| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | NLOK US |
| ISIN code | US6687711084 |
| Industry group | Software & Services |
| Aligned with SDGs |
NortonLifeLock provides cyber safety solutions for consumers worldwide. The company's systems software products are distributed in three categories: security, identity and privacy. Products include applications for anti-malware protection, smart firewall, anti-spam and phishing, VPN security, identity theft protection, backups and remediation. The company was formerly known as Symantec Corporation, but the information management business was sold in 2016 and the enterprise security software division in 2019. Subsequently in 2019, the company adopted the NortonLifeLock name and the headquarters moved to Mountain View, California.
Investment rationale
The world is becoming increasingly digital, with more and more activities taking place on the internet, such as working from home, healthcare consultancy, online shopping and virtual meetings. This increase of online activity in combination with the enormous growth of the Internet-of-Things (IoT sprawl), leads to a higher risk of consumers falling victim to cyber crime. Threats include unauthorized access to personal accounts, identity theft, cyber extortion or online harassment.
NortonLifeLock provides cybersecurity software to protect consumers from cyber criminals, thereby defending the human right to privacy. Norton is a trusted brand and received several awards for its endpoint security and other products. Through its security software the company helps customers to detect, respond to and prevent security threats.