"Both McAfee and Symantec have substantial threat research centers and provide incremental information on advanced threats to the alliance," John Maddison, vice president of marketing for Fortinet, told eWEEK. "It was very obvious when talking to both these companies they were keen to join the alliance, which enabled them to share the information with their own customer bases. Both McAfee and Symantec put aside market rivalries to become founding members of the alliance."
Ken Xie, Fortinet chairman and chief executive, said “the combination of each of these leading technology vendor's observations, insights and solutions will significantly increase the alliance's construct and effectiveness."
In addition to evolving the alliance framework and bylaws, co-founders Fortinet, McAfee, Palo Alto Networks and Symantec will each dedicate resources to determine the most effective mechanisms for sharing advanced threat data to foster collaboration amongst all alliance members and make united progress in the fight against sophisticated cyber adversaries.
Fortinet - a global leader in high-performance network security - has warned mobile device users to be on the alert for mobile ransomware, which has seen a steady increase worldwide in recent months.
"These data breaches, whether we hear about them or not, are happening on a pretty regular basis," Manky says. "We've seen data breaches in the past in the millions and millions of passwords leaked and stolen."