GEN DIGITAL INC Stock Price, News & Analysis

Gen Digital Inc. (NASDAQ: GEN) has announced that it will release its fiscal 2025 second quarter financial results on Wednesday, October 30, 2024, after the market closes. Following the press release, Gen management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET on the same day.

Investors and interested parties can access the conference call dial-in information and live webcast link on the company's investor relations website at Investor.GenDigital.com. This announcement provides shareholders and analysts with the opportunity to review Gen Digital's financial performance for the second quarter of fiscal year 2025 and participate in a discussion with the company's management team.

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.