Intel divests McAfee after rough marriage

Credit to Author: Agam Shah| Date: Tue, 04 Apr 2017 03:23:00 -0700

Intel’s finally washing its hands of McAfee after seven up and down years, which included a lawsuit last year from John McAfee, after whom the company is named.

The chip maker has divested its majority holdings in McAfee to investment firm TPG for $3.1 billion.

McAfee will now again become a standalone security company, but Intel will retain a minority 49 percent stake. The chip maker will focus internal operations on hardware-level security.

For Intel, dumping majority ownership in McAfee amounts to a loss. It spent $7.68 billion to acquire McAfee in 2010, which was a head-scratcher at the time. Intel’s McAfee acquisition will stand as one of the company’s worst acquisitions.

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Consumer Reports to grade tech products on security, privacy

Credit to Author: Michael Kan| Date: Mon, 06 Mar 2017 14:01:00 -0800

Consumer Reports, a major source for gadget and appliance reviews in the U.S., plans to start rating products on data security and privacy.

On Monday, the nonprofit publication unveiled a set of new testing standards it hopes will push the tech industry to create safer products.

“The goal is to help consumers understand which digital products do the most to protect their privacy and security, and give them the most control over their personal data,” the publication said.

Already, cybersecurity  experts are finding new tech products, whether they are cars or smart teddy bears, that are often poorly secured and easy to hack.  

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Microsoft's president wants a Geneva Convention for cyberwar

Credit to Author: Blair Hanley Frank| Date: Tue, 14 Feb 2017 08:52:00 -0800

Microsoft is calling for a Digital Geneva Convention, as global tensions over digital attacks continue to rise. The tech giant wants to see civilian use of the internet protected as part of an international set of accords, Brad Smith, the company’s president and chief legal officer, said in a blog post.

The manifesto, published alongside his keynote address at the RSA conference in San Francisco on Tuesday, argued for codifying recent international norms around cyberwarfare and for establishing an independent agency to respond to and analyze cyberattacks.

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Intel, McAfee dispute heads for settlement talks

Credit to Author: John Ribeiro| Date: Mon, 13 Feb 2017 03:22:00 -0800

A dispute between Intel and security expert John McAfee over the use of his name for another company is headed for settlement talks, according to court records.

The move comes shortly after the federal court refused John McAfee and MGT Capital Investments, the company to be renamed, a preliminary injunction on Intel’s transfer of marks and related assets containing the word McAfee, as part of a proposed spin-out by the chipmaker of its security business as a separate company that would be called McAfee.

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Microsoft lawsuit against indefinite gag orders can proceed

A Microsoft lawsuit against the U.S. Department of Justice over indefinite gag orders attached to search warrants can proceed, following a federal judge’s ruling on Thursday.

The tech titan sued last year to end the government’s practice of indefinitely blocking it from informing customers of search warrants for their information. Microsoft alleged that such orders violate its First Amendment frees speech rights and the Fourth Amendment privacy rights of its users.

The Justice Department argued that Microsoft couldn’t bring either of the claims in a motion argued in front of the judge two weeks ago.

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Yahoo pushes back timing of Verizon deal after breaches

Verizon’s planned acquisition of Yahoo will take longer than expected and won’t close until this year’s second quarter, the internet company said on Monday.

The $4.8 billion deal was originally slated to close in the first quarter, but that was before Yahoo reported two massive data breaches that analysts say may scrap the entire deal.

Although Yahoo continues to work to close the acquisition, there’s still work required to meet closing the deal’s closing conditions, the company said in an earnings statement, without elaborating.

Verizon has suggested that the data breaches, and the resulting blow to Yahoo’s reputation, might cause it to halt or renegotiate the deal.

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