[ISN] Antivirus pioneer Symantec declares AV “dead” and “doomed to failure”

http://arstechnica.com/security/2014/05/antivurus-pioneer-symantec-declares-av-dead-and-doomed-to-failure/ By Dan Goodin Ars Technica May 5, 2014 Commercial antivirus pioneer Symantec has finally admitted publicly what critics have been saying for years: the growing inability of the scanning software to detect the majority of malware attacks makes it “dead” and “doomed to failure,” according to a published report. Over the past two reported quarters, Symantec has watched revenue fall, and sales are expected to flag again in the most recent period when the company releases financial results later this week, an article published Monday by The Wall Street Journal reported. The declines come as Juniper Networks, FireEye, and other companies have rolled out products and services that take a decidedly different approach to securing computers and networks. Rather than scan for files that are categorized as malicious, these newer techniques aim to detect, minimize, and contain the damage that attackers can do in the event that they penetrate a customer’s defenses. Citing Symantec Senior President Brian Dye, the WSJ said: […]