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Press Release – Symantec

Symantec Data Loss Prevention 15 integrates with tagging, encryption and access management to secure regulated and sensitive data wherever it goesSymantec Protects Data Everywhere with Information Centric Security

Symantec Data Loss Prevention 15 integrates with tagging, encryption and access management to secure regulated and sensitive data wherever it goes

AUCKLAND, New Zealand – 21 September 2017 – Symantec Corp., a global leader in cyber security, today announced the release of Data Loss Prevention (DLP) version 15 providing increased data protection automation and product integration to strengthen the Information Centric Security solution. These major enhancements provide a greater ability to discover, monitor and protect sensitive or regulated data even in unmanaged environments.

Organisations are losing visibility and control over sensitive and regulated data as it is shared with a wide range of users across multiple organisations and stored in various locations, including the cloud.

Nearly 1 in 3 IT security executives believes data loss is the greatest internal threat to businesses this year (Symantec CISO research 2016), with concerns about shadow applications and malicious users. The problem continues to grow, with data breaches in 2016 resulting in 1.1 billion identities being exposed — double the number in 2015 per the Internet Security Threat Report volume 22 published in 2017.

The upcoming General Data Protection Regulation (GDPR) introduces new obligations for organisations and the information they handle, and comes with increased penalties and heightened scrutiny for compliance. Analysts believe that visibility and protection, which can follow data, will become the new imperative.

Symantec’s Information Centric Security solution allows organisations to store, use and share sensitive data outside their managed environment with external users or cloud apps. Greater protection is ensured because data access is limited to authorized viewers, reducing the risk of unwanted exposure. This Information Centric Security approach helps ensure safe collaboration and helps to enable compliance for stringent regulations such as GDPR. The release of Symantec DLP 15 extends this capability through enhanced integration with cloud access security broker, data classification, user-entity behavioral analytics and information-centric encryption to support a wider range of communication channels.

Symantec DLP 15 highlights include:

• Protects sensitive data in managed and unmanaged environments and when handled by third-parties

• Helps to enable compliance with GDPR

• Helps ensure sensitive data doesn’t get leaked through shadow applications.

“The sheer volume of data and the speed at which it moves around organisations has magnified the data loss problem. Sensitive data needs to be tracked everywhere – even outside the organisation – to ensure security and maintain compliance with a growing roster of industry regulations,” said Doug Cahill, Senior Analyst, ESG.

“With so much at stake, it is no longer possible to depend on manual tagging or any other process that invites the possibility of human error. With Symantec DLP 15, we’ve given IT managers the ability to automatically tag data as sensitive and automate security policies that follow that data everywhere it goes, regardless of channel,” commented Nico Popp, Senior Vice President, Symantec.

Symantec Information Centric Security is available through integrations between the following products, all of which are already available globally:

• Symantec DLP 15 + CloudSOC (CASB)

• ICT

• ICE

• ICA

• VIP.

https://www.symantec.com/products/data-loss-prevention

https://www.symantec.com/solutions/information-centric-security
ENDS

Content Sourced from scoop.co.nz
Original url

Symantec Protects Data with Information Centric Security

Symantec Protects Data Everywhere with Information
Centric Security

Symantec Data Loss Prevention 15
integrates with tagging, encryption and access management to
secure regulated and sensitive data wherever it
goes

AUCKLAND, New Zealand – 21 September 2017
Symantec Corp., a global leader in cyber
security, today announced the release of Data Loss
Prevention (DLP) version 15 providing increased data
protection automation and product integration to strengthen
the Information Centric Security solution. These major
enhancements provide a greater ability to discover, monitor
and protect sensitive or regulated data even in unmanaged
environments.

Organisations are losing visibility and
control over sensitive and regulated data as it is shared
with a wide range of users across multiple organisations and
stored in various locations, including the cloud.

Nearly
1 in 3 IT security executives believes data loss is the
greatest internal threat to businesses this year (Symantec
CISO research 2016), with concerns about shadow applications
and malicious users. The problem continues to grow, with
data breaches in 2016 resulting in 1.1 billion identities
being exposed — double the number in 2015 per the Internet
Security Threat Report volume 22 published in 2017.

The
upcoming General Data Protection Regulation (GDPR)
introduces new obligations for organisations and the
information they handle, and comes with increased penalties
and heightened scrutiny for compliance. Analysts believe
that visibility and protection, which can follow data, will
become the new imperative.

Symantec’s Information
Centric Security solution allows organisations to store, use
and share sensitive data outside their managed environment
with external users or cloud apps. Greater protection is
ensured because data access is limited to authorized
viewers, reducing the risk of unwanted exposure. This
Information Centric Security approach helps ensure safe
collaboration and helps to enable compliance for stringent
regulations such as GDPR. The release of Symantec DLP 15
extends this capability through enhanced integration with
cloud access security broker, data classification,
user-entity behavioral analytics and information-centric
encryption to support a wider range of communication
channels.

Symantec DLP 15 highlights
include:

• Protects sensitive data in managed and
unmanaged environments and when handled by
third-parties

• Helps to enable compliance with
GDPR

• Helps ensure sensitive data doesn’t get leaked
through shadow applications.

“The sheer volume of data
and the speed at which it moves around organisations has
magnified the data loss problem. Sensitive data needs to be
tracked everywhere – even outside the organisation – to
ensure security and maintain compliance with a growing
roster of industry regulations,” said Doug Cahill, Senior
Analyst, ESG.

“With so much at stake, it is no longer
possible to depend on manual tagging or any other process
that invites the possibility of human error. With Symantec
DLP 15, we’ve given IT managers the ability to
automatically tag data as sensitive and automate security
policies that follow that data everywhere it goes,
regardless of channel,” commented Nico Popp, Senior Vice
President, Symantec.

Symantec Information Centric Security
is available through integrations between the following
products, all of which are already available
globally:

• Symantec DLP 15 + CloudSOC
(CASB)

• ICT

• ICE

• ICA

• VIP.

https://www.symantec.com/products/data-loss-prevention

https://www.symantec.com/solutions/information-centric-security

ENDS

© Scoop Media

 

Sources: Symantec Is Looking To Break Into The SIEM Market – Page: 1

Symantec has recently evaluated potential acquisitions that would bring it back to the SIEM (security information and event management) market, according to CRN sources and published reports.

Symantec is said to have recently explored the prospect of buying RSA from Dell Technologies, according to sources close to RSA and Symantec. Multiple sources reached by CRN said it does not appear that talks are ongoing between the two companies.

However, Symantec didn’t stop shopping there. On Wednesday, Bloomberg reported that Symantec had held discussions with Splunk for a possible acquisition. Splunk has been making big investments around its security portfolio as it looks to provide a next-generation SIEM and analytics solution. Bloomberg reported that the talks were called off after Symantec started probing Splunk finances compared to its valuation, which currently sits around $9.4 billion.

[Related: Symantec President: We Aren’t Done Making Acquisitions Yet]

Symantec did not respond to CRN requests for comment. RSA said it doesn’t comment on rumors or speculation.

The talks come as Symantec looks to build out its vast cybersecurity platform. The company has already made multiple acquisitions in the past year, in areas such as cloud security, mobile security, threat prevention, identity protection, and more. The company does not have a SIEM offering; it exited that business in 2013 by discontinuing its Symantec Security Information Manager offering.

RSA and Splunk both stand out in the market as SIEM specialists and security market leaders.

RSA offers a broad portfolio of security solutions, including offerings in identity and access management with SecurID; SIEM and threat detection and response with NetWitness; governance, risk and compliance with Archer; and fraud prevention. Symantec overlaps in just one area – it, too, offers identity and access management and GRC solutions.

Splunk’s new approach to the SIEM market has garnered much attention as it streamlines security operations with machine learning, real-time data, analytics and security management. The company also offers anti-fraud, log management, ransomware and security investigation technologies.

Other standalone companies in the SIEM or security analytics space include LogRhythm, Exabeam, SumoLogic, and Cybereason. IBM, HPE and McAfee also offer SIEM solutions. 

In a recent interview with CRN, Symantec President and COO Michael Fey said the company is looking to make further acquisitions. He did not specify what areas Symantec would evaluate, saying only that it will focus on areas that “add value and metrics” to the portfolio.

Buy or Sell? Average Brokerage Ratings on Symantec Corporation (SYMC), Altria Group, Inc. (MO)

Symantec Corporation (NASDAQ:SYMC) gained 1.15% with the closing price of $34.16. The overall volume in the last trading session was 5.61 million shares.

Company Growth Evolution:

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Investors who are keeping close eye on the stock of Symantec Corporation (NASDAQ:SYMC) established that the company was able to keep return on investment at – in the trailing twelve month while Reuters data showed that industry’s average stands at 4.84 and sector’s optimum level is 14.60.

Symantec Corporation (SYMC) have shown a high EPS growth of -17.50% in the last 5 years and has earnings rose of 68.80% yoy. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared $34.17 above its 52-week highs and is up 1.27% for the last five trades. The stock ended last trade at $34.16 a share and the price is up more than 42.99% so far this year. The company maintains price to book ratio of 0.00 vs. an industry average at 0.53. Its sales stood at -9.80% a year on average in the period of last five years. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

Altria Group, Inc. (NYSE:MO) ended its day at $62.23 with the rising stream of -0.53% and its total traded volume was 5.61 million shares less than the average volume.

Returns and Valuations for Altria Group, Inc. (NYSE:MO)

Altria Group, Inc. (NYSE:MO), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry’s average. The average of this ratio is 4.84 for the industry and sector’s best figure appears 14.60. Altria Group, Inc. (NYSE:MO), at its latest closing price of $62.23, it has a price-to-book ratio of 0.00, compared to an industry average at 0.53. A lower P/B ratio could mean that the stock is undervalued. This ratio also gives some idea of whether you’re paying too much for what would be left if the company went bankrupt immediately.

Altria Group, Inc. (NYSE:MO), stock is trading $77.79 above the 52-week high and has displayed a high EPS growth of 34.80% in last 5 years. The 1 year EPS growth rate is 173.00% . Its share price has decline -19.53% in three months and is down -0.43% for the last five trades. The average analysts gave this company a mean recommendation of 2.20.

Lookout for Price Target? PulteGroup, Inc. (PHM), Symantec Corporation (SYMC)

PulteGroup, Inc. (NYSE:PHM) gained 0.15% with the closing price of $26.33. The overall volume in the last trading session was 4.62 million shares.

Company Growth Evolution:

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Investors who are keeping close eye on the stock of PulteGroup, Inc. (NYSE:PHM) established that the company was able to keep return on investment at – in the trailing twelve month while Reuters data showed that industry’s average stands at 4.87 and sector’s optimum level is 14.56.

PulteGroup, Inc. (PHM) have shown a high EPS growth of 38.80% in the last 5 years and has earnings rose of 28.10% yoy. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared $26.64 above its 52-week highs and is up 0.61% for the last five trades. The stock ended last trade at $26.33 a share and the price is up more than 43.25% so far this year. The company maintains price to book ratio of 0.00vs. an industry average at 0.54. Its sales stood at 13.10% a year on average in the period of last five years. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

Symantec Corporation (NASDAQ:SYMC) ended its day at $33.77 with the rising stream of 1.59% and its total traded volume was 5.3 million shares less than the average volume.

Returns and Valuations for Symantec Corporation (NASDAQ:SYMC)

Symantec Corporation (NASDAQ:SYMC), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry’s average. The average of this ratio is 4.87 for the industry and sector’s best figure appears 14.56. Symantec Corporation (NASDAQ:SYMC), at its latest closing price of $33.77, it has a price-to-book ratio of 0.00, compared to an industry average at 0.54. A lower P/B ratio could mean that the stock is undervalued. This ratio also gives some idea of whether you’re paying too much for what would be left if the company went bankrupt immediately.

Symantec Corporation (NASDAQ:SYMC), stock is trading $34.17 above the 52-week high and has displayed a high EPS growth of -17.50% in last 5 years. The 1 year EPS growth rate is 68.80% . Its share price has risen 16.93% in three months and is up 3.11% for the last five trades. The average analysts gave this company a mean recommendation of 2.50.

Arrow ECS renews EMEA contract with Symantec after Blue Coat add-on

Security vendor Symantec signs an Arrow Electronics EMEA deal

digital-security-padlock-protection-binary-virus-hack-malware.jpg

Arrow Electronics has renewed its contact as an EMEA distributor for Symantec.

The deal consolidates two prior partnerships: a renewal with Symantec, and another deal with Blue Coat, which Symantec acquired in 2016.

The new contract covers Czech Republic, DACH, France, Hungary, Italy, Poland, Portugal, Romania, Scandinavia, the Baltic States, Spain and the UK and Ireland.

“Key to the close cooperation with Arrow is the diversity of Arrow’s value-added services including innovative training sessions as an authorised ‘ATC’ training partner, proof-of-concept services and product testing capabilities, pre and post-sales services and know-how transfer,” said Symantec vice president of channels for EMEA Dominique Loiselet.

California-based Symantec calls itself the world’s largest provider of cyber security solutions, with a headcount of 11,000 employees in more than 35 countries.

Its distie of choice, Colorado-based Arrow Electronics, lists 883 manufacturers in its portfolio offering including Intel, Panasonic, Toshiba and Corsair.

“Following the acquisition of Blue Coat, Symantec offers a unique and extensive portfolio of IT security solutions and services, providing comprehensive security for the infrastructure and data of companies, organisations and private users,” said Arrow’s senior director and head of networking and security for EMEA Nick Bannister.

“We have been working with Symantec for 13 years and our dedicated Symantec product teams are best placed to pass on their knowledge and expertise around its solutions benefits to our customers in any matter relating to security.”

Symantec claims it made $1.1bn in sales in its last quarter, and has gone on an upscaling shopping spree in recent years, acquiring LifeLock for $2.3bn (€1.92 bn), and Blue Coat for $4.65bn in 2016.

However, throughout 2017, it repeatedly hit the headlines with an ongoing trust-eroding Google and Mozilla dispute.

Both companies complained about the quality of Symantec’s digital certificates, which browsers use to verify that websites are secure.

Last week, Google publicly denounced Symantec, confirming to webmasters that it will be “distrusting” any security certificates issued by Symantec, starting with Chrome 66.

Symantec recently announced plans to offload its digital certificates business to DigiCert for $950m in cash and 30 per cent equity. Symantec had snapped up the business unit in 2010 for $1.28bn from Verisign.

Commit To Purchase Symantec Corp At $22, Earn 2.7% Using Options

Investors eyeing a purchase of Symantec Corp (Symbol: SYMC) stock, but cautious about paying the going market price of $33.55/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $22 strike, which has a bid at the time of this writing of 60 cents. Collecting that bid as the premium represents a 2.7% return against the $22 commitment, or a 2% annualized rate of return (at Stock Options Channel we call this the YieldBoost ).

Selling a put does not give an investor access to SYMC’s upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $22 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Symantec Corp sees its shares decline 34.4% and the contract is exercised (resulting in a cost basis of $21.40 per share before broker commissions, subtracting the 60 cents from $22), the only upside to the put seller is from collecting that premium for the 2% annualized rate of return.

Interestingly, that annualized 2% figure actually exceeds the 0.9% annualized dividend paid by Symantec Corp by 1.1%, based on the current share price of $33.55. And yet, if an investor was to buy the stock at the going market price in order to collect the dividend, there is greater downside because the stock would have to lose 34.35% to reach the $22 strike price.

Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Symantec Corp, looking at the dividend history chart for SYMC below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.9% annualized dividend yield.

SYMC+Dividend+History+Chart

Below is a chart showing the trailing twelve month trading history for Symantec Corp, and highlighting in green where the $22 strike is located relative to that history:

Loading+chart++2017+TickerTech.com

The chart above, and the stock’s historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2019 put at the $22 strike for the 2% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Symantec Corp (considering the last 251 trading day closing values as well as today’s price of $33.55) to be 23%. For other put options contract ideas at the various different available expirations, visit the SYMC Stock Options page of StockOptionsChannel.com.

Top YieldBoost Puts of the Nasdaq 100 »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Symantec Corporation (NASDAQ:SYMC) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Symantec Corporation (NASDAQ:SYMC) in a research note issued to investors on Friday, September 8th. They currently have a $32.00 price target on the technology company’s stock.

Other analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a $36.00 price target on shares of Symantec Corporation in a report on Friday, June 9th. Standpoint Research upgraded shares of Symantec Corporation from a hold rating to a buy rating in a report on Thursday, June 29th. Zacks Investment Research raised shares of Symantec Corporation from a strong sell rating to a buy rating and set a $32.00 price objective for the company in a research note on Tuesday, July 11th. BidaskClub raised shares of Symantec Corporation from a hold rating to a buy rating in a research note on Wednesday, July 12th. Finally, Evercore ISI set a $25.00 price objective on shares of Symantec Corporation and gave the stock a hold rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Symantec Corporation has an average rating of Hold and a consensus target price of $31.54.

Symantec Corporation (NASDAQ SYMC) opened at 33.24 on Friday. Symantec Corporation has a 12 month low of $22.76 and a 12 month high of $34.17. The company has a 50-day moving average of $29.97 and a 200 day moving average of $30.12. The stock’s market capitalization is $20.37 billion.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. Symantec Corporation’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities research analysts anticipate that Symantec Corporation will post $1.81 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Symantec Corporation (NASDAQ:SYMC) Stock Rating Reaffirmed by Robert W. Baird” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/09/18/robert-w-baird-reaffirms-hold-rating-for-symantec-corporation-symc.html.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st were issued a $0.075 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 0.90%. Symantec Corporation’s dividend payout ratio is currently -49.18%.

In other news, Director Suzanne M. Vautrinot sold 2,500 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $28.45, for a total value of $71,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nicholas R. Noviello sold 10,034 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $30.00, for a total transaction of $301,020.00. Following the completion of the sale, the chief financial officer now owns 236,787 shares of the company’s stock, valued at approximately $7,103,610. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,677,228 shares of company stock valued at $48,822,058. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SYMC. Northwestern Mutual Wealth Management Co. raised its stake in shares of Symantec Corporation by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock worth $112,000 after acquiring an additional 292 shares in the last quarter. Sun Life Financial INC raised its stake in shares of Symantec Corporation by 44,100.0% during the 2nd quarter. Sun Life Financial INC now owns 4,420 shares of the technology company’s stock worth $125,000 after acquiring an additional 4,410 shares in the last quarter. Harfst & Associates Inc. bought a new position in shares of Symantec Corporation during the 2nd quarter worth approximately $127,000. Johnson Financial Group Inc. raised its stake in shares of Symantec Corporation by 6.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock worth $158,000 after acquiring an additional 325 shares in the last quarter. Finally, American Asset Management Inc. bought a new position in shares of Symantec Corporation during the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 91.65% of the company’s stock.

About Symantec Corporation

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Analyst Recommendations for Symantec Corporation (NASDAQ:SYMC)

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Big Interview: Symantec on Norton products and future plans | The latest news from the Computer and IT Industry

Norton by Symantec is a household name synonymous with security software, but now the company is making the leap into the physical realm. Jonathan Easton speaks to Gareth Lockwood, EMEA consumer product specialist, Homayoun Sarkechik, senior manager of Partner Activation and Neil Smith, partner sales manager about the company’s evolving strategy – both in products and Channel services


 

Talk us through the thinking behind Norton Core

Gareth: We’d been thinking about the Norton Core product and how it fits into our strategy for a number of years. We decided that we needed to develop protection for the consumer as smart devices are starting to proliferate among our homes. We needed a wireless router to protect our homes at the point of contact with the outside world and with the internet. 

We effectively said that we want to allow Norton to further secure our consumers’ digital lives while still delivering the high level of performance you expect from a router today. Our consumers are familiar with Norton’s software that protects your PC and smartphone from hackers, but when you look at today’s connected homes it requires something more. You can’t just go and install endpoint protection on a baby monitor for instance. 

All it takes is one compromised device for bad guys to infiltrate your home network and reach all your data. Core discovers all your smart devices, identifies any vulnerabilities and helps to secure all the smart devices within your home network. If it does detect a breach it can quarantine that threat at a network level. 

There’s a lot of enterprise-grade technology under the hood such as deep packet inspection, intrusion prevention and a lot of other things as well that allow us to defend your home network. 

Do you think that there’s more the vendors can do to ensure that connected products are secure?

G: With the smart connected device industry it’s a race to get products out there as quickly as possible. What we’re often seeing is that security is second, third or even lower down the priority list when it comes to releasing an innovative product. 

There are some basic things that should be done. Not having the same default password on every device, for example. When you go to an onboarding process with a user when they first put it in their home is another. Make sure that they’re changing the password and allowing that to be done in an easy manner. 

We did some tests a little while ago where we put an IoT device out on the internet and it took about two minutes for it to be attacked. As we know from the recent botnets for things like Mirai, all it takes is a vulnerable IoT device to have a significant impact 

From a business perspective, have there been any surprises or strategy changes when it comes to hardware vs software?

G: It’s fitted fairly well into our strategy. The hardware is one component of this. We’ve partnered with some very key hardware component manufacturers to create the best hardware platform that allows us to run our security stack and deliver our expertise in software to end consumers. 

It’s about partnerships, but along the way we think it’s a great design as well and that’s something we’ve noticed from other routers on the market. They’re not necessarily the most attractive looking devices with all the antennas poking out, so we decided that we had to look at this from the ground up and ask what can we design and develop that not only protects the consumer using our expertise in software, but also looks fantastic and delivers what you’d expect from a high-performance router at the same time.

Performance was a key factor that we took on board. At the time of hardware specification we said that it needs to be a performance powerhouse. We looked at the 830.11ac Wi-Fi spec, it’s 4×4 MIMO. All the latest Wi-Fi technology is in there. We designed it to not only secure the devices on the network, but also achieve what we think are pretty impressive throughput speeds and unbelievable coverage and range not only for your average user.

Another aspect of the product that is at the fore is the Security Score. Talk us through that

G: Security Score is the cornerstone to the UI. What we wanted to do with this was give the user a very easy to understand guide to the health of their network. The level of security, any vulnerabilities that are known when you add a new smart device. It gives you instant knowledge that wherever you are in the world you can log on to your mobile app and see the current health of your network at home. It’s a very simple scoring system and it all wraps it in a simple interface. 

Your interactions with Norton Core are wholly driven through this mobile interface so no longer will you have to go through the process of opening a web browser, typing in an awkward IP address and going through what is not necessarily the most intuitive of interfaces. We tied it all to a mobile app that allows you to not only on board and configure the router itself but also look at some of the more advanced features as well. 

A key component of Norton Core as well is for parents to manage their kids’ time on the internet. We’re taking the expertise from our Norton family products and we’ve integrated that into Norton Core itself. Rather than installing Norton Family on each individual end-point, when they’re in the house you can monitor your kids’ time on the internet from within this mobile interface. It’s a pretty powerful tool to allow parents to monitor and manage screen time and find the right balance between family and screen time. 

Speaking of childen; we inherently think that viruses are brought into the house by children, but a lot of the time it’s mum or dad clicking on a link in their emails without about knowing the consequences

G: Absolutely, Wannacry and Petya have both raised some big concerns. It leads into having an understanding of what the best practices are when it’s specific to things like ransomware or phishing attacks. 

We know certainly that ransomware has increased significantly. In 2016 we saw just over 463,000 attacks. More than 70 per cent of attacks on healthcare, for example, are ransomware. It’s not necessarily the home user, it’s anybody who is online. It’s having the understanding that not everything you see in an email is necessarily true. 

Anything that is posted as a Microsoft Office attachment that advises you to enable macros should make you very wary. When it comes to a lot of these threats we’ve seen recently it’s very basic things that you need to be aware of. Keeping your security software up to date is a key thing. Keeping your operating system updated as well. 

There are a lot of relatively simple things that you can do and as we look more closely into ransomware it’s things like backing up data. Having a backup is probably the single most effective way of combatting ransomware. Attackers have leverage over their victims because they’ve taken their files and encrypted their data so if you as a victim have a backup then you can go and restore your system. It’s relatively basic stuff, but things that everyone needs to think about.  

How big an impact did the Wannacry ransomware have on Norton customers?

G:  It was significant, but we didn’t really see many infections at all from a Norton perspective. Both Norton and Symantec customers effectively had 0-day protection against Wannacry, Petya and anything else using the EternalBlue exploit. 

It’s not just about having this ‘anti-virus’ definition anymore. We have this multi-layered approach to protection with things like intrusion prevention – where we’re looking at this from a network level and using our sonar behavioural detection technology that prevents Wannacry and Petya from getting onto the system itself.

As of May, we’ve blocked something like 47 million infection attempts across over a million and a half endpoints this year.

Norton recently launched Norton Wi-Fi Privacy. What does it do and who is it catering to?

G: We launched Wi-Fi Privacy a few months back and the rationale behind that was pretty simple. What we saw was that there is a huge gap between what people perceive to be ‘risky’ and the reality when using public Wi-Fi. We think consumers still lack awareness when it comes to the risk of using public Wi-Fi. 

We did a Wi-Fi risk report recently and it was quite a revelation to us. It showed that nearly nine in 10 consumers are putting their data and privacy at risk when using public Wi-Fi. In the UK it was something like 65 per cent of consumers who think that their personal information is safe when on public Wi-Fi, yet more than half of them can’t tell actually whether the network that they’re on is secure. 

So as a result we developed Norton Wi-Fi Privacy as a VPN that protects the data that you’re sending and receiving when you’re on public Wi-Fi, though it works just as well on whatever network technology you’re using. Your location is shielded from view from advertisers and from the bad guys snooping on your traffic so you can’t be tracked. 

What we’re saying to our consumers is that you can now go online without thinking twice about privacy or security. What the product offers is bank-grade encryption that makes the information that you send and receive completely unreadable and offers you true anonymity, to mask your online activities and location. 

Tell us a bit about PartnerNet and the POS kits

Homayoun: Reaching out to partners in all markets we have specific teams, but we see that it’s important to offer a platform to our partners so they can go there and learn more and know more about our products. 

And also preparing and proposing specific programmes to them and giving them the possibility to get support on products and services that we offer. Once a product is sold to a customer and they might have some problems the first thing they do is to go back to the shop where they bought the product. Giving special support to our partners via the PartnerNet platform, FAQs case studies, hotline and web chat means that they have the facility to help their customers. We help to give our partners a lot of the security knowledge that they will need to be a successful business. 

We really want partners to be supported with the product and services. We want to help them to be successful with Norton because their success is our success as well.  

How can interested resellers get involved?

H: Anyone interested can go to PartnerNet.Norton.com and easily apply for partnership. We encourage them to do that! Especially in the UK where our partners are very active which makes us very happy. 

That’s important because these days it’s easy for vendors to sell software directly to consumers that partners and retailers and resellers need to have that unique service that they can provide as well

H: Absolutely. We have seen this with Norton partners for a long time. Special support for partners is absolutely key for mutual success.

Neil: I think the key thing that has been beneficial with PartnerNet is that it’s a great tool for covering everything that Norton is doing as standard. So like how Gareth mentioned with the launch of Wi-Fi Privacy, we were able to offer an introduction to that product and its benefits to our partners. 

Homayoun and the team will enable us to add details of promotions monthly and quarterly so our partners can hear about anything happening and take advantage of them as soon as possible. What we also offer are these bespoke POS kits which are, certainly for resellers looking to work with Norton, the best tools they can possibly get. 

We have these kits available at UK distributors that allow retailers and resellers to put them into their shops or showrooms to showcase that they sell Norton. 

Roughly, how many partners do you have in the UK?

H: It depends on how you’re looking at it. On the PartnerNet portal it’s growing. We are at about 400 for the UK, but the guys who do business with Norton are much, much more. We are really encouraging our partners to come to Norton PartnerNet and they are very active in the UK. We only launched it a few months ago so it’s quite new and it is growing. 

We also have a programme called NFR for partners to get the product, install it on their system, try it and play with it. We want our partners to really know the product and it’s very important. The more they know the product then the more they will be able to advise their customers. That’s our objective. That they really keep their customers loyal because they give good service and have good knowledge about security in general. 

PCR’s Sector Spotlight on Security – in association with BullGuard – is running throughout September 2017 – click here for more articles

 

Symantec Corporation (SYMC) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Symantec Corporation (NASDAQ:SYMC) by 20.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,800 shares of the technology company’s stock after selling 10,879 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Symantec Corporation were worth $1,209,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SYMC. Johnson Financial Group Inc. boosted its position in Symantec Corporation by 8.0% during the first quarter. Johnson Financial Group Inc. now owns 5,271 shares of the technology company’s stock valued at $162,000 after purchasing an additional 390 shares during the last quarter. American Asset Management Inc. acquired a new position in Symantec Corporation during the first quarter valued at approximately $207,000. Yakira Capital Management Inc. acquired a new position in Symantec Corporation during the first quarter valued at approximately $217,000. Global Financial Private Capital LLC acquired a new position in Symantec Corporation during the first quarter valued at approximately $230,000. Finally, Wetherby Asset Management Inc. boosted its position in Symantec Corporation by 2.8% during the second quarter. Wetherby Asset Management Inc. now owns 8,885 shares of the technology company’s stock valued at $251,000 after purchasing an additional 246 shares during the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.

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In related news, SVP Amy L. Cappellanti-Wolf sold 927 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $30.00, for a total value of $27,810.00. Following the transaction, the senior vice president now owns 112,907 shares of the company’s stock, valued at $3,387,210. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Amy L. Cappellanti-Wolf sold 4,496 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $32.88, for a total value of $147,828.48. Following the completion of the transaction, the senior vice president now directly owns 108,411 shares in the company, valued at approximately $3,564,553.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,677,228 shares of company stock worth $48,822,058. Insiders own 1.30% of the company’s stock.

A number of analysts have recently issued reports on SYMC shares. Zacks Investment Research raised Symantec Corporation from a “strong sell” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, July 11th. Credit Suisse Group started coverage on Symantec Corporation in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $37.00 price objective on shares of Symantec Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Symantec Corporation in a research report on Wednesday, July 19th. Finally, Barclays PLC raised Symantec Corporation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $34.00 to $38.00 in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company. Symantec Corporation has a consensus rating of “Hold” and an average price target of $31.54.

Shares of Symantec Corporation (NASDAQ SYMC) traded up 0.88% during trading on Friday, hitting $33.24. The stock had a trading volume of 9,577,891 shares. Symantec Corporation has a 1-year low of $22.76 and a 1-year high of $34.17. The company’s market cap is $20.37 billion. The firm’s 50 day moving average is $29.97 and its 200 day moving average is $30.12.

Symantec Corporation (NASDAQ:SYMC) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that Symantec Corporation will post $1.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Monday, August 21st were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.30 annualized dividend and a dividend yield of 0.90%. Symantec Corporation’s payout ratio is currently -49.18%.

Symantec Corporation Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Institutional Ownership by Quarter for Symantec Corporation (NASDAQ:SYMC)

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