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NortonLifeLock and Avast merge in a deal worth more than $ 8 billion. The deal will see NortonLifelock acquire all of Avast’s stock and build a much larger cybersecurity company. “With this combination, we can strengthen our cybersecurity platform and make it available to over 500 million users,” said Vincent Pilette, CEO of NortonLifeLock. “We will also have the ability to further accelerate innovation to transform cybersecurity. “
The combination is expected to lead to antivirus products that include the benefits of Avast’s focus on privacy and NortonLifeLock’s identity experience, all at a time when cybersecurity is critical for both consumers. and businesses.
Ransomware is on the rise, with new high profile cases occurring on a weekly basis. Gigabyte was hit by a ransomware attack earlier this week, and a major ransomware attack hit customers of Kaseya’s remote computer management software last month.
These attacks can often lead to supply chain attacks, ransomware or malware incidents that also affect regular consumers. Hackers were successful in hiding malware in the CCleaner System Cleaner utility in 2017, and consumers are often the victims when databases of credit cards and personal information are leaked.
Avast, which was founded in the Czech Republic, has been building software for individuals and small businesses for 11 years and acquired AVG five years ago. NortonLifeLock is the former consumer side of Symantec, which was left behind after Broadcom acquired the enterprise security business from Symantec two years ago. Norton Antivirus has been around in various forms since 1991 and has remained a popular option for consumers for 30 years.
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