System News
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Archived Symantec News Articles
08 Jun 2017
open to premium members only
Symantec's CEO Says the Company's Got Its Groove Back [64173]
Fortune, June 8th 2017

Robert Hackett writes in Fortune, "When Symantec CEO Greg Clark catches wind of rivals knocking his company, he smirks.

He has led the cybersecurity giant for about a year after it acquired network defense firm Blue Coat, which he formerly led, for more than $4.6 billion. Since then, he has been plowing ahead with a revamp of the 35-year-old company. At the core of that transformation are two big bets: one on the integration of Blue Coat's technology, which protects corporate networks from digital attacks; the other on a $2.3 billion purchase of LifeLock, which protects consumers against identity theft..."
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07 Jun 2017
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Symantec and the changing of the guard in cybersecurity [64174]
CIO DIVE, June 7th 2017

Justine Brown writes in CIO DIVE, "Once upon a time, Symantec Corporation was synonymous with computer security. From its founding in 1982 and well into the 1990s, the company led the industry in computer virus detection and protection.

But the cybersecurity landscape has changed dramatically over the years. While spam and rudimentary computer viruses were the enemy back them, today record-breaking IoT-based botnet attacks and global ransomware like WannaCry are the norm.

As a result, large established security vendors - including Symantec, Cisco, IBM, Check Point and Intel - have a harder time competing against emerging vendors like Palo Alto Networks, Fortinet, Trend Micro, FireEye and Forcepoint, according to a Technology Business Research (TBR) report released in February..."
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22 May 2017
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WannaCry: Ransomware attacks show strong links to Lazarus group [63807]
Symantec, May 22nd 2017

Tools and infrastructure used in the WannaCry ransomware attacks have strong links to Lazarus, the group that was responsible for the destructive attacks on Sony Pictures and the theft of US$81 million from the Bangladesh Central Bank. Despite the links to Lazarus, the WannaCry attacks do not bear the hallmarks of a nation-state campaign but are more typical of a cybercrime campaign. Our analysis only allows us to attribute these attacks to the Lazarus group. The technical details do not enable us to attribute the motivations of the attacks to a specific nation state or individuals.
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19 May 2017
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An Integrated Defense Strategy to Fight Ransomware at Every Attack Point [63581]
Symantec News, May 19th 2017

Naveen Palavalli blogs, "The WannaCry ransomware attack has wreaked havoc across the globe and dominated headlines for days. There is a lot of good research out there that has covered this attack. Unfortunately, this is just the latest - and perhaps the starkest - reminder that ransomware is on the rise. As noted in Symantec's latest Internet Security Threat Report (ISTR-22), in just the last year, we saw more than one million new malware variants every day and the number of ransomware 'families' tripled.

Given those trends, we can be sure the WannaCry ransomware attack will not be the last..."
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17 May 2017
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Despite Increased Focus, Government Insider Threats Not Declining [63582]
Symantec News, May 17th 2017

Chris Townsend blogs, "This week - in conjunction with MeriTalk - we released 'Inside Job: The Sequel - The 2017 Federal Insider Threat Report,' which surveyed 150 Federal IT managers to find out where agencies stand on insider threat protection. What's working? What's not? What are the challenges and solutions?

First, the good news: 85 percent of respondents say their agency is more focused on combating insider threats today than one year ago (up from 76 percent in 2015). In addition, most agencies are formalizing their efforts - 86 percent say they have a formal insider threat prevention program, a big jump up from just 55 percent in 2015..."
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15 May 2017
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WannaCry Ransomware: 6 Implications for the Insurance Industry [63580]
Symantec News, May 15th 2017

Pascal Millaire blogs, "The WannaCry ransomware is one of the most significant and widespread cyber security attacks ever experienced. In addition to causing substantial disruption to businesses globally, it also illustrates the emerging risks that the insurance industry faces when it comes to cyber attacks.

This article provides background about the attack, which continues to unfold, and calls out implications for the insurance industry as cyber risk permeates more aspects of the global economy..."
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