Blog Coverage Symantec Combines Blue Coat Threat Intelligence into its Global Intelligence Network

LONDON, UK / ACCESSWIRE / October 27, 2016 / Active Wall St. blog coverage looks at the headline from Symantec Corp. (NASDAQ: SYMC). The company announced on October 26th, 2016, significant enhancements to its threat intelligence capabilities by integrating Symantec and Blue Coat’s security telemetry supported by artificial intelligence. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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The Partnership

Symantec and Blue Coat combined, leverage more than nine trillion elements of security data, providing visibility and protection for Symantec customers across their entire environments. Symantec stated that it now protects 175 million consumer and enterprise endpoints, 63 million email users, 80 million web proxy users, and processes nearly eight billion security requests across these products every day.

Greg Clark, CEO of Symantec said:

“By fast-tracking the integration of the threat intelligence capabilities from Symantec and Blue Coat, Symantec products are now blocking 500,000 additional attacks per day for our endpoint, email, and web security customers. Drawing out those kinds of results from data is only possible by using artificial intelligence, which gives our threat researchers a vastly augmented ability to spot attacks earlier than anyone else.”

This integration provides the foundation for Symantec’s Integrated Cyber Defense Platform, which allows Symantec products to share threat intelligence and improve security outcomes for customers across all control points.

Phishing Threat

To combat the increased threat to enterprises and consumers from phishing emails, Symantec announced that it has developed an innovative technology that analyzes new websites in real-time by comparing them to screenshots of known phishing sites. Leveraging machine learning and advanced image analysis, the technology is applied to more than 1.2 billion web requests each day and has uncovered 137,000 new phishing campaigns since its release.

New Cyber Espionage Campaign Discovered

Symantec announced that with the combined Symantec-Blue Coat threat telemetry they were able to identify that the Buckeye group was still highly active, earlier the cyber-espionage agreement between the U.S. and China was signed in September 2015, it was believed that the China-based cyber-espionage group Buckeye had largely stopped their attack operations. Symantec’s combined team uncovered new spear-phishing emails targeting 13 political entities in Hong Kong leading up to the Hong Kong elections.

Sophisticated Financial Heists

The combined Symantec and Blue Coat telemetry also identified that, since January 2016, a series of campaigns involving malware called Trojan.Odinaff have targeted roughly 100 financial institutions worldwide, including investment brokerage houses, consumer banks, and ATM networks. The Odinaff attack is unusual in that once attackers infiltrate a victim’s financial institution, they spend time learning about the exact capabilities of the target organization, post which the attackers execute an attack plan leveraging the specific capabilities of the compromised organization, such as withdrawing funds, making trades, or transferring money via the SWIFT wire transfer system.

Stock Performance

On Wednesday, the stock closed the trading session at $25.03, slightly up 0.16% from its previous closing price of $24.99. A total volume of 8.32 million shares have exchanged hands. Symantec’s stock price rallied 22.80% in the past three months, 49.60% in the previous six months, and 55.60% in the last twelve months. Furthermore, since the start of the year, shares of the company have surged 50.31%. The stock has a dividend yield of 1.20%.

Earnings Alerts: Symantec will webcast its quarterly earnings conference call on November 3rd, 2016, at 5 p.m. ET to discuss the results of its fiscal second quarter, which ended September 30th, 2016.

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