TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro has unveiled a new protection deployment model named Cloud Sentry, aimed at improving security in hybrid cloud environments. This innovation allows for quick identification of threats without impacting performance or extracting customer data. By consolidating security management within a single deployment per AWS account, organizations can enhance visibility and streamline threat management. The model facilitates better collaboration between security and development teams, offering insightful risk management that empowers efficient security priorities.

Trend Micro reported a 19% increase in net sales and a 29% rise in annual recurring revenue (ARR), reaching over $637 million. Active customer subscriptions increased by 11%, totaling more than 411,000. For Q3 2022, consolidated net sales were 56,798 million Yen ($410 million), with an operating income of 7,213 million Yen ($52 million) and net income of 13,530 million Yen ($97 million). The company plans to maintain its 2022 full-year guidance, anticipating net sales of 225,900 million Yen ($1,685 million).

Trend Micro's recent survey of over 355 IT and business leaders in financial services reveals a concerning dichotomy: while 75% feel adequately protected against ransomware, 72% have suffered ransomware attacks in the past. The survey highlights significant gaps in security measures, with 40% not using network detection tools and 49% lacking extended detection and response (XDR). Moreover, 56% reported that their suppliers had been compromised by ransomware. The research emphasizes the need for improved collaboration and information sharing to bolster cybersecurity resilience.

Trend Micro Incorporated has established a U.S. Federal Excellence Committee consisting of six current governmental executives to enhance its public sector strategy. This initiative aims for a 15% increase in the company’s presence among federal agencies. The committee will leverage Trend Micro's global threat intelligence to improve security across critical infrastructure, energy, finance, and transportation sectors. The partnership is designed to enhance cybersecurity through public-private collaboration, aiming to protect the nation’s critical assets and ensure data security for all citizens.

Trend Micro's latest research warns of significant risks associated with exposed biometric data, particularly in the context of the metaverse. The report reveals that stolen biometric details can enable unauthorized access to sensitive online accounts, including banking and cryptocurrency. With increasing volumes of biometric information available online, there is a growing threat of data theft and fraud. The research emphasizes the need for heightened cybersecurity awareness and the potential for biometric impostors to challenge current authentication systems.

Trend Micro's recent research indicates that 86% of global healthcare organizations (HCOs) compromised by ransomware experienced operational outages. Over the past three years, 57% of HCOs reported such compromises, with 25% forced to halt operations and 60% seeing some process disruptions. Recovery took days for 56% and weeks for 24% of these organizations. The study highlights supply chain vulnerabilities, with 43% noting that their partners increase attack attractiveness. Despite 95% regularly updating patches, many HCOs lack essential cyber defenses and threat intelligence sharing.

Trend Micro (TMICY) reported strong growth in its collaboration with Microsoft Azure, estimating a 70% year-on-year growth opportunity in 2022. The company emphasizes enhanced capabilities in visibility and attack surface management through integration with Microsoft Sentinel. Trend Micro has 12 Azure Marketplace listings, with multiple products ready for co-sell. As a pioneer in cloud security and a long-term partner of Microsoft, the company aims to bolster security for organizations undergoing digital transformation.

Trend Micro, a global cybersecurity leader, reported blocking 63 billion threats in the first half of 2022, marking a 52% increase from the previous year. The company predicts a rise in ransomware attacks targeting Linux servers and embedded systems. Significant detections include a 500% year-on-year increase in ransomware-as-a-service attacks from groups like LockBit and Conti. Unpatched vulnerabilities and the evolving tactics of threat actors present challenges, with 43% of organizations feeling overwhelmed by security management, particularly in the context of a hybrid workplace.

Trend Micro warns that organizations may lose over $400,000 per update due to incomplete or faulty security patches. The company's Zero Day Initiative (ZDI) has revised disclosure policies to combat declining patch quality and vendor communication. Future timelines for reporting ineffective patches will be shortened to 30, 60, and 90 days, depending on severity. This change aims to minimize risks and costs associated with patch management, which can exceed six figures monthly for medium-to-large enterprises. Trend Micro advocates for better risk assessment and vendor selection.