Saturday, November 2, 2024
HomeInfosec- ResourcesFinally, Symantec sells of Digital Certificate(SSL) Business to DigiCert Inc

Finally, Symantec sells of Digital Certificate(SSL) Business to DigiCert Inc

Published on

Malware protection

Today Symantec announced that they are to sell Digital certificate(SSL) business to DigiCert Inc for $950 million plus.Problems started from 2015 where Google had issues in Symantec certificate issuance process.

Security engineers from Google and Firefox engineers discovered that Symantec misissued around 127 SSL certificates, as the investigation progress this underlying estimation developed to an outstanding figure of more than 30,000 certificates.

Also Read  Google Announces Final Decision in Distrusting Symantec SSL Certificates

- Advertisement - SIEM as a Service

With the recent update from Chrome 70 (expected late October 2018). All Symantec certificates issued from their present roots will not be trusted on this date if legitimate re-issuance move was not made.

To avoid this Symantec need to rebuild a new PKI infrastructure and certificates need to be issued with it, which is not a simple process.

So Finally Symantec has now announced the sale of its PKI business, for “US$950 million in upfront cash proceeds and approximately a 30 percent stake in the common stock equity of the DigiCert business at the closing of the transaction.”

Transitioning our Website Security and related PKI solutions to DigiCert allows us to sharpen our enterprise focus on delivering unparalleled protection for the cloud generation through Symantec’s Integrated Cyber Defense Platform. says Symantec CEO Greg Clark.
We carefully examined our options to ensure our customers would have a world-class experience with a company that offers a modern website PKI platform and is poised to lead the next generation of website security innovation. I’m thrilled that our customers will benefit from a seamless transition to DigiCert Clark added.

Also Read Fast and Complete SSL Scanner to Find Mis-configurations affecting TLS/SSL Severs-A Detailed Analysis

Digicert

DigiCert one of the leading certificate provider and having 2.2% of SSL certificate as per W3Techs.

We look forward to building a great security company and supporting all of Symantec’s and DigiCert’s customers well into the future. We have assembled the best team in the industry to help us deliver even better security solutions and service to our customers,” said DigiCert CEO John Merrill.

When compared to Symantec, DigiCert is a smaller Certification Authority. Now DigiCert needs to ensure a smooth Transition and to lift the penalty imposed by Google.

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

LightSpy iOS Malware Enhanced with 28 New Destructive Plugins

The LightSpy threat actor exploited publicly available vulnerabilities and jailbreak kits to compromise iOS...

ATPC Cyber Forum to Focus on Next Generation Cybersecurity and Artificial Intelligence Issues

White House National Cyber Director, CEOs, Key Financial Services Companies, Congressional and Executive Branch...

New PySilon RAT Abusing Discord Platform to Maintain Persistence

Cybersecurity experts have identified a new Remote Access Trojan (RAT) named PySilon. This Trojan...

Konni APT Hackers Attacking Organizations with New Spear-Phishing Tactics

The notorious Konni Advanced Persistent Threat (APT) group has intensified its cyber assault on...

Free Webinar

Protect Websites & APIs from Malware Attack

Malware targeting customer-facing websites and API applications poses significant risks, including compliance violations, defacements, and even blacklisting.

Join us for an insightful webinar featuring Vivek Gopalan, VP of Products at Indusface, as he shares effective strategies for safeguarding websites and APIs against malware.

Discussion points

Scan DOM, internal links, and JavaScript libraries for hidden malware.
Detect website defacements in real time.
Protect your brand by monitoring for potential blacklisting.
Prevent malware from infiltrating your server and cloud infrastructure.

More like this

Best SIEM Tools List For SOC Team – 2024

The Best SIEM tools for you will depend on your specific requirements, budget, and...

PentestGPT – A ChatGPT Powered Automated Penetration Testing Tool

GBHackers come across a new ChatGPT-powered Penetration testing Tool called "PentestGPT" that helps penetration...

8 Common Hacking Techniques & 3 Ways to Avoid Them All

Hackers come in many forms with sophisticated Hacking Techniques, While there has been a...