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McAfee Corp. develops consumer online protection products and publishes cybersecurity research through McAfee Labs. Company news centers on scam intelligence, malicious and suspicious web activity, mobile threats, brand impersonation, travel-related fraud risks, and product recognition for McAfee Total Protection, including anti-malware, identity monitoring, secure VPN, and safe browsing features.
McAfee's corporate history also includes the completed acquisition by an investor group led by Advent International and Permira, after which the company became a privately held, dedicated consumer online protection business.
McAfee Corp. (Nasdaq: MCFE) announced an evolution in its partnership with Fujitsu Client Computing Ltd, extending their multi-year agreement to enhance consumer security solutions for FCCL device users. This collaboration allows seamless integration of McAfee's security products, critical as cyber threats surged during the pandemic, with a reported increase of 240% in COVID-19-related cyber-attack detections in Q3 2020. The partnership aims to empower consumers with built-in security through McAfee LiveSafe's features, ensuring protection in an increasingly digital world.
McAfee Corp. (NASDAQ: MCFE) announced its first quarter 2021 financial results will be released on May 4, 2021, after U.S. market close. A conference call will follow at 5:00 p.m. ET for management to discuss the results. Investors can participate via dial-in or through a webcast. The replay will be available for 30 days on the company's Investor Relations page. McAfee focuses on device-to-cloud cybersecurity solutions, aiming to enhance safety for consumers and businesses.
McAfee Corp. (Nasdaq: MCFE) presents the McAfee Threats Report: April 2021, highlighting significant cyber threats observed in late 2020. Notably, there was a 10% increase in threats, averaging 648 per minute in Q4. COVID-19-related attacks surged by 240% in Q3 and 114% in Q4. Malware threats, including a 208% increase in Powershell threats, and a 69% rise in ransomware were prominent. Additionally, the technology sector faced a 100% increase in reported cyber incidents in Q4.
McAfee Corp. (Nasdaq: MCFE) has partnered with Panasonic Corporation to establish a Vehicle Security Operation Center (Vehicle SOC). This initiative aims to provide comprehensive monitoring services to protect connected vehicles from cyber threats globally. With the rise of digitalization and autonomous driving, the need for robust cybersecurity measures in the automotive sector has become critical. Both companies will leverage their expertise to build SOCs that enhance detection and response to potential attacks, contributing to a safer mobility environment.
McAfee (Nasdaq: MCFE) has announced winning multiple awards to recognize its leadership in cybersecurity, with 10 new accolades highlighting its innovative solutions. The Globee® Awards recognized McAfee at the 17th Annual 2021 Cyber Security Global Excellence Awards, while Cybersecurity Insiders awarded the company in seven categories at the 2021 Cybersecurity Excellence Awards. Notable achievements include Gold Awards for MVISION Insights as Cloud Security Solution and McAfee Endpoint for Endpoint Security in North America.
McAfee has launched the MVISION Cloud Native Application Protection Platform (CNAPP), designed to enhance security for cloud-native applications. This platform integrates Cloud Security Posture Management and Cloud Workload Protection, ensuring comprehensive data protection and threat prevention. Key features include deep discovery of workloads, automated assessments, and in-tenant data loss prevention. The launch responds to enterprises' needs for simplified security amidst increasing cloud adoption, helping them reduce complexity and costs associated with separate security solutions.
McAfee Corp. (NASDAQ: MCFE) has declared a cash dividend of $0.115 per share on its Class A common stock for Q1 2021. The dividend is set to be paid on April 9, 2021 to shareholders recorded by March 26, 2021 at 5:00 p.m. Eastern Standard Time. This reflects the company's commitment to returning value to its shareholders amidst its ongoing operations as a leading cybersecurity firm.
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McAfee Corp. (Nasdaq: MCFE) announced the sale of its Enterprise business to Symphony Technology Group for $4 billion cash. This transaction aims to enhance McAfee's focus on consumer cybersecurity. The Enterprise business, a leader in device-to-cloud solutions, generated $1.3 billion in revenue in 2020. Upon closing, McAfee plans to issue a $4.50 special dividend per Class A share and reduce debt by around $1 billion. The deal is expected to finalize by year-end 2021, pending regulatory approvals.
McAfee's 2021 Consumer Security Mindset study reveals that 63% of Americans plan to file taxes online this year, with 12% doing so for the first time. The increase in online tax filings poses greater risks, as hackers exploit vulnerabilities. The IRS identified $2.3 billion in tax fraud during FY2020, highlighting the prevalence of scams, especially during tax season. Common scams include phishing attempts and social media impersonation. Consumers are urged to protect their information by filing early and using McAfee Total Protection.