tech:

taffy

Allstate to acquire InfoArmor for $525M

Insurance giant Allstate has agreed to acquire InfoArmor, a provider of employee identity protection, for $525 million in an all-cash transaction expected to close later this year.

InfoArmor, a privately held company, headquartered in Scottsdale, Arizona, serves more than one million employees and their family members at over 1,400 firms, including more than 100 of the Fortune 500 companies, according to a statement by Allstate.

“Consumers are increasingly at risk of having their digital identities compromised. Last year there were over 16 million victims of identity fraud, which resulted in over $16 billion of losses. With the acquisition of InfoArmor, Allstate will protect more customers from this risk and help rebuild their lives after they have been hacked,” said Tom Wilson, chairman, president and CEO of Allstate.

The transaction is subject to regulatory approvals and customary closing conditions.

[Image courtesy: InfoArmor]

Also see:

Esri signs Space Act agreement with NASA

Esri has signed a Space Act Agreement with the National Aeronautics and Space Administration (NASA), extending access to the broader global community to NASA's geospatial content.

Hackers take down EU Parliament site in apparent DDoS attack — Techradar.pro

Russian hackers have attacked the website of the European...

CGI awarded $17.4M Nuclear Regulatory Commission cybersecurity contract

CGI has been awarded a cybersecurity contract to prepare the Nuclear Regulatory Commission (NRC) for emerging cyber threats under its Global Infrastructure and Development Acquisition (GLINDA) Blanket Purchase Agreement.