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Avast reports a surge in cryptocurrency phishing scams during the first half of 2021, targeting regions with increasing crypto adoption. The U.S., Brazil, and Nigeria are the primary targets. The rise coincides with Bitcoin's growing popularity, especially after its legalization in El Salvador. Avast warns that as cryptocurrency gains traction, it becomes more appealing to hackers. The company provides guidance on secure cryptocurrency storage and scam identification to protect users from these growing threats.
Avast (LSE:AVST) reports that tech support fraud is a significant issue in the U.S., worsened by the COVID pandemic. According to Avast Threat Labs, incidents skyrocketed by 171% from 2019, with seniors over 60 years old comprising 66% of victims and bearing 84% of the losses, totaling $116 million in 2020. Scammers often deceive victims into purchasing unnecessary services through scare tactics. To combat this, Avast emphasizes the importance of public awareness and provides tips to help individuals recognize and avoid scams.
Avast mourns the loss of its former CEO, Vince Steckler, who tragically passed away in a car accident on June 15, 2021, at the age of 62. Joining Avast in 2009, he transformed the company into a global cybersecurity leader, growing revenues from $20 million to over $800 million and spearheading the $1.3 billion acquisition of AVG Technologies. His leadership was pivotal in taking Avast public on the London Stock Exchange in 2018. Known for his dedication and philanthropy, Vince's contributions will be remembered fondly by employees and the tech community alike.
On June 16, 2021, Avast announced the appointment of Charles Walton as Senior VP & General Manager for Identity and Paul Carter as Global Head of Corporate Development, effective July 1. Walton brings over 25 years of experience, focusing on enhancing Avast's identity strategy, while Carter will drive acquisitions aligned with Avast's growth agenda. CEO Ondrej Vlcek emphasized the company's commitment to addressing increasing security and privacy concerns in the digital landscape, aiming to advance identity-protecting solutions.
Avast has partnered with Generali Global Assistance to enhance its identity protection services for its users. Initially available in the US, the service aims to provide immediate assistance to those affected by identity theft. With identity theft on the rise, having a reliable service is crucial. The partnership offers various features, including credit freezes, lost wallet assistance, and the ScamAssist service to help users navigate potential fraud. This collaboration strengthens Avast's commitment to user security through innovative solutions.
Avast has launched the Avast Business Hub, a comprehensive cybersecurity platform designed for channel partners and SMBs. This platform combines endpoint protection, patch management, backup and recovery, and remote support into a single solution, enabling easier management of security needs amid rising cyber threats. Key features include a user-friendly interface, mobile compatibility, centralized dashboards, and automated backup solutions. Avast's commitment to enhancing security aligns with the growing challenges posed by remote work and cyberattacks.
Avast has partnered with Recorded Future, a leader in enterprise security intelligence, to provide real-time threat intelligence on vulnerabilities and exploits. This collaboration will enhance Recorded Future's intelligence reports for clients, facilitating better decision-making in cybersecurity. Avast will contribute data from its global endpoint telemetry, helping enterprises prioritize alerts and risk scores. This strategic alliance aims to bolster cybersecurity insights, enabling organizations to manage threats effectively.
Avast has officially joined the Microsoft Intelligent Security Association (MISA) to enhance cybersecurity solutions for Windows users and businesses. This collaboration enables Avast to leverage its global threat intelligence to support Microsoft's cybersecurity ecosystem, improving the ability to predict, detect, and respond to evolving threats. Avast's advanced analytics platform protects millions of endpoints and offers significant insights into malware detection. This partnership positions Avast alongside trusted security vendors, aiming to strengthen security measures for shared customers.
Avast has appointed Trudy Cooke as its new General Counsel and Company Secretary, as approved by the Board. Cooke brings over two decades of experience in corporate law, previously serving as Group General Counsel at Inmarsat. Her role will involve providing legal advice to the Board and Management, playing a pivotal part in Avast's strategy to enhance digital security for users globally. CEO Ondrej Vlcek emphasized her importance to the leadership team, especially as the company continues its growth trajectory.
