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 company in the Software Publishers industry that focuses on cybersecurity, online privacy, identity protection and financial wellness for consumers. Through brands such as Norton, Avast, LifeLock and MoneyLion, Gen regularly issues news about product launches, threat research, financial performance and corporate developments.
News from Gen often highlights advances in AI-powered cyber safety and scam protection. Recent announcements have covered the global expansion of Norton’s AI-based scam defense across Norton 360 and mobile plans, the launch of the Norton Neo AI-native browser, and Avast’s Scam Guardian and Scam Guardian Pro for mobile devices. These updates show how Gen applies AI to defend against phishing, deepfakes, scam calls, malicious texts and other social engineering threats.
Gen also publishes Gen Threat Reports and cybersecurity predictions that describe trends such as AI-built phishing sites, rising text scams, data breaches and digital tracking. These reports provide insight into how attackers use automation and AI, and how Gen’s brands respond with protective technologies. In addition, investors can find news about Gen’s quarterly financial results, outlook updates, conference presentations and governance changes through company press releases and related communications.
This news page aggregates these different types of updates in one place, including product news from Norton, Avast and MoneyLion, threat research from Gen Threat Labs, and investor-focused announcements from Gen Digital Inc. Readers can use this feed to follow how the company’s brands evolve, how the threat landscape is changing according to Gen’s research, and how Gen reports on its financial and corporate milestones over time.
MoneyLion (NYSE: ML) has announced a special stockholder meeting scheduled for April 10, 2025, where stockholders will vote on the proposed acquisition by Gen Digital (NASDAQ: GEN). The meeting will allow stockholders of record as of February 11, 2025 to consider and vote on the merger agreement adoption. MoneyLion, a digital ecosystem for consumer finance, is set to be acquired by Gen Digital in this strategic transaction.
LifeLock (NASDAQ: GEN) warns of rising AI-driven tax scams, with 56% of individuals already encountering AI-powered voice scams. The IRS Criminal Investigation unit revealed tax fraud and financial crimes increased to $9.1 billion in 2024, up from $5.7 billion in 2022.
Three major scam types identified for 2025 include:
- W-2 Phishing Scams using AI-generated communications to steal tax documents
- Disaster Relief Fund Tax Scams exploiting IRS tax extensions
- Offer in Compromise (OIC) Scams making false debt relief promises
LifeLock's General Manager Ian Bednowitz emphasizes the increasing sophistication of these scams, with 81% of victims reporting financial impacts. The company recommends using reputable tax preparation services, verifying communications, and implementing protective measures like monitoring financial accounts and using identity theft protection services.
MoneyLion (NYSE: ML) announced record financial results for Q4 and full year 2024, highlighting significant growth across key metrics. The company reported FY 2024 revenue of $546 million, up 29% year-over-year, and achieved net income of $9.1 million compared to a net loss of $45.2 million in 2023.
Q4 2024 revenue increased 40% to $158.6 million versus Q4 2023, with a net income of $1.7 million compared to a $4.2 million loss in the prior year period. Adjusted EBITDA grew 55% to $25.6 million for Q4 and 98% to $92 million for the full year, representing a 17% margin.
Customer and product metrics showed strong growth with total customers increasing 46% to 20.4 million and total products growing 48% to 34.1 million in 2024. Total originations rose 32% year-over-year to $853 million in Q4 and 38% to $3.1 billion for the full year.
Additionally, MoneyLion announced it has entered into a definitive agreement to be acquired by Gen Digital (NASDAQ: GEN), with the transaction expected to close in the first half of Gen's fiscal year 2026.
Norton, part of Gen™ (NASDAQ: GEN), has launched enhanced AI-powered scam protection features across its Cyber Safety product lineup. The company reports that 90% of all cyberthreats now originate from scams and social engineering threats, nearly tripling since 2021.
The new offerings include Genie Scam Protection and Genie Scam Protection Pro, providing AI protection against scams in texts, phone calls, emails, and web browsing. These features are now available in the US across Norton's product range, including Norton AntiVirus Plus, Mobile Security, and 360 plans.
Key features include Safe SMS for text message scam detection, Safe Web for online protection, AI-powered Scam Assistant, and Norton Private Browser. Additional Pro features include Safe Call for blocking scam calls, Safe Email for proactive email scanning, and Scam Support and Reimbursement services for qualifying customers.
Gen Digital (NASDAQ: GEN) has announced the pricing of $950 million in senior notes with a 6.25% interest rate, due in 2033. The private offering, scheduled to close on February 13, 2025, is exempt from Securities Act registration requirements. The company plans to use the proceeds, along with available cash, to repurchase all outstanding 5.00% Senior Notes due 2025.
The notes are exclusively offered to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S. They will not be registered under the Securities Act or state securities laws, limiting their sale and offer within the United States to qualified exemptions.
Gen Digital (NASDAQ: GEN) has announced a proposed private offering of $1,100 million in senior notes due 2033. The company plans to use the proceeds to repurchase all outstanding 5.00% Senior Notes due 2025 and for general corporate purposes. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act.
The notes will not be registered under the Securities Act or state securities laws, requiring an applicable exemption for any U.S. sales. This announcement does not constitute an offer to sell, purchase, or a solicitation of an offer to buy or sell securities.
Gen (NASDAQ: GEN) released its Q4/2024 Threat Report, revealing a significant surge in cyberthreats with 2.55 billion threats blocked (321 per second). Social engineering attacks comprised 86% of all blocked threats, with a risk ratio of 27.7% in Q4.
Key findings include a 14% rise in phishing attacks and malvertising accounting for 41% of blocked attacks. Social media platforms were major threat vectors, with Facebook representing 56% of identified threats, followed by YouTube (24%) and X (10%). The main scam types were deceptive online ads (27%), fake e-shops (23%), and phishing (18%).
Financial scams peaked in Q4, highlighted by the largest deepfake crypto scam that stole over $7 million. Mobile banking trojans saw significant growth, with BankBot infections increasing by 236% compared to Q3. Personal data threats also escalated, with Gen blocking attacks targeting 4.2 million individuals, a 130% increase from Q3. Ransomware showed a 50% increase in Q4.
Norton's latest study reveals AI's growing influence in online dating, with 60% of users believing they've chatted with AI-generated responses. The study shows significant interest in AI applications, with 64% willing to use AI for pick-up lines and 63% for profile development.
However, AI also enables sophisticated scams, with only 46% of users able to identify fake images. 27% of users reported seeing their photos used without permission. The report indicates a 64% increase in blocked dating scam attacks in the US year-over-year, with 40% of dating app users targeted by scams and 41% of those becoming victims.
Common scams include catfishing (55%), romance scams (34%), sugar daddy/baby scams (32%), and sextortion (31%). Norton has launched Genie, a free AI-powered scam detection app, to help users navigate online dating safely.
Gen Digital (NASDAQ: GEN) reported strong Q3 FY2025 results with revenue reaching $986 million, up 4% year-over-year. The company demonstrated solid financial performance with GAAP operating income increasing 13% to $374 million and operating margin improving by 3 points to 38%.
Key highlights include Q3 diluted EPS of $0.26 (up 18%) and operating cash flow of $326 million (up 3%). Non-GAAP bookings reached $1,036 million, up 3%, while non-GAAP operating income grew 4% to $577 million.
Following strong Q3 momentum, Gen strengthened its FY2025 guidance, now expecting revenue between $3,915-$3,930 million and EPS of $2.20-$2.22. The company also declared a quarterly dividend of $0.125 per share, payable March 12, 2025.
Avast, part of Gen™ (NASDAQ: GEN), has expanded its identity protection solution, Avast Secure Identity, to 15 new countries beyond the US. This expansion comes amid rising identity theft risks and data breaches, with the Q3/2024 Gen Threat Report noting a 614% increase in 'Scam-Yourself Attacks'.
The service offers comprehensive protection features including: Dark Web Monitoring for personal information, Social Media Monitoring for compromised accounts, Restoration Support with specialists, Stolen Wallet Assist, and Financial Monitoring. Identity Theft Insurance is available in Australia and New Zealand, while Financial Monitoring is offered in the UK, Australia, and New Zealand.
The expansion includes major markets such as the UK, France, Germany, Brazil, Mexico, Spain, and Italy. AVG, also part of Gen, has expanded its Secure Identity product to these countries with similar capabilities.