Symantec Preps Cloud-Based Mobile Security Services
The security giant gears up to roll out mobile security apps and services for mobile devices, a market set to skyrocket -- growing more than twice as fast as the traditional PC sales, according to Symantec. Symantec continued its recent spending spree this week by investing an undisclosed amount in Series C funding in Mocana, a San Francisco-based developer of cloud-based security applications for connected, non-PC smart devices including smartphones. Company officials said this latest round of financing will be used to expand Mocana's product lines, grow its international operations and ramp up sales and marketing activities. In addition, Symantec (NASDAQ: SYMC) and Mocana announced they will extend their existing technology partnership to develop and extend security apps and services for new classes of connected, non-PC smart devices, a market that Symantec pegs at more than $900 billion and that's growing more than twice as fast as traditional PC sales. Recent years have seen smartphones and other mobile devices emerging as a source of concern for enterprise security managers, as organizations' workforces become increasingly mobile and the increasing sophistication of their devices opened them to threats similar to those prevalent on PCs.
For instance, in March, researchers discovered malware in the Android-based HTC Magic smartphone. Viruses have also been detected in a range of other Net-connected devices, ranging from digital picture frames to ultraportable PCs.
Read the full story at eSecurity Planet: