Symantec Research Provides Key Evidence for International Cybercriminal Takedown
December 16, 2016
Three men arrested in Romania and extradited to the U.S. for $35 million USD fraud operation known as “Bayrob” Symantec Corp. (NASDAQ: SYMC), the global leader in cyber security, today revealed the findings of a decade-long research campaign that helped unearth an international cybercriminal gang dubbed “Bayrob.” Symantec’s wealth of intelligence led to a successful FBI sting operation and the capture of three criminals in Romania. The group is responsible for stealing up to $35 million USD from victims through auto auction scams, credit card fraud and computer intrusion. Through its research, Symantec discovered multiple versions of Bayrob malware, collected helpful intelligence data, and witnessed Bayrob as it morphed from online fraud to a 300,000+ botnet for cryptocurrency mining. Over time, Symantec’s research team gained deep technical insight into Bayrob’s operations and its malicious activities, such as its recruitment of money mules. “The Symantec Security Response team...
Symantec Files Patent Infringement Suit Against Zscaler, Inc.
December 12, 2016
Company Takes Legal Action to Safeguard Patented Technologies Symantec Corp. (NASDAQ:SYMC) today announced that it has filed a patent infringement lawsuit against Zscaler, Inc. in the U.S. Federal District Court for the District of Delaware. The lawsuit asserts that Zscaler products violate seven of Symantec’s patents across a variety of network security technologies including web security, data loss prevention, threat prevention, access control and antivirus techniques. This lawsuit is based on U.S. Patent Nos. 6,279,113; 7,203,959; 7,246,227; 7,392,543; 7,735,116; 8,181,036; and 8,661,498. “We have an obligation to our customers and our shareholders to defend our intellectual property when we believe it has been infringed, and the lawsuit filed against Zscaler is intended to stop them from copying our pioneering technologies in network security,” said Scott Taylor, Symantec’s Executive Vice President, General Counsel and Secretary. “Since 2004, Symantec has invested over $10 billion...
Symantec to Acquire LifeLock for $2.3 Billion to Form World’s Largest Digital Safety Platform for Consumers and Families
November 20, 2016
Combines Norton, the #1 Consumer Security brand, and LifeLock, a leading Identity Protection provider Combination will expand addressable market, broaden value proposition, and enable sustainable consumer segment revenue and profit growth Company reaffirms fiscal year 2017 non-GAAP financial guidance Company reaffirms fiscal year 2018 non-GAAP EPS guidance; acquisition expected to be accretive to FY2019 non-GAAP EPS MOUNTAIN VIEW, Calif. & TEMPE, Ariz. -(BUSINESS WIRE)- Symantec Corp. (NASDAQ:SYMC) and LifeLock, Inc. (NYSE:LOCK) today announced that they have entered into a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions including LifeLock stockholder approval. In the last year, one third of American citizens and over 650 million people globally...