Symantec Acquires Fireglass For Ransomware Security

After months of malware and ransomware spikes have consumed the cyber security headlines, solution provider Symantec is betting big on stopping those threats with the acquisition of Israel-based Fireglass.

California-based Symantec is known for its security software, and in swooping up Fireglass for a reported $250 million, will now incorporate the startup’s agentless solution that eliminates ransomware, malware, and phishing threats in real-time.

“Fireglass’ innovative approach to browser isolation substantially reduces the attack surface, strengthening an enterprise’s security posture and as a result, significantly reduces the burden on the company’s security operation center (SOC) and IT help desk,” according to a statement from Symantec.

As previously reported by Enterprise Mobility Exchange, mobile ransomware attacks were up in Q1 2017 a whopping 253% from Q4 2016, and impacted devices in 190 countries globally.

There have been two very notable ransomware attacks in the first half of 2017; first, the WannaCry attack in May, which was killed within 24 hours but did major damage to the EU in its early onset; then a second attack in June that began in the Ukraine and spread globally. That attack hit more than 12,500 machines that were running older Windows platforms, and included giant companies across multiple industries, including Merck; AP Moller-Maersk; Rosneft; and Mondelez International.

Symantec made business news waves last year when it spent $4.65 billion to acquire Blue Coat, which led to the transition of Greg Clark – then CEO of Blue Coat – becoming CEO of Symantec in a restructuring scenario.

Earlier this year Symantec joined five other major players – AT&T, IBM, Nokia, Palo Alto Networks, and Trustonic to form the IoT Cybersecurity Alliance.

“We’ve long admired Symantec for their leadership in protecting customers’ critical information,” said Fireglass CEO Guy Guzner. “Fireglass industry-leading isolation technology helps customers battle zero-day attacks and other serious vulnerabilities, making it an essential element for protecting email, messaging and web browsing. It easily integrates with existing security solutions and across all forms of the endpoint including Windows, Mac, Android, iOS and all others including browser-enabled IoT devices.”