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Symantec to launch transaction security solutions by year-end
 
The company is looking at opening a second development center outside Pune
 
Priya Padmanabhan
 
Friday, July 14, 2006

 

BANGALORE
JULY 13, 2006

Until now, Symantec's consumer products like Norton Anti-Virus protected PCs against viruses and worms. With interactions and transactions increasing on the Net, the company is looking to develop products to protect a PC from threats during the entire stage of transaction.

“Threats have become more individualized. Hackers are writing viruses that can get bank account and credit card numbers. We now want to protect individual transactions,” said Anil Chakravarthy, Vice President, India, Technical Operations, Symantec.

This security service will distinguish legitimate sites from illegal or suspect sites by flagging the ones that are safe for transaction from the ones that are risky. Symantec is terming this new wave Security 2.0. The transaction would be coded with encryption software.

An anti-phishing component, back-up and PC tune-up capabilities would also be included. The Beta version of this holistic protection system that has been christened Norton 360, will be launched by the end of the year.

While Norton 360 is not being developed at Symantec's development center in Pune, Chakravathy does not rule out this happening in future. The Pune center has been instrumental in developing data center products and file systems management.

The company plans to double its current Indian team of 1700 in the next two years. It is also on the lookout for a second development center outside Pune, but has not zeroed in yet on a possible destination.

The company has outsourced its customer support for consumer products to Sutherland and iSeva.

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