Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

GEN DIGITAL INC.

(GEN)
  Report
Delayed Nasdaq  -  04:00:00 2023-06-09 pm EDT
17.82 USD   +0.22%
05/22Insider Buy: Gen Digital
MT
05/19Evercore ISI Group Initiates Gen Digital at Outperform With $27 Price Target
MT
05/19GEN DIGITAL INC. : Ex-dividend day for
FA
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Symantec : Alarming Increase in Targeted Attacks Aimed at Politically Motivated Sabotage and Subversion

04/26/2017 | 12:02am EDT

Annual Threat Report from Symantec Details How Simple Tactics Led to Unprecedented Outcomes

  • One in 131 Emails Contained a Malicious Link or Attachment – Highest Rate in Five Years
  • Size of Ransoms Spiked 266 Percent; U.S. Top Targeted Country as 64 Percent of Americans Pay Their Ransom
  • CIOs Have Lost Track of How Many Cloud Apps are Used Inside Their Companies – When Asked Most Will Say up to 40 When in Reality the Number Nears 1,000

Cyber criminals revealed new levels of ambition in 2016 – a year marked by extraordinary attacks, including multi-million dollar virtual bank heists and overt attempts to disrupt the U.S. electoral process by state-sponsored groups, according to Symantec’s (Nasdaq: SYMC) Internet Security Threat Report (ISTR), Volume 22, released today.

“New sophistication and innovation are the nature of the threat landscape, but this year Symantec has identified seismic shifts in motivation and focus,” said Kevin Haley, director, Symantec Security Response. “The world saw specific nation states double down on political manipulation and straight sabotage. Meanwhile, cyber criminals caused unprecedented levels of disruption by focusing their exploits on relatively simple IT tools and cloud services.”

Symantec’s ISTR provides a comprehensive view of the threat landscape, including insights into global threat activity, cyber criminal trends and motivations for attackers. Key highlights include:

Subversion and Sabotage Attacks Emerge at the Forefront

Cyber criminals are executing politically devastating attacks in a move to undermine a new class of targets. Cyber attacks against the U.S. Democratic Party and the subsequent leak of stolen information reflect a trend toward criminals employing highly-publicized, overt campaigns designed to destabilize and disrupt targeted organizations and countries. While cyber attacks involving sabotage have traditionally been quite rare, the perceived success of several campaigns – including the U.S. election and Shamoon – point to a growing trend to criminals attempting to influence politics and sow discord in other countries.

Nation States Chase the Big Scores

A new breed of attackers revealed major financial ambitions, which may be an exercise to help fund other covert and subversive activities. Today, the largest heists are carried out virtually, with billions of dollars stolen by cyber criminals. While some of these attacks are the work of organized criminal gangs, for the first time nation states appear to be involved as well. Symantec uncovered evidence linking North Korea to attacks on banks in Bangladesh, Vietnam, Ecuador and Poland.

“This was an incredibly audacious hack as well as the first time we observed strong indications of nation state involvement in financial cyber crime,” said Kevin Haley, director, Symantec Security Response. “While their sights were set even higher, the attackers stole at least US$94 million.”

Attackers Weaponize Commonly Used Software; Email Becomes the Weapon of Choice

In 2016, Symantec saw cyber criminals use PowerShell, a common scripting language installed on PCs, and Microsoft Office files as weapons. While system administrators may use these common IT tools for daily management tasks, cyber criminals increasingly used this combination for their campaigns as it leaves a lighter footprint and offers the ability to hide in plain sight. Due to the widespread use of PowerShell by attackers, 95 percent of PowerShell files seen by Symantec in the wild were malicious.

The use of email as an infection point also rose, becoming a weapon of choice for cyber criminals and a dangerous threat to users. Symantec found one in 131 emails contained a malicious link or attachment – the highest rate in five years. Further, Business Email Compromise (BEC) scams, which rely on little more than carefully composed spear-phishing emails – scammed more than three billion dollars from businesses over the last three years, targeting over 400 businesses every day.

Caving in to Digital Extortion: Americans Most Likely to Pay Ransom Demands

Ransomware continued to escalate as a global problem and a lucrative business for criminals. Symantec identified over 100 new malware families released into the wild, more than triple the amount seen previously, and a 36 percent increase in ransomware attacks worldwide.

However, the United States is firmly in the crosshairs of attackers as the number-one targeted country. Symantec found 64 percent of American ransomware victims are willing to pay a ransom, compared to 34 percent globally. Unfortunately, this has consequences. In 2016, the average ransom spiked 266 percent with criminals demanding an average of $1,077 per victim up from $294 as reported for the previous year.

Cracks in the Cloud: The Next Frontier for Cyber Crime is Upon Us

A growing reliance on cloud services has left organizations open to attacks. Tens of thousands of cloud databases from a single provider were hijacked and held for ransom in 2016 after users left outdated databases open on the internet without authentication turned on.

Cloud security continues to challenge CIOs. According to Symantec data, CIOs have lost track of how many cloud apps are used inside their organizations. When asked, most assume their organizations use up to 40 cloud apps when in reality the number nears 1,000. This disparity can lead to a lack of policies and procedures for how employees access cloud services, which in turn makes cloud apps riskier. These cracks found in the cloud are taking shape. Symantec predicts that unless CIOs get a firmer grip on the cloud apps used inside their organizations, they will see a shift in how threats enter their environment.

About the Internet Security Threat Report

The Internet Security Threat Report provides an overview and analysis of the year in global threat activity. The report is based on data from Symantec’s Global Intelligence Network, which Symantec analysts use to identify, analyze and provide commentary on emerging trends in attacks, malicious code activity, phishing and spam.

Symantec will host a webinar on this year’s ISTR results on May 16 at 10 a.m. Pacific / 1 p.m. Eastern. For more information or to register, please go here. Please visit Symantec’s website to download the full report plus supplemental assets.

About Symantec

Symantec Corporation (NASDAQ: SYMC), the world’s leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. Likewise, a global community of more than 50 million people and families rely on Symantec’s Norton and LifeLock product suites to protect their digital lives at home and across their devices. Symantec operates one of the world’s largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats. For additional information, please visit www.symantec.com or connect with us on Facebook, Twitter, and LinkedIn.

NOTE TO U.S. EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec, the Symantec logo and the Checkmark logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.


ę Business Wire 2017
All news about GEN DIGITAL INC.
05/22Insider Buy: Gen Digital
MT
05/19Evercore ISI Group Initiates Gen Digital at Outperform With $27 Price Target
MT
05/19GEN DIGITAL INC. : Ex-dividend day for
FA
05/12Weakening Consumer Sentiment Hits Equities
MT
05/12Declining Consumer Sentiment Weighs on Equities
MT
05/12Morningstar Upgrades Gen Digital to Buy From Hold, Cuts Price Target to $21 From $24
MT
05/12Gen Digital Shares Fall After it Posts Flat Fiscal Q4 Non-GAAP Earnings
MT
05/12Morgan Stanley Adjusts Price Target on Gen Digital to $23 From $25, Maintains Equal-Wei..
MT
05/12Barclays Adjusts Price Target on Gen Digital to $22 From $24, Maintains Overweight Rati..
MT
05/12RBC Cuts Price Target on Gen Digital to $21 From $26, Maintains Sector Perform Rating
MT
More news
Analyst Recommendations on GEN DIGITAL INC.
More recommendations
Financials (USD)
Sales 2024 3 861 M - -
Net income 2024 923 M - -
Net Debt 2024 8 770 M - -
P/E ratio 2024 12,4x
Yield 2024 2,81%
Capitalization 11 419 M 11 419 M -
EV / Sales 2024 5,23x
EV / Sales 2025 4,82x
Nbr of Employees 3 700
Free-Float 95,2%
Chart GEN DIGITAL INC.
Duration : Period :
Gen Digital Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GEN DIGITAL INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 17,82 $
Average target price 23,17 $
Spread / Average Target 30,0%
EPS Revisions
Managers and Directors
Vincent Pilette Chief Executive Officer & Director
Ondrej Vlcek President & Director
Natalie M. Derse Chief Financial Officer & Executive Vice President
Frank Emmanuel Dangeard Chairman
Sameer Khera Head-Information Technology
Sector and Competitors
Stock markets for all
100% Free Registration
fermer