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. develops consumer cyber safety, online privacy, identity protection and financial wellness products through brands including Norton, Avast, LifeLock and MoneyLion. Company news commonly covers earnings releases and guidance, product updates, and the expansion of security and privacy features across Norton 360, Norton Neo, VPN services and AI-agent protection.
Recurring developments also include partnerships that integrate Gen technology into consumer AI and financial information experiences, updates from Gen Threat Labs, and product initiatives tied to phishing defense, anti-fingerprinting, VPN connectivity, identity agents and compliant financial product recommendations.
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Gen Digital Inc. (NASDAQ: GEN) announced the release of its fiscal 2023 fourth quarter and full-year financial results on May 11, 2023, after market close. Following the announcement, Gen management will hold a conference call at 2 p.m. PT / 5 p.m. ET. The company specializes in cybersecurity and privacy, serving over 500 million users globally with products under brands like Norton and Avast. Investors can access the conference call via a link on Gen's investor relations page.
On April 13, 2023, Gen (NASDAQ: GEN) announced that its products, Norton 360 and Avast Free Antivirus, received SE Labs' awards for Best Home Anti-Malware and Best Free Anti-Malware, respectively. These accolades underscore Gen's dedication to reliable cybersecurity solutions. Michal Pechoucek, the CTO, emphasized the importance of independent tests that validate product performance in real-world scenarios. SE Labs praised Norton and Avast for their consistent success in rigorous testing environments. With over 500 million users globally, Gen aims to enhance digital safety through its cybersecurity brands. The awards reflect both product excellence and the company's commitment to innovation in AI and machine learning.
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The risk of encountering stalkerware on mobile devices has surged by 239% globally over the past three years, according to a report by Avast, a brand of Gen (NASDAQ: GEN). Stalkerware, a form of tech abuse, covertly tracks location and monitors smartphone activity. Avast's threat researchers found the number of people targeted rose from an average of 18 per 100,000 in 2020 to 61 per 100,000 in 2022. The rise in stalkerware poses serious safety concerns, as it is often installed secretly by abusive individuals. Avast continues to develop solutions to detect and block these invasive apps.
Gen (NASDAQ: GEN) has launched Avast One Platinum, a premium tier of its cybersecurity services, enhancing digital protection for users. This new offering integrates various features from Avast One Family, including identity theft protection, unlimited 24/7 tech support, and reimbursement coverage of up to $2 million for identity theft-related expenses. Avast One Platinum also includes features such as dark web monitoring, credit report monitoring from three bureaus, and lost wallet protection. Priced at $249.99 annually, it protects up to six family members across 30 devices and is available on multiple platforms.
LifeLock, a brand of Gen (NASDAQ: GEN), issued a report on March 8, 2023, highlighting rising tax fraud methods as the U.S. tax season peaks. Over 90% of taxpayers are filing online, making them vulnerable to identity theft. The IRS uncovered more than $5.7 billion in fraud in 2022 alone. LifeLock's expert, David Putnam, emphasizes preventive measures like filing early and using an IRS Identity Protection PIN. The report details threats such as ghost tax preparers, IRS impersonation scams, and gift card fraud. LifeLock offers identity theft protection services to help restore victims' identities, showcasing their commitment to safeguarding consumers.