). This increase is significant: There were 1.5 million more unique malware samples in McAfee's "zoo" collection than the previous quarter. Overall, McAfee found growth in established rootkits as well as an increase among password-stealing Trojans. Mac users aren't immune, either:...
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Firefox has had its share of problems over the years, the biggest (and most persistent) one being the well documented memory leak. Some suffer from it, others don't. But frequent crashes? If you happen to be experiencing those, check your add-ons, and specifically look for McAfee's SecureScan. According to Mozilla, McAfee's plug-in is known to misbehave and "causes a high volume of crashes." This behavior landed the add-on on Mozilla's 'Blocklist.' "Users are strongly encouraged to disable the problematic add-on or plugin, but may choose to continue using it if they accept the risks described,"...
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