Gen Digital Inc. - GEN STOCK NEWS

Gen has received multiple prestigious awards in 2024 for its corporate responsibility and workplace excellence. The company reached 5.3 million people with Cyber Safety education and training, with 55% of team members participating in community support programs. Gen ranked 13th in its industry and 328th overall in Newsweek's Most Responsible Companies list for 2025.

The company earned a 4.5/5 rating in Newsweek's Greatest Workplaces for Parents & Families and a 4-star rating in America's Greatest Workplaces. Gen also received two Communitas Awards for its WAGGGS partnership promoting digital safety for girls and its Sustainability Home Improvement Program, which saw 29% employee participation funding over 1,000 home sustainability projects.

Gen Digital (NASDAQ: GEN) has announced its acquisition of MoneyLion (NYSE: ML) for $82.00 per share in cash, valuing the deal at approximately $1 billion. MoneyLion shareholders will also receive one contingent value right (CVR) per share, potentially worth $23.00 in Gen common stock if certain conditions are met.

The acquisition extends Gen's capabilities from privacy and identity protection to comprehensive financial wellness through MoneyLion's personal finance platform. MoneyLion brings over 18 million customers and a B2B2C white-labeled AI recommendation platform. The transaction, unanimously approved by both boards, is expected to close in the first half of Gen's fiscal year 2026 and will be accretive to Non-GAAP EPS.

Gen (NASDAQ: GEN) has released its cybersecurity predictions for 2025, highlighting major threats in the digital landscape. The company forecasts that AI and deepfakes will become increasingly sophisticated, making it harder to distinguish reality from fiction. Following a year of significant data breaches, experts predict a surge in identity theft as criminals combine stolen data to create comprehensive individual profiles.

The predictions also warn about hyper-personalized scams that will leverage psychological insights and social engineering, making it difficult to identify legitimate communications. Financial theft is expected to evolve with sophisticated mobile banking threats and cryptocurrency-related fraud, including deepfaked celebrity investment scams.

Gen showcases its community impact initiatives in Czechia, highlighting partnerships with educational organization Eduzměna to improve the country's education system. The company supports the creation of Education Support Centres (ESC), with the first pilot project launching in Kutná Hora in 2025, covering nearly 60 schools. Gen also offers discounted Avast cybersecurity products to nonprofits and maintains various volunteer programs. In fiscal 2024, over 500 team members participated in Global Volunteer Week, with 55% of the workforce engaging in volunteering or donations through the Gen Giving Hub.

Norton, a Gen™ brand, has launched Norton Small Business Premium, a comprehensive cybersecurity solution designed for small businesses and entrepreneurs. The service includes 24/7 Business Tech Support, Financial Monitoring, Social Media Monitoring, and Device Security features. According to company data, 56% of small business owners report cybersecurity threats impacting their business.

The solution offers real-time antivirus protection, secure VPN, password manager, cloud backup, and performance enhancements. Available for Windows, Mac, Android, and iOS devices, plans start at $299.99/year for 6, 10, or 20-device coverage.

Gen highlights women in tech during Cybersecurity Awareness Month through an interview with Tiffany Walker, head of product design. Walker shares her journey from print to digital design, discussing challenges faced as a woman in the male-dominated tech industry. She emphasizes three key skills for success: expertise in craft, ability to deliver quickly, and empathy. The article highlights the importance of mentorship and adapting communication styles while maintaining effectiveness. Walker expresses optimism about the growing presence of women in tech, noting how diverse perspectives enhance project outcomes and solutions.

Norton, part of Gen, is launching a product donation program to support domestic violence survivors by providing 5,000 free product licenses of Norton 360 Deluxe and Norton Secure VPN. The initiative, distributed through the Safe Shelter Collaborative and TechSoup, aims to protect survivors from technological and financial abuse. Eligible organizations can request up to 100 licenses per product. The program partners with the National Network to End Domestic Violence (NNEDV) and includes a $100,000 annual grant (2022-2024) to support NNEDV's Safety Net technology abuse response and Economic Justice programs.

Gen celebrates Cybersecurity Awareness Month by highlighting initiatives with partners Czechitas, Women4Cyber, and nasscom foundation to promote women in tech and cybersecurity education. The campaign focuses on four key protection strategies: using strong passwords with password managers, enabling multi-factor authentication, recognizing phishing attempts, and keeping software updated. The company emphasizes its commitment to diversifying the cybersecurity workforce through partnerships that provide training and mentoring programs for women across Europe and India.

Gen's Q3/2024 Threat Report reveals alarming cybersecurity trends, including a 614% increase in 'Scam-Yourself Attacks' where users are tricked into installing malware. Data stealing malware activity rose 39%, with Lumma Stealer increasing by 1154%. Ransomware threats doubled in risk ratio, while mobile threats escalated with spyware growing 166% and banking malware up 60%. The report identifies various attack methods including fake tutorials, ClickFix scams, FakeCaptcha, and fake updates. Norton Genie data shows smishing attempts (16.5%), lottery scams (12%), and package delivery scams (9.6%) as prevalent threats.