Symantec VP pronounces death of antivirus software

|About: Symantec Corporation (SYMC)|By:, SA News Editor

Antivirus "is dead," says Brian Dye, senior VP for information security at Symantec (SYMC), the company that pioneered such software in the late 1980s. Dye reckons that the products catch only 45% of cyberattacks. "We don't think of antivirus as a moneymaker in any way."

Except that antivirus still contributes over 40% of Symantec's revenues.

To reduce that reliance, the company is looking to follow an industry trend, and develop products and services that spot malicious software that's breached a computer's defenses and minimize the impact.

"If customers are shifting from protect to detect and respond, the growth is going to come from detect and respond," Dye says.