Ransomware Costs Surge as Quantum Computing Risks Loom: How Data Security Stocks Are Responding
Gen Digital Inc. (GEN)
Last gen digital inc. earnings: 3/16 04:30 pm
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Source: PR Newswire
USA News Group News CommentaryIssued on behalf of Scope Technologies Corp.VANCOUVER, BC, Oct. 2, 2024 /PRNewswire/ -- USA News Group News Commentary – Ransomware is on the rise, according to the IBM Cost of a Data Breach Report 2024, with the global average cost of a data breach reaching $4.88 million this year, for a 10% increase over 2023. As computing power and technology advances, so too does the ability of cybercriminals to penetrate vulnerabilities, with 55% of companies reporting modern cybercriminals are now more advanced than their internal teams. With the rise of quantum computing the G7 Cyber Expert Group (CEG) recently advised the G7 Finance Ministers and Central Bank Governors encouraging jurisdictions to monitor quantum computing development, and begin planning for the potential risks quantum computing poses on some current encryption methods. Several tech developers are currently working on AI-powered, and future-proof quantum computing security to protect data today an
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News
- Norton Introduces Small Business Premium for Powerful, Easy-to-Use Business-Grade SecurityPR Newswire
- Gen Q3 Threat Report: Millions Fooled by "Scam-Yourself Attacks"PR Newswire
- Gen Reports Second Quarter Fiscal Year 2025 ResultsPR Newswire
- Don't Let Scammers Steal Your Holiday Cheer: New Norton Report Reveals Nearly Half of U.S. Consumers Were Targeted by a Scam While Online ShoppingPR Newswire
- Gen Digital Inc. (NASDAQ: GEN) was upgraded by analysts at Wells Fargo & Company to a "strong-buy" rating.MarketBeat
GEN
Earnings
- 10/30/24 - Beat
GEN
Sec Filings
- 10/31/24 - Form S-8
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- GEN's page on the SEC website