Tag Archive | "called-security"

Intel Closes $7.68 Billion McAfee Acquisition

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Intel has officially completed its acquisition of security giant McAfee, according to a release issued today. Intel announced the $7.68 billion, all-cash deal last August.

According to the release, McAfee will continue developing and selling security products and services under its own brand and “first fruits of their strategic partnership” will be brought to market later in 2011. McAfee will report into Intel’s Software and Services Group, which is led by Intel’s Renée James.

The Intel-McAfee deal was cleared by the EU in January, and approved by the U.S. Federal Trade Commission in late December.

McAfee is one of the largest security technology companies in the world and saw $2 billion in revenue in 2009. Cyber security, whether it be on computers or mobile devices, is a lucrative business as internet use is on the rise. And McAfee also offers smartphone security software, through the and TenCube. At the time of the acquisition, Intel’s president and CEO Paul Otellin called security the “third pillar of what people demand from all computing experiences,” behind energy-efficient performance and connectivity.

Information provided by CrunchBase

Article courtesy of TechCrunch

Fraudsters Drain PayPal Accounts Through iTunes

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Reports are appearing this morning about a major security hole in iTunes accounts linked to PayPal. At least one group of scammers has found a way to charge thousands of dollars to iTunes accounts through PayPal. One targeted customer told us, “My account was charged over $4700. I called security at PayPal and was told a large number of iTunes store accounts were compromised.” His email was filled with nearly 50 receipts from PayPall for $99.99 each. He was able to catch it before his bank disbursed funds to PayPal.

But others were not so lucky. A quick search of Twitter and Facebook shows that the problem is not isolated. Joey Bruce on Twitter laments:

Someone hacked my iTunes/paypal acct and drained everything from my bank account. Life is kicking me in the balls while I’m down.

A search of public status updates on Facebook uncovers more people with the same issue:

Darn…what a day! Someone hacked into my itunes account and bought a crap load of downloads and emptied out my paypal account….grrrrr. . . . Paypal is very cooperative but there is just about no way to get ahold of itunes. I did call paypal and they assured me that they had contacted itunes and it was going to be taken care of in my favor.

so apple/itunes had a security breach & someone bought over $500 worth of music through my paypal account. just what i wanted 2 b dealing w/ while in San Diego! AWESOME!!!

Everybody watch your itunes account closely. I just got hacked for almost $1000.00 worth of software, videos and music. Hopefully paypal will refund it all. . . . This happened within the last few hours. Once transaction after another.

AT least PayPal is aware of the issue, but it seems like the problem is on the iTunes side.

Article courtesy of TechCrunch

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