Welcome to our dedicated page for Gen Digital news (Ticker: GEN), a resource for investors and traders seeking the latest updates and insights on Gen Digital stock.
Gen Digital Inc. (NASDAQ: GEN) is a global leader in consumer cyber safety, offering a robust portfolio of security, identity protection, and privacy solutions through its renowned brands such as Norton, Avast, and LifeLock. With nearly 80 million users in over 150 countries, Gen is at the forefront of providing award-winning products and services that protect and empower people to live their digital lives safely.
Gen's core offerings include cybersecurity, online privacy, and identity protection solutions tailor-made for individual consumers. The company’s brands have long been recognized for their excellence in safeguarding personal information and ensuring online safety. Notably, the Avast One suite has recently expanded with the introduction of Avast One Silver, offering modular cybersecurity tailored to users' needs and preferences.
This innovation is a testament to Gen's commitment to evolving with the digital landscape, evident from its continuous product enhancements and the introduction of new features like Email Guardian and Privacy Advisor. Additionally, Gen has demonstrated a strong environmental commitment, partnering with organizations like Planet Water Foundation to provide clean drinking water to communities in need.
Gen's financial performance remains strong, with consistent growth in revenue, operating margins, and customer base. The company is also recognized for its best-in-class technology, validated by numerous awards from independent testing institutions such as AV-Comparatives and AV-Test. These accolades underscore Gen's dedication to maintaining high standards in cybersecurity and delivering innovative solutions to its users.
Furthermore, Gen is actively engaged in social impact initiatives, focusing on driving positive change through digital safety education, community support, and environmental sustainability. The company's efforts in these areas are detailed in its annual Social Impact Report, highlighting its commitment to creating a safer, more inclusive world.
For the latest news and developments, including financial results and earnings calls, visit Investor.GenDigital.com. Stay informed about Gen Digital Inc.'s ongoing projects and achievements as it continues to power Digital Freedom for millions worldwide.
Norton Benefit Solutions, the employee benefits division of Gen™ (NASDAQ: GEN), has expanded its global offerings to help employers protect their employees' digital lives. The expansion covers the US, EMEA, LatAm, and Asia, providing all-in-one Cyber Safety solutions through benefits programs.
The company's plans focus on three pillars: online privacy, security, and identity protection. Employees are equipped with a MyNorton portal to manage all features. The plans are tailored to each market and include protection for online privacy, security against malware threats, and identity protection using proprietary technology.
Norton Benefit Solutions has a 16-year track record, serving over 10,000 companies with a 99.8% retention rate. The company offers dedicated support teams and turnkey benefit administration at competitive values for employees.
Gen celebrates Hispanic Heritage Month from September 15 to October 15, honoring Hispanic and Latino Americans' contributions to U.S. history and culture. The company's Hispanic and Latino Outreach, Leadership and Advancement (HOLA) network fosters a supportive environment for professional and personal growth.
The PR highlights two HOLA Co-Champions: Brittany Gutierrez, Senior Benefits Analyst, and Iskander Sanchez-Rola, Director of Innovation. They discuss the importance of HOLA in building community, promoting cultural awareness, and fostering innovation. Both emphasize the significance of celebrating Hispanic Heritage Month beyond surface-level activities, encouraging participation in cultural events, supporting Hispanic-owned businesses, and learning about Hispanic contributions to history and science.
The Co-Champions stress the importance of inclusivity, welcoming allies to join in celebrating and supporting the Hispanic and Latino community at Gen.
AARP Services has announced enhanced offerings for AARP members this fall, focusing on personal security, safety, and travel. Key highlights include:
1. LifeLock™ by Norton: Up to 44% off identity theft protection plans
2. Tempo by Hilton: Up to 10% off best available rates, late checkout, and Hilton Honors benefits
3. Spark by Hilton: Similar benefits as Tempo by Hilton
These offerings add to the over 300 discounts and benefits already available to AARP members. The focus on travel and security aligns with top concerns of AARP members, as stated by John Larew, AARP Services President and CEO.
Gen's Cyber Safety program, My Digital Life, in partnership with Discovery Education, has reached 214,000 students across 49 states in its first year, surpassing the initial goal of 100,000. The program provides educators with resources to teach students about online safety, addressing issues like cyberbullying, privacy risks, misinformation, and scams. 63% of participating students were from Title I schools, and 70% were from underrepresented ethnic/racial backgrounds.
The program offers free, ready-to-use tools for teachers through its website and Discovery Education Experience platform. In its second year, My Digital Life plans to launch in multiple new languages and expand internationally. Gen employees will also volunteer to speak directly with classrooms about the technology industry through Discovery Education's Career Connect initiative.
Gen's Q2/2024 Threat Report highlights the increasing use of AI in cyberattacks, with cybercriminals leveraging deepfakes and sophisticated scams to target consumers. Key findings include:
1. Gen blocked over 1 billion unique attacks each month, up 46% from last year.
2. 95% of attacks occur during web browsing.
3. Deepfake campaigns resulted in multi-million-dollar losses, including a $5 million cryptocurrency scam.
4. There's a 24% quarter-over-quarter increase in consumer ransomware attacks.
5. Digital identity theft is rising, with InfoStealers and Mobile Bankers targeting personal information.
The report emphasizes the need for increased vigilance and consumer education to combat these evolving threats.
Norton, a consumer Cyber Safety brand of Gen (NASDAQ: GEN), released insights on parents' views about AI in education and shared best practices for a safe back-to-school season. A recent survey found that 93% of parents with school-aged children are concerned about AI use in classrooms. Top worries include:
- 51% fear inappropriate content exposure
- 50% worry about biased or incorrect AI-generated content
- 46% are apprehensive about children sharing personal data online
Despite concerns, 49% of parents would approve of their child using AI for schoolwork. Norton recommends protecting personal information, verifying website safety, using a VPN, enabling age-appropriate settings, and promoting integrity and responsibility to keep children cybersafe at school.
LifeLock is hosting an interactive event at The Grove shopping center in Los Angeles on August 17, 2024, featuring reality star Justin Glaze. The event showcases LifeLock's new Personal Data Exposure Scan, a free tool that identifies public locations of individuals' private information to assess identity theft risk.
Attendees can enter the LifeLock Control Room, see themselves as holograms during the scan, and witness their reactions projected in 3D. The event aims to raise awareness about personal data vulnerability and empower people to regain control over their information.
The event runs from 1:00 PM to 5:00 PM PT at The Grove, 189 The Grove Dr., Los Angeles. Melissa Voeller, Head of Global Integrated Marketing at Gen, will be available for media interviews about LifeLock and the 'Out of Control' Campaign.
Gen is addressing the global cybersecurity skills gap through various initiatives. The company recognizes the growing demand for skilled cybersecurity professionals and the lack of diversity in the workforce. To bridge these gaps, Gen is:
- Partnering with organizations like Czechitas and Nasscom to promote diversity
- Joining the European Commission's Cybersecurity Skills Academy
- Sponsoring the Women4Cyber Mentoring Program
- Implementing DEI initiatives and inclusive hiring practices
- Offering educational programs for employees
- Supporting STEM education initiatives
Gen aims to create a future where everyone can succeed in the cybersecurity industry and collectively protect against evolving cyber threats.
Norton, a Gen Cyber Safety brand, partnered with National PTA to create The Smart Talk, a free resource helping families discuss digital safety and online privacy. In the 2023-2024 school year, 40 local PTAs hosted Smart Talk Conversations, with 58% in Title I schools, reaching over 3,500 students and family members. TheSmartTalk.org has grown to over 12,000 users, while National PTA's engagement efforts garnered 162,500+ social media impressions and delivered 29 e-newsletters to a 750K subscriber base. This initiative is part of Gen's broader efforts to provide Cyber Safety skills, complementing products like Norton 360 with device security and Parental Control features.
LifeLock, part of Gen™ (NASDAQ: GEN), has launched the 'Out of Control' campaign and the Personal Data Exposure Scan to raise awareness about identity theft risks. The free scan tool reveals how individuals' personal information is exposed in public places, helping them understand their vulnerability to identity theft. LifeLock's General Manager, Ian Bednowitz, emphasizes that even cautious individuals can be at risk due to everyday information sharing scenarios.
The campaign includes a live event at The Grove shopping center in Los Angeles on August 17, featuring internet personality Justin Glaze. Attendees can experience the scan in a holographic Control Room. With nearly 1 in 4 consumers having been victims of identity theft, LifeLock aims to provide an extra layer of protection and restore identities if theft occurs.
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