Feeds

McAfee hit by SEC investigation

Feds scan share options scheme...

5 things you didn’t know about cloud backup

McAfee has confirmed that it received notice from the Securities and Exchange Commission of a probe into its share options scheme.

The anti-virus company received warning of the formal investigation last Wednesday. It settled a previous action brought by the SEC by paying $50m, but the firm did not admit guilt.

McAfee confirmed in May that it was having informal talks with the regulator. The SEC is looking at allegations that share options were backdated - effectively removing any risk. McAfee recently sacked its chief counsel over this issue.

The SEC is looking at share options and wider issues of executive pay in corporate America. It has received over 20,000 comments from the public on the subject. The regulator wants companies to release more information in a clearer form. More than 30 companies are facing investigation.

SEC chairman Christopher Cox gave more details of the wider probe in a speech last week to the New York Financial Writers Association. Read the whole speech here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ice cream headache as black hat hacks sack Dairy Queen
I scream, you scream, we all scream 'DATA BREACH'!
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
JLaw, Kate Upton exposed in celeb nude pics hack
100 women victimised as Apple iCloud accounts reportedly popped
New Snowden leak: How NSA shared 850-billion-plus metadata records
'Federated search' spaffed info all over Five Eyes chums
Three quarters of South Korea popped in online gaming raids
Records used to plunder game items, sold off to low lifes
Oz fed police in PDF redaction SNAFU
Give us your metadata, we'll publish your data
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.