Gen Digital raises annual forecast on strong cybersecurity demand

Aug 6 : Gen Digital raised full-year revenue and profit forecast on Thursday, signaling robust demand for its family of cybersecurity products in the face of growing AI-powered online threats.The digital security company has been capitalizing on a heightened threat environment, where generative AI tools are making it easier for criminals to create sophisticated phishing emails, scams and identity theft attacks.Here are a few details on the quarter:• Consumer anxiety surrounding AI-enabled fraud has become the primary catalyst for new customer acquisitions, CEO Vincent Pilette told Reuters. • Gen is seeing membership grow for its flagship Norton 360, which is its comprehensive digital safety and anti-malware suite of products, Pilette said.• Looking ahead to fiscal 2027, Pilette pointed to