GEN DIGITAL INC Stock Price, News & Analysis

Avast is set to play a key role in the European Commission's EU Digital Identity Wallet Consortium (EWC), which has been chosen to oversee large-scale pilots for the EU Digital Identity Wallet (EUDI) ecosystem. This initiative aims to provide European citizens with a secure digital identity recognized across EU Member States. The pilot, focusing on enhancing travel transactions, will debut in early 2023, showcasing the potential of digital wallets in eCommerce. Andrew Tobin, Commercial Director at Avast, emphasized its significance in empowering digital freedom for users.

Gen demonstrated a strong commitment to corporate responsibility in November 2022 through its initiatives surrounding Giving Tuesday. The company, previously known as NortonLifeLock, launched the Gen Giving Hub to facilitate employee donations, providing $50 in 'seeding' to 694 employees, resulting in a total of $509,992 donated to 674 causes. The significant 3:1 employee match reflects Gen's culture of philanthropy, with previous years seeing substantial fundraising efforts. Gen is also focusing on alleviating food insecurity during the holiday season, continuing its support for various charitable initiatives.

Avast, a global digital security brand under Gen (NASDAQ: GEN), warns of a heightened risk of ransomware attacks in 2023, predicting increased threats to both individuals and businesses if ransom demands are not met. The company highlights the manipulation of economic fears by scammers, leading to a rise in social engineering tactics. With malware becoming more accessible, cybergangs may recruit individuals for malicious activities. Overall, Avast emphasizes the urgent need for personal and corporate cybersecurity measures to combat these evolving threats.

Norton, a Cyber Safety brand of Gen (NASDAQ: GEN), released its predictions for 2023, highlighting the impact of economic pressures on cybercrime. Experts warn that inflation and rising costs will make consumers more vulnerable to scams, such as financial assistance fraud and fake e-commerce sites. Norton anticipates a surge in data breaches as companies operate with fewer staff, and AI advancements will make scamming easier. To combat these threats, Norton recommends consumers manage their passwords, adopt stronger multi-factor authentication methods, and remain skeptical of suspicious communications.

Norton, a Cyber Safety brand of Gen (NASDAQ: GEN), is urging online shoppers to adopt safety measures ahead of Cyber Monday. With sales expected to surpass $200 billion in 2022, the incidence of cybercrimes is increasing, with nearly 40% of shoppers reporting scams during the holiday period. A study revealed that 25% of U.S. adults have been targeted by scams. Norton advises using secure sites, being cautious with deals, and protecting personal information while shopping online. More than 89% of Americans feel confident in online shopping but 43% are unsure how to do it safely.

Genesis Healthcare has appointed Harry Wilson as its new CEO, succeeding Robert Fish. Wilson aims to develop a turnaround strategy while enhancing patient care and strengthening the company’s position in eldercare. The board expressed gratitude to Fish and welcomed Wilson’s transformational leadership experience. Wilson’s background includes notable restructuring roles, including the turnaround of General Motors. Alongside Wilson, David Harrington assumes the role of Executive Chairman. Genesis provides skilled nursing and rehabilitation services across the U.S.