Symantec Says Antivirus Programs Are Dead

Symantec

Antivirus is dead, according to the company that invented it. Symantec is amending its 25-year-old anti-malware product because it doesn’t work. “We don’t think of antivirus as a moneymaker in any way,” Symantec’s senior vice president for information security told The Wall Street Journal. Companies spend billions of dollars on cyber-security systems only to have their systems hacked, a la Target. Breaches can cost organizations tens of millions of dollars, and in the case of Target, the top executive his job. More than ever, businesses and individuals need cybersecurity protection. “But the whole concept of detecting what is bad is a broken concept,” Ted Schlein, a security-focused investment partner at Kleiner Perkins Caufield & Byers, told The New York Times at the end of last year. But, if not antivirus software, then what?

Read the full story at Fast Company.

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