SecurityWeek

Hewlett-Packard Co. has agreed to acquire struggling smart phone maker Palm Inc. for over $1 billion in cash. The companies announced Wednesday they had agreed to the deal, which will see HP pay $5.70 for every Palm common share. With debt included, the deal values Palm at $1.2 billion. The transaction has been approved by the HP and Palm boards of directors.

Vice President of Technology and Innovation at Verizon, Peter Tippett, speaking at the Infosecurity Europe trade show in London this week, made an interesting prediction, stating "While we can never fully forecast the future, we certainly have a good glimpse into what security will be like 10 years from now, based on all the data we have amassed over the last several years for our Data Breach Investigations Reports. For starters, we know successful security breaches are leveling off, and...

Verizon and Novell have teamed up to provide “Secure Access Services from Verizon” – an on-demand identity and access management service providing enterprise clients more control and stronger security when accessing cloud based applications.The service, powered by Novell technology, will enable enterprise clients to outsource the infrastructure and expertise required to extend and manage user access to cloud-based resources while maintaining control over policies and governance.

A recent study conducted by Unisys Corporation (NYSE:UIS), showed that the majority of mobile device users worldwide feel safe using their mobile devices for applications, including airline boarding passes, payments in stores for low-cost items or to access online banking.

Defending Against DDoS Attacks

Recent reports are showing that cybercriminals are targeting the abuse departments within financial institutions. Reports from a number of financial institutions show emails being sent to their abuse departments reporting a fake phishing email and hoping to have fraud analysts click on the click to investigate, when an attempt is then made to install malware on the users computer.

Beijing based mobile security service provider, NetQin Mobile Inc., announced it has received a third round of investor funding of $20 million. NetQin provides mobile security solutions- including anti-virus, anti-spam SMS/telephone, and privacy protection services. With this latest injection of cash in hand, the company has a goal to become the largest mobile security service provider worldwide.

Cellcrypt, a provider of secure mobile voice calling technologies, today launched Cellcrypt Enterprise Gateway, enabling business users secure calls to office landlines from mobile phones. The enterprise solution is targeted to executives traveling to hostile countries where phone interception is prevalent.

PGP Corporation today announced that Stuart Hopper has joined the company as its new Director of EMEA Channels. Hopper will be responsible for leading PGP Corporation's channel program and team in EMEA as the company looks to expand its footprint across the region.

Botnets, Trojans and Phishing…Oh my! The dedicated researchers at Symantec are at it again, scaring the living daylights out of companies and consumers with overwhelming evidence that the web is indeed a dark and foreboding place.

NETGEAR, Inc. (NASDAQ:NTGR), a networking solutions provider, today announced the first business class firewall that provides in excess of 1 Gigabit per second (Gbps) performance for under $500. NETGEAR claims the new ProSafe Quad WAN Gigabit SSL VPN Firewall (SRX5308) delivers up to 1 Gbps of firewall throughput -- faster than competing solutions in its price class.

Swiss information security and identity management solutions provider, WISeKey, announced today that it has secured $20 million in pre-IPO financing. The investment values the company at $200 million and was led by a group of USA, European and Swiss institutional and private investors.

As the number of cyber attacks against businesses increases, the majority of small and medium-sized businesses (SMBs) are not familiar with many of the online threats they face. A recent study of executives and finance professionals from SMBs across 38 industry sectors in the United States showed that 63 percent worry about cyber theft, yet lack knowledge on how to protect their businesses.

U.S. Department of the Treasury posed a new challenge to fraudsters this week, unveiling the new design for the $100 note and incorporating some new technologies to combat counterfeiting.

Security Software provider, Sunbelt Software, is looking capitalize on the misfortune of competitor, McAfee’s, recent “false positive” crisis that has been the talk of the industry and Twitter Wednesday afternoon.

Palo Alto Networks today announced that Michael E. Lehman has been appointed chief financial officer of the rapidly growing network security company. Lehman brings more than 35 years of senior-level financial management experience with technology companies, including CFO roles at Sun Microsystems.

Application risk management platform provider, Veradode, Inc., today announced Veracode SecurityInsights, a cloud-based service enabling Veracode users to instantly compare their software against the aggregated security quality benchmarks from thousands of applications in their industry.

Visa (NYSE:V) has announce that it will acquire online electronic payment and risk management provider, CyberSource Corporation, (NASDAQ:CYBS) in an approximately $2.0 billion cash transaction valuing CyberSource shares at $26.00 per share.

Symantec has released its Global Internet Security Threat Report for 2009, a data packed report showing trends, impending threats, and the continuing evolution of the Internet threat landscape.

Cox Announces “Cox Business Security Suite” powered by McAfee's technology