According to a study by Javelin Strategy & Research the cost of identity theft in the United States from all sources rose to $54 billion in 2009 and affected 12 percent of all adults. One major source of identity theft are the viruses, trojans, worms and bots that McAfee targets with is products. Intel seems to be betting with this large purchase that this is a problem that is not going away soon.
“With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online,” Intel CEO Paul Otellini said in a statement. “In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.” – via CNet
McAfee is also making more products involving wireless security which Intel sees as part of a larger mobile and wireless strategy.
The number of connected devices is expected to grow from around 1 billion today to 50 billion in another 10 years, according to McAfee CEO Dave DeWalt. This growth will reshape opportunities in communications and commerce, he said in a video presentation, but cybercriminals and cyberterrorists will also take advantage of the Net’s open architecture, putting users at risk and jeopardizing the future of the Internet. Tackling next-generation cybersecurity is a key reason and motivation for Intel and McAfee to join forces, DeWalt said. – via CNet