TREND MICRO INC S/ADR - TMICY STOCK NEWS

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.

Trend Micro reported a strong Q2 2022, achieving a 17% increase in net sales, totaling 54,874 million Yen (approximately $423 million). The company's enterprise annual recurring revenue (ARR) surged by 32%, exceeding $609 million, driven by growth in its cybersecurity solutions across all regions. Operating income stood at 7,542 million Yen (around $58 million), with net income attributable to owners at 6,430 million Yen (or $49 million). Despite currency fluctuations, Trend Micro is set to revise its full-year forecast while enhancing its product offerings and market diversification.

Trend Micro warns of emerging cybersecurity threats in the metaverse through a new report titled Metaverse or MetaWorse? Cyber Security Threats Against the Internet of Experiences. It identifies a 'darkverse' where criminal activities may flourish, including NFT fraud, money laundering, and social engineering. The report highlights that law enforcement will struggle to monitor these threats, leading to significant security challenges. Bill Malik emphasizes the need for proactive measures to secure the metaverse before it becomes a Wild West of cybercrime.

Trend Micro has marked its fifteenth consecutive year of expanding its Zero Day Initiative (ZDI), responsible for 64% of all vulnerabilities disclosed in 2021 as per Omdia. The ZDI disclosed 984 vulnerabilities, including 48 critical and 723 high severity cases, significantly outperforming its nearest competitor by more than three times. The year saw a 12% increase in total vulnerabilities disclosed across 11 organizations, highlighting the industry's growing proactive stance against cyber threats. As the largest vendor-agnostic bug bounty program, ZDI continues to lead in enhancing digital security.

Trend Micro has successfully attained the updated AWS Security Competency status, reinforcing its role as a leading partner in the AWS ecosystem. This designation highlights the company's commitment to providing robust security solutions tailored for cloud environments. Trend Micro Cloud One is readily available for purchase on the AWS Marketplace, enabling quick access to vital security services. The partnership with AWS aims to support global organizations migrating to the cloud, addressing security concerns while enabling innovation and growth.

Trend Micro Incorporated (TMICY) reinforces its position as a leader in cloud security, boasting a 17.7% market share, nearly three times that of its closest competitor, as per IDC. This marks the fourth consecutive year of leading cloud workload security, emphasizing customer-driven innovations. New features include a streamlined setup for improved visibility and simplified deployment for container security. The company has also expanded its AWS competencies to include Healthcare and DevSecOps, further enhancing its comprehensive cloud security platform available across major marketplaces.

Trend Micro's recent research reveals that 54% of global organizations believe their cyber risk assessments lack sophistication, leaving them vulnerable to various threats including ransomware and phishing attacks. Key findings show 28% struggle with manual attack surface mapping, while 32% face challenges with multiple tech stacks. Over 80% of respondents feel exposed to cyber threats. Additionally, a majority of decision-makers lack the ability to effectively quantify risk exposure to leadership. The study underscores the need for unified platforms to enhance visibility and risk management.