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Avast has announced that its Chief Information Security Officer, Jaya Baloo, will moderate a panel discussion entitled "Ethics of Hacking: Doing Good with Security Skills" at the virtual SXSW Interactive Conference 2021. The session will be available on-demand starting March 16, 2021. Panelists Katie Moussouris and Chris Roberts will share insights on ethical hacking, discussing both personal experiences and professional advice. This initiative is part of the conference's "Uncharted Future" track and aligns with Avast's mission to enhance digital security.
Avast plc reported strong financial results for the year ended December 31, 2020, with Adjusted Revenue of $892.9m and a 7.9% organic growth rate. Consumer Direct Desktop revenue rose 10.6% to $699.7m. The company's Adjusted EBITDA increased by 2.6% to $495.5m, maintaining a 55.5% margin. A proposed dividend of 16.0 cents reflects an 8.8% increase. Looking ahead, Avast anticipates 6%-8% organic revenue growth for FY 2021. Despite challenges, Avast remains committed to innovation and customer engagement.
Avast has appointed Shane Ryan as the Global Executive Director of the newly formed Avast Foundation, aimed at enhancing digital safety and inclusivity. The Foundation, established in December 2020, focuses on empowering the next generation of digital citizens through community-driven initiatives. Ryan brings over 25 years of experience, previously served at the National Lottery Community Fund, and has a strong background in youth engagement and social programs. CEO Ondrej Vlcek emphasized the importance of this role for advancing Avast's social initiatives.
On February 24, 2021, Avast announced a strategic partnership with PMovil, enhancing access to its subscription-based solutions for over 400 million customers in Latin America. This collaboration enables direct carrier billing, allowing users to securely pay for Avast's services as part of their monthly phone bill. With 76% of the Latin American population lacking credit or debit cards, this partnership aims to provide greater access to cybersecurity products. Nick Viney from Avast emphasized the importance of removing payment barriers for underserved consumers.
Avast, a leader in digital security, analyzed the messaging of nine popular stalkerware apps used to secretly monitor children. Their findings reveal that these apps exploit parental fears to encourage unethical monitoring, promising safety at a low price. The analysis highlighted tactics such as fear-mongering, emotional appeals, and questionable user reviews. Avast's CISO, Jaya Baloo, emphasized the importance of trust and consent in parental guidance. The company recommends open communication and legitimate parental control tools to ensure children's online safety.
Avast (LSE:AVST) announced that its Avast Free Antivirus was awarded "Top-Rated Product" for 2020 by AV-Comparatives, outperforming several paid alternatives. The independent test lab highlighted Avast's strong performance in multiple categories, including four "Advanced+" ratings and three "Advanced" ratings. Additionally, it received joint Bronze and Silver Awards for Advanced Threat Protection and Real-World Protection Test respectively. Avast CTO Michal Pechoucek noted the importance of machine learning in addressing new cyber threats during the COVID-19 pandemic.
Avast conducted a survey involving over 15,000 users to analyze online dating behaviors amid lockdowns. Findings reveal that 50% of online daters researched their matches online, with 30% choosing not to meet after their findings. Motivations for research included confirming the match's identity (50%) and verifying claims (34%). Safety measures noted included meeting in public spaces (50%) and sharing location (37%). Interestingly, 55% formed longer relationships post-research. The survey highlights the growing intersection between digital security and personal safety in online dating.
On February 9, 2021, Avast, a leader in digital security, emphasized online safety for children during Safer Internet Day. Luis Corrons, the company's security evangelist, highlighted the urgency of equipping kids with safe online practices. Avast provided nine essential safety tips for parents, including avoiding personal info sharing, understanding privacy settings, and recognizing cyberbullying. Additionally, parents are encouraged to regularly engage in conversations about their children's digital experiences to foster a culture of safety and responsibility in an increasingly connected world.
On February 8, 2021, Avast announced its membership in the Coalition Against Stalkerware, a group dedicated to combating tech abuse. The company enhanced its mobile antivirus with features to alert users of stalkerware applications. Avast Threat Labs reported a 55.2% global increase in spyware and stalkerware during 2020, attributed to the pandemic. Avast's efforts aim to protect individuals from unwanted surveillance. The coalition, founded in November 2019, includes major organizations focused on addressing stalking and tech abuse.
Avast has appointed Shane McNamee as its new Chief Privacy Officer, effective immediately. McNamee, with over seven years in data protection, previously worked with the Irish Department of Finance and Data Protection Commission. His role will focus on enhancing Avast's privacy strategy, particularly in implementing GDPR compliance and promoting a privacy-centric approach to new technologies. Kelby Barton, General Counsel at Avast, emphasized McNamee's importance in navigating the complexities of data protection in the tech industry as the company expands its privacy product range.
