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McAfee buys Web site security company for $51M

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McAfee buys Web site security company for $51MMcAfee buys Web site security company for $51M

Posted by: Tweaker
Date added: 20:22, 30th October 2007 GMT
Source: Yahoo News

McAfee will acquire ScanAlert, a Web application security vendor, for $51 million, the companies announced Tuesday.

ScanAlert, which was founded in 2001, runs a paid service that scans Web sites daily looking for security vulnerabilities and checks if e-commerce applications have up-to-date patches.

McAfee said the business will be integrated into its Web Security Group, which develops McAfee's SiteAdvisor service. SiteAdvisor scans Web sites and scores them according to their risk, taking into account for example whether malicious software is hosted on the site. Consumers can download the SiteAdvisor toolbar that displays that ranking in a group of search results.

Sites using ScanAlert's service display a logo that says "Hacker Safe," which also appears on product listings on Web sites such as Yahoo's shopping channel and Pricegrabber.com. The service is aimed at increasing consumer confidence with e-commerce transactions, which have seen a rising level of fraud.

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