Intel Spins Out McAfee as a Separate Security Company

Spoiler: Intel didn't get its $7.7B back.

Intel spinout: McAfee is back

Intel is going to spin out its subsidiary Intel Security as a joint venture with investment firm TPG, redubbing the new entity with its old name – McAfee.The deal calls for TPG to make a $1.1 billion equity investment and own 51 percent of the company, with Intel retaining 49%.In a joint statement the companies say the investment will be used to help the spinout gain its feet as a stand-alone business and to drive growth.Intel bought McAfee in 2010 for $7.68 billion with the intent of tying McAfee’s security technology with Intel’s chips.Since then Intel has incorporated technology in some chips that power features of its security software, and Intel Security’ endpoint protection technology is well thought of, consistently ranking among the leaders in Gartner’s analysis of that category. It is ranked number two in market share behind Symantec and in front of Trend Micro.To read this article in full or to leave a comment, please click here

Intel spinout: McAfee is back

Intel is going to spin out its subsidiary Intel Security as a joint venture with investment firm TPG, redubbing the new entity with its old name – McAfee.The deal calls for TPG to make a $1.1 billion equity investment and own 51 percent of the company, with Intel retaining 49%.In a joint statement the companies say the investment will be used to help the spinout gain its feet as a stand-alone business and to drive growth.Intel bought McAfee in 2010 for $7.68 billion with the intent of tying McAfee’s security technology with Intel’s chips.Since then Intel has incorporated technology in some chips that power features of its security software, and Intel Security’ endpoint protection technology is well thought of, consistently ranking among the leaders in Gartner’s analysis of that category. It is ranked number two in market share behind Symantec and in front of Trend Micro.To read this article in full or to leave a comment, please click here

38% off Maxboost 4.8A/24W Dual USB Port Smart Car Charger – Deal Alert

Don't roll the dice with those cheap chargers you find in the impulse section near the cash register. This one from Maxboost is an Amazon #1 best seller with 4.5 out of 5 stars from over 7,300 people (read reviews). Amazon indicates that its typical list price of $15.99 has been reduced 38% to $9.99. Keep this 24W / 4.8A USB car charger in the glove box, and know that you'll have juice for your tablet, phone, or other USB mobile device any time you need it while on the road. It features dual USB ports, a compact rugged design, and intelligent circuitry to prevent against short circuiting, over-heating, over-currents, and over-charging. See this highly rated and discounted dual port USB charger now on Amazon.To read this article in full or to leave a comment, please click here

Election exploits: What you need to know [infographic]

In late August, an FBI alert warning state election officials about an attack on voter registration databases from Illinois and Arizona was leaked and posted in a report on Yahoo News.To read this article in full or to leave a comment, please click here(Insider Story)

University of California to send some IT jobs to India

The University of California is laying off a group of IT workers at its San Francisco campus as part of a plan to move work offshore.The layoffs will happen at the end of February, but before the final day arrives the IT employees expect to train foreign replacements from India-based IT services firm HCL. The firm is working under a university contract valued at $50 million over five years.This layoff may have huge implications. That's because the university's IT services agreement with HCL can be leveraged by any institution in the 10-campus University of California system, which serves some 240,000 students and employs some 190,000 faculty and staff.To read this article in full or to leave a comment, please click here

Engineering firm uses cloud storage to speed file loads, and then unplugs its MPLS net

Woodard & Curran is a $200 million integrated engineering, science, and operations company based in Portland, Maine, but has offices scattered across the country. Kenneth Danila, Director of Information Systems, recently helped migrate the company to a cloud based storage system from Panzura to eliminate long delays in sharing huge engineering files, and that shift enabled the company to swap out its expensive MPLS network. Ancillary benefits included a painless way to migrate from one cloud supplier to another (AWS to Azure), and a way to limit the threat of ransomware.  Network World Editor in Chief John Dix recently caught up with Danila in his Dedham, MA office. To read this article in full or to leave a comment, please click here

HPE Spinning Off Software Assets to Micro Focus

The slimming-down continues.

Why quantum computing has the cybersecurity world white-knuckled

As quantum computers inch closer to reality, experts are sweating over their potential to render many of today's cybersecurity technologies useless. Earlier this year the U.S. National Institute of Standards and Technology issued a call for help on the matter, and this week the Global Risk Institute added its voice to the mix.Because of quantum computing, there's a one-in-seven chance that fundamental public-key cryptography tools used today will be broken by 2026, warned Michele Mosca, co-founder of the University of Waterloo's Institute for Quantum Computing and special advisor on cybersecurity to the Global Risk Institute. By 2031, that chance jumps to 50 percent, Mosca wrote in a report published Monday.To read this article in full or to leave a comment, please click here

Why quantum computing has the cybersecurity world white-knuckled

As quantum computers inch closer to reality, experts are sweating over their potential to render many of today's cybersecurity technologies useless. Earlier this year the U.S. National Institute of Standards and Technology issued a call for help on the matter, and this week the Global Risk Institute added its voice to the mix.Because of quantum computing, there's a one-in-seven chance that fundamental public-key cryptography tools used today will be broken by 2026, warned Michele Mosca, co-founder of the University of Waterloo's Institute for Quantum Computing and special advisor on cybersecurity to the Global Risk Institute. By 2031, that chance jumps to 50 percent, Mosca wrote in a report published Monday.To read this article in full or to leave a comment, please click here

Intel sells off majority stake in McAfee unit

Intel is selling off a majority stake in its McAfee unit and turning it back into an independent security company.Intel made the deal with investment firm TPG, which will own a 51 percent stake in the new McAfee company. Intel will own the remainder.As part of the deal, Intel is receiving $3.1 billion in cash. It originally bought McAfee back in 2011 for $7.7 billion -- a deal that caused some industry watchers to scratch their heads.Intel is best known as a chipmaker, but at the time it was also hoping to improve  security around its products. PC security was a major concern back then, said Nathan Brookwood, principal analyst at Insight 64. But now cyberthreats are moving to target the cloud and servers.To read this article in full or to leave a comment, please click here

Intel sells off majority stake in McAfee unit

Intel is selling off a majority stake in its McAfee unit and turning it back into an independent security company.Intel made the deal with investment firm TPG, which will own a 51 percent stake in the new McAfee company. Intel will own the remainder.As part of the deal, Intel is receiving $3.1 billion in cash. It originally bought McAfee back in 2011 for $7.7 billion -- a deal that caused some industry watchers to scratch their heads.Intel is best known as a chipmaker, but at the time it was also hoping to improve  security around its products. PC security was a major concern back then, said Nathan Brookwood, principal analyst at Insight 64. But now cyberthreats are moving to target the cloud and servers.To read this article in full or to leave a comment, please click here

Election exploits: What you need to know [infographic]

In late August, an FBI alert warning state election officials about an attack on voter registration databases from Illinois and Arizona was leaked and posted in a report on Yahoo News.'According to the FBI’s alert, 'an unknown actor' attacked a state election database by using widely available penetrating testing tools, including Acunetix, SQLMap, and DirBuster,' wrote Michael Kan. 'The hackers then found an SQL injection vulnerability -- a common attack point in websites -- and exploited it to steal the data. The FBI has traced the attacks to eight IP addresses, which appear to be hosted from companies based in Bulgaria, the Netherlands, and Russia.'To read this article in full or to leave a comment, please click here(Insider Story)

Seven features the iPhone 7 ‘borrows’ from Android

If you were watching the Apple live stream and shouting at your computer, “hey, Android already has that!” over and over, you weren’t alone.Apple certainly took some "inspiration" from many of the hardware innovations brought about by Android phone makers. Here’s a recap of the features that Apple ballyhooed on stage, but aren’t exactly news to those of us who have been using Android phones for the past few years.Dual rear cameras No, you don’t have to stop us. We have heard this one before. Phones like the LG G5, Huawei P9, and the HTC One M8 (from 2014!) feature dual rear cameras, which was the major feature of the iPhone 7 Plus. It’ll bring 2X optical zoom and, according to the on-stage demo, produce some pretty impressive portraits and low-light shots.To read this article in full or to leave a comment, please click here

Here’s how Box has redesigned its entire offering

Wearing a bright red hat embroidered with "Make Software Great Again," Box CEO Aaron Levie took the stage at the BoxWorks customer conference on Wednesday to serve as emcee for the unveiling of massive redesigns and upgrades to the company's cloud storage and content services products. Box's web interface is getting a complete redesign, with new organization, search and preview capabilities. The company is launching a new desktop app to help Windows and Mac users access their files. It's also coming out with a desktop app for users of its Box Notes collaborative document editing service. It's all part of what Levie called the "all new Box," aimed at modernizing the company's services to meet the needs of customers.To read this article in full or to leave a comment, please click here

First Look: Apple’s new iPhone 7, iPhone 7 Plus

It’s that time againYes, it’s the harvest season again, which can mean only one thing – Apple has released the latest generation of the iPhone. The iPhone 7 and iPhone 7 Plus are an evolutionary step forward, rather than a revolutionary one, but there are still plenty of differentiators from the last generation. Have a look.To read this article in full or to leave a comment, please click here

‘Fastest smartphone chip ever,’ the A10 Fusion, powers Apple’s new iPhone 7

At the heart of every Apple iPhone is usually an upgraded chip, and this year’s iPhone 7 is no different: the A10 Fusion, which Apple executives claimed is the fastest smartphone chip ever. ‘If you’ve been paying attention, you know that Apple’s chip team has been killing it in performance,” said Apple has an existing license from ARM, the British smartphone chip designer that was recently acquired by Softbank. Rather than licensing a fixed design, Apple’s deal apparently permits tweaking for its own purposes, allowing the company to optimize it for new iPhone releases.  Apple’s new A10 Fusion chip is orders of magnitude faster than the original iPhone.To read this article in full or to leave a comment, please click here

Star Trek turns 50!

Boldly going where no man has gone beforeImage by Reuters/ Kevin LamarqueWho knew that a TV series that debuted on Sept. 8, 1966 would have such a lasting impact on the world? Star Trek premiered on that date "to boldly go where no man has gone before." Indeed, the U.S.S. Enterprise and its crew over the years since have changed wildly (through five TV series and 13 movies) to alter our perception of what space and space exploration might be. Here we take a little look some of the interesting history and events around the show.To read this article in full or to leave a comment, please click here

Worth Reading: An internet for identity

Every online identity you have was given to you by someone else. This simple fact makes every online identity completely different from identity in the physical world where you exist first, independently, as a sovereign human being. As a result, online relationships are skewed. There’s an imbalance of power between people and organizations online. Here’s why. —CircleID

The post Worth Reading: An internet for identity appeared first on 'net work.

What should you do with your .NET apps?

As web and mobile development have become increasingly important, .NET has faced an increasing amount of competition from open source platforms, as well as some confusion over its direction.To read this article in full or to leave a comment, please click here(Insider Story)