Symantec, McAfee in settlement over subscriptions

NEW YORK (Reuters) - Security software vendors Symantec Corp and McAfee Inc will pay a combined $750,000 and disclose more to consumers about their renewal policies under an agreement announced on Wednesday by New York's attorney general.

Attorney General Andrew Cuomo said the companies had renewed software subscriptions without customers' knowledge or authorization.

Under the settlement, Cuomo's office said in a statement, both companies will make detailed disclosures to consumers about subscription terms and renewal policies, and each company will pay $375,000 in penalties and costs.

(Reporting by Martha Graybow; Editing by Lisa Von Ahn)