Symantec Buys LifeLock In $2.3B Marriage Of Online Security, Privacy Services

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With cybercriminals increasingly using malware and phishing attacks to steal sensitive personal information, it’s perhaps not surprising that a company that makes online security software would want to acquire a business that offers identity theft protection services — even one that has been heavily penalized for not living up to its promises.

Symantec announced Sunday that it has agreed to buy LifeLock for $2.3 billion, a deal that Symantec says will allow it to step up its protection services and address expanding needs in the consumer cybercrime realm by combining LifeLock’s identity protection services with its own Norton antivirus business.

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