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SAN JOSE - Intel plans to buy security company McAfee for $7.68 billion. The chipmaker said Thursday it has entered into a definitive agreement to buy all of McAfee's common stock at $48 per share in cash. McAfee's stock closed Wednesday at $29.93, making Intel's offer a 60 percent premium. The boards of both companies
BIRMINGHAM - Some deals just don't make sense. Some have underlying motivations that are not immediately apparent. Intel's announced intention to acquire McAfee for $7.68 billion is a deal that does not make sense no matter what perspective you take. Technology acquisition. One argument put forth by analysts so far is that by acquiring a
SAN FRANCISCO - A worm that targets critical infrastructure companies doesn't just steal data, it leaves a back door that could be used to remotely and secretly control plant operations, a Symantec researcher said on Thursday. The Stuxnet worm infected industrial control system companies around the world, particularly in Iran and India but also companies
ANN ARBOR - It's a problem every fire chief knows all too well: how can you keep track of all of your responders during an incident? If there is an evacuation, how can you be sure that everyone made it out? If a missing firefighter is actually trapped inside, you have just minutes to rescue
LONDON - Consumers and businesses in Great Britain have lost more than $1 million so far this summer from a Trojan that is infecting their computers, prompting them to log into their bank accounts, and then is surreptitiously transferring money to scammers in other countries, security researchers said on Tuesday. About 3,000 bank accounts were
REDMOND - Microsoft issued a record number of monthly patches on Tuesday, including fixes for eight critical holes affecting Windows, Internet Explorer, Microsoft Word, and other programs that could be exploited to take control of a computer. Of the 14 patches addressing a total of 34 vulnerabilities, four of them should be given priority, Microsoft
SAN FRANCISCO - It looks like there's yet another little bug that compromises the privacy of Facebook users-all 500 million of them-and it doesn't matter how a user has set the account's privacy settings. The bug can be found in the error page that comes when a user attempts to sign in but types in
ANN ARBOR ? A former University of Michigan start-up company, Arbor Networks, has agreed to be acquired by a Texas-based network service provider, the companies announced Monday. Terms of the acquisition, expected to close next month, were not disclosed. Cyber Security expert Richard Stiennon, in his eNewsletter Cyber Defense Weekly, said the netflow analysis and
SAN FRANCISCO - Adobe said Thursday that it will release an emergency fix the week of August 16 for a critical hole in Reader that was publicly disclosed at the Black Hat conference last week. The flaw, which could be exploited to take control of a computer, is related to the way Adobe's PDF (portable