TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro announced strong growth for its Trend Vision One™ for Managed Service Providers platform, with over 50 strategic MSPs adopting the solution within two weeks of launch. The platform enables MSPs to provide comprehensive cybersecurity services, including attack surface management and risk assessment capabilities. Nearly 100% of customers from the private technology preview continued their service. The platform combines endpoint, email, network, identity, and cloud security capabilities with XDR and Attack Surface Risk Management (ASRM) in a multi-tenant environment, allowing MSPs to deliver enhanced security services to organizations of all sizes.

Trend Micro reported strong Q3 2024 financial results with a 6% year-over-year growth in net sales, reaching 68,124 million Yen (US $456 million). The company achieved significant improvements with a 42% increase in operating income to 14,801 million Yen (US $99 million) and a 24% operating margin. Enterprise annual recurring revenue (ARR) grew 6% to US $1.26 Billion, driven by a 21% increase in next-gen SOC ARR. The company added over 780 new customers year-to-date, reaching 10k+ total customers, with a 37% platform attach rate this quarter.

Trend Micro announced a partnership with the Paris Peace Forum to guide global leaders in establishing secure frameworks for AI adoption and implementation. The collaboration aims to ensure AI's safe and responsible integration across industries. Trend Micro will contribute to the Forum's multi-stakeholder ecosystem, advancing the dialogue on secure AI. Kevin Simzer, COO at Trend Micro, emphasized the company's role in leading AI security efforts. The partnership will focus on the upcoming AI Action Summit in February 2025, where Trend Micro will share expertise on AI threats and defenses. The Forum's role in uniting government entities, NGOs, industry leaders, and academic experts is critical in addressing the broader security implications of emerging technologies. The collaboration aims to build a global framework for responsible AI governance and digital security.

Trend Micro has announced its 2024 Customer Awards winners, recognizing organizations across various industries for their cybersecurity excellence. The awards showcase achievements in sectors including healthcare, telecommunications, education, energy, and financial services. Notable winners include Dole, Accor, and Northeast Georgia Health System, among others.

The awards are distributed across five categories: Visionary Award, Customer Innovator Award, Excellence Award, Cybersecurity Leader Award, and Ambassador Award. Winners demonstrated innovative approaches to cybersecurity, focusing on digital transformation, operational excellence, and industry leadership.

Trend Micro Incorporated (TYO: 4704; TSE: 4704) is hosting Pwn2Own Ireland, a hacking contest focused on uncovering vulnerabilities in AI-enabled devices. The event, sponsored by Meta, Synology, and QNAP, aims to improve cybersecurity for both consumer and enterprise networks. Participants will compete in seven categories, including mobile phones, messenger apps, and smart home devices.

The contest highlights the increasing importance of securing consumer devices that can serve as entry points for cybercriminals targeting enterprise networks. Cash prizes are awarded for disclosing vulnerabilities, allowing vendors to patch them and Trend to protect its customers an average of 70 days ahead of the industry. This initiative is part of Trend's commitment to addressing the challenges posed by the rapid adoption of AI tools and the expanding attack surface in today's digital landscape.

Trend Micro Incorporated (TYO: 4704; TSE: 4704) announced that its Trend Vision One™ – Sovereign and Private Cloud (SPC) has achieved Google Cloud Ready - Regulated & Sovereignty Solutions status. This achievement strengthens Trend Micro's vision for innovation and enhanced solutions delivery. The collaboration aims to accelerate market growth and create new opportunities, particularly for organizations in highly regulated industries with strict data sovereignty requirements.

The ongoing partnership between Trend Micro and Google Cloud includes:

• Google Workspace protection through Trend Micro Cloud App Security
• Mobile protection via Trend Micro Mobile Security for Android
• Availability of Trend Vision One™ on Google Cloud Marketplace since 2023

This expanded collaboration is expected to provide increased flexibility for customers across various deployment options, including cloud and on-premises solutions.

Trend Micro (TYO: 4704; TSE: 4704) has launched Trend Micro Check, an AI-powered mobile app designed to help consumers identify potential scams and deepfakes. The app offers features such as Scam Check, Deepfake Scan, SMS Filter, Call Block, and Web Guard. This initiative comes in response to a global study revealing that 73% of respondents believe online scams have worsened over the past year.

The app aims to address the $1 trillion lost by consumers worldwide to scams last year. Trend Micro has partnered with the Global Anti-Scam Alliance as their first Foundation Partner. The company will also be chairing the Cybersecurity Scam Prevention and Investigations track at upcoming Global Anti-scam Alliance Summits in Singapore and Washington D.C.

Trend Micro's 2024 Cyber Risk Report highlights critical vulnerabilities and offers new ways to prioritize risk management. The report, based on data from Trend Vision One™ platform, calculates risk scores for various asset types. Key findings include:

- Devices and accounts are the highest-risk assets
- 877,316 devices and 12,346 accounts classified as high-risk
- Americas has the highest average risk index (43.4)
- Mining sector has the highest risk score
- Pharmaceuticals patch vulnerabilities fastest

The report emphasizes the need for greater visibility into risk across attack surfaces and recommends steps to mitigate cyber risk, including optimizing security settings, investigating risky events, disabling or resetting risky accounts, and regular patching.

Trend Micro has been named a Leader in Attack Surface Management (ASM) in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024. The report highlights Trend's innovative approach to ASM, which is fully integrated with its Trend Vision One™ platform. Trend's ASM offering provides continuous monitoring, discovery, prioritization, and remediation.

Key features of Trend's ASM capabilities include:

• Real-time visibility of the entire attack surface
• Continuous risk assessments and monitoring
• Prioritized, actionable risk insights with remediation recommendations
• Security controls to anticipate and eliminate risks

Trend's ASM has seen over 170% growth in allocation over the past year, with thousands of customers adopting the capabilities. The company's roadmap for 2024-25 includes enhancements in security awareness, compliance management, cyber risk quantification, and more.