Monday, May 20

Tag: Avast

Avast CEO to step down; annual results miss expectations
News

Avast CEO to step down; annual results miss expectations

Cyber security firm Avast’s long-time chief executive officer is stepping down, the company said on Wednesday as it reported marginally lower-than-expected adjusted revenue and earnings in its first annual results since listing in May. Avast said Vince Steckler plans to retire in 2019 after 10 years in the top job and will be succeeded by Ondrej Vlcek, currently president of the company’s consumer business. Steckler, widely considered to be the architect of Avast, led the company through the major acquisition of AVG and its listing on the London Stock Exchange. He is credited with having grown the company’s revenues from under $20 million to over $800 million. He will step down on June 30 but will remain available in an advisory capacity for another year. Vlcek, who started a...
Avast: Android Devices Ship with Pre-Installed Malware “Cosiloon”
Tech

Avast: Android Devices Ship with Pre-Installed Malware “Cosiloon”

World's Major cybersecurity company Avast has reported the presence of pre-installed malware in thousands of Android devices including those from manufacturers like ZTE, Archos and myPhone globally including in India. Dubbed as "Cosiloon", is an adware that creates an overlay to display an advertisement over a webpage within the user's browser, as per a report prepared by Avast Threat Labs. In its offical statement , Avast said, Thousands of users are affected and in the past month alone, Avast Threat Labs has seen the latest version of the adware on around 18,000 devices belonging to Avast users located in more than 100 countries, including Russia, Italy, Germany, India, Mexico, the UK as well as some users in the US. The adware which was first identified by Dr Web, a Russian IT s...