Intel has reached a deal to sell a majority stake in Intel Security to the private equity firm TPG, creating a jointly owned, pure-play cybersecurity company called McAfee, Intel announced Wednesday. Intel will get 3.1 billion in cash for the deal, as well as a 49-percent stake in the new business. TPG will own the remaining 51 percent and will make a 1.1 billion equity investment in the business. The transaction values Intel Security at 4.2 billion. Intel Security General Manager Chris Young will be appointed CEO of the new company once the transaction closes.
The relationship between the internet and the countless millions of users that make up its population and all of the information they share have a, less than positive relationship with those that want access to that information. Much like the relationship between criminals and cops; the relationship is based on constant escalation to find or resolve a weakness. And in the current state of affairs, the internet, with all of its users and companies, is in no position to patch holes rapidly in comparison to those actively looking to break through them. As much as we'd like to think that the race for cybersecurity is a near-run one. The reality is far more unsettling for those considering they are safe on a system that is proving to be increasingly outdated.
Cybersecurity is a concern for organizations of all sizes. The Bureau of Labor Statistics predicts that by 2026 information security analyst jobs will increase by 28%. So, it should come as no surprise that everyone is interested in what cybersecurity is going to bring in 2019. SPOILER Alert: The current threats in cybersecurity are going to continue to grow. Here are the big predictions for the year ahead.
To truly be effective, a cybersecurity program must continually evolve and improve. The problem is, many organizations don't have a clear sense of where they are today and how to improve for tomorrow. As Peter Drucker, the father of management, is often quoted as saying, "If you can't measure it, you can't improve it." In an effort to validate and measure their efforts, many cybersecurity organizations count the number of vulnerabilities they've closed in a given time period or report compliance with regulatory or industry standards. However, none of these approaches gives a true indication of your organization's maturity, nor do they provide a framework for improvement.