Gen Digital Inc. - GEN STOCK NEWS

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.

Gen Digital Inc. (NASDAQ: GEN) reported its Q1 FY2025 results, showing positive growth. Revenue increased by 2% to $965 million, while GAAP operating income rose 16% to $417 million. The company's non-GAAP results were equally impressive, with bookings up 3% to $913 million and diluted EPS increasing 13% to $0.53. Gen's CEO, Vincent Pilette, emphasized the growing need for cyber safety solutions amid increasing data breaches and AI-amplified scams. For Q2 FY25, Gen expects revenue between $965-$975 million and EPS of $0.53-$0.55. The company also reaffirmed its FY2025 guidance with revenue projected at $3,890-$3,930 million and EPS at $2.17-$2.23. Additionally, Gen announced a quarterly cash dividend of $0.125 per share.

Gen and the World Association of Girl Guides and Girl Scouts (WAGGGS) celebrated their decade-long partnership in Pune, India, highlighting the success of the Surf Smart 2.0 Programme. This initiative, co-developed by Norton and WAGGGS, aims to empower girls and young women aged 5-25 with digital knowledge and leadership skills for online safety.

Key achievements from April 2023 to April 2024 include:

• Reaching over 42,000 girls and young women
• 17,816 girls completing the programme and earning a badge
• 15,600+ downloads of the Surf Smart 2.0 curriculum
• Training of 6,500 volunteer leaders
• 143 Advocacy Champions trained across 7 countries

The programme also launched the Surf Smart Advocacy Fund, enabling young women in 10 countries to create campaigns for a safer, more accessible, and inclusive internet.

Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), has launched Norton Ultra VPN, a new all-in-one VPN service combining speed and reliability with advanced security, privacy, and identity features. The company now offers three VPN plans: Norton Secure VPN, Norton Ultra VPN, and Norton Ultra VPN Plus, catering to individuals, couples, and families respectively.

Key features of Norton Ultra VPN include:

• Privacy VPN for secure internet access
• Malware and scam protection
• Parental controls
• Password manager
• Dark web monitoring
• Privacy Monitor (US and Canada, Ultra VPN Plus only)

The new VPN lineup aims to provide comprehensive online protection against modern cyberthreats, with improved no-log policy and compatibility across Windows, Mac, Android, and iOS platforms.

Gen (NASDAQ: GEN) launched an educational campaign called 'Scam Artists' to highlight the emotional toll of cybercrime through creative artwork. In collaboration with psychologist Lee Chambers, the campaign aims to help people recognize the importance of online safety. Using EEG headsets, the brain reactions of three cybercrime victims were monitored as they recalled their experiences, producing visuals that depict their emotional states. New research revealed that 69% of Americans feel vulnerable to cybercrime, though only 52% have cybersecurity measures in place. The campaign underscores the need for proactive online protection to ensure digital control, confidence, and freedom.