Antivirus software pioneer John McAfee agreed not to use his name in connection with cybersecurity products or services in order to settle a lawsuit against Intel Corporation, which purchased McAfee Associates in 2011 for $7.7 billion. McAfee and MGT Capital Investments, Inc., where McAfee serves as CEO, filed the suit last year seeking a declaration that the renaming of MGT Capital Investments to “John McAfee Global Technologies, Inc.” or the use of his name in connection with the company would not infringe any Intel trademarks. According to the complaint, McAfee resigned from the company he founded in 1994 and sold his remaining shares in the company in […]

If cybersecurity is not currently at the top of your company’s to-do list, then it should be. Anthem Inc., the nation’s second largest health insurer, agreed to a $115M settlement package to end litigation surrounding a 2015 data breach that affected nearly 80 million people. According to the deal, Anthem will (1) provide two years of credit monitoring, in addition to the two years that were previously offered after the breach in 2015, (2) cover out-of-pocket expenses, (3) compensate customers that already purchased credit monitoring products, and (4) make improvements to its data security systems. And the lawyers representing the class will cash in on $38M in […]