TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro blocked over 33.6 million cloud email threats in 2021, marking a 101% increase from the previous year, highlighting email's status as a key entry point for cyber attacks. Key findings include:

• 16.5 million phishing attacks blocked, up 138%.
• 6.3 million credential phishing attacks detected, a 15% increase.
• 3.3 million malicious files, including a surge in both known and unknown malware.

Trend Micro has released a study highlighting that improved security and privacy capabilities are key motivators for organizations pursuing private 5G wireless networks. The study, conducted by 451 Research, surveyed 400 decision-makers across the US, Germany, the UK, and Spain. Major concerns include data exposure and vulnerabilities, with 31% citing data privacy risks. Additionally, organizations indicate the need for expert security partnerships, with 58% planning risk assessments with partners. The findings underscore the growing demand for robust security in private 5G deployments.

Trend Micro has launched VicOne, a dedicated cybersecurity solution for connected and electric vehicles. This initiative responds to the growing need for enhanced security as over 400 million connected cars are projected to be on the roads by 2025. The new solution integrates with Microsoft Azure IoT services for comprehensive threat detection and response, aligning with UN regulations on vehicle cybersecurity. Trend Micro's partnership with MIH Consortium and participation in the SOAFEE initiative further strengthens its role in automotive cybersecurity, ensuring robust protection across the industry's evolving landscape.

Trend Micro's latest global study reveals significant concerns among organizations regarding their expanding digital attack surface, impacting risk management efforts. The survey, conducted with 6,297 IT and business decision-makers across 29 countries, found that 73% worry about their evolving attack surface.

Visibility issues were highlighted, with 62% admitting to blind spots in security measures. Furthermore, over half of the organizations feel their risk exposure assessment methods need improvement, suggesting a pressing need for unified approaches to enhance security management.

Trend Micro has released new research indicating that 89% of firms in the electricity, oil and gas, and manufacturing sectors faced cyber-attacks affecting production in the last 12 months. The average financial damage from these disruptions is around $2.8 million, with the oil and gas sector hit hardest. Notably, 72% of respondents experienced cyber disruptions at least six times a year. Despite efforts to enhance cybersecurity, many organizations lack adequate resources. This highlights the urgent need for effective cybersecurity strategies in increasingly digital industrial environments.

Trend Micro has established a dedicated US Federal Business unit to enhance cybersecurity services for federal organizations. Located in the DC corridor, this unit focuses on securing digital transformation, zero trust implementation, and cloud migrations specifically for federal requirements. The initiative is part of Trend Micro's commitment to safeguarding sensitive data against increasing cyber threats, including ransomware attacks. The business unit is staffed by a team of experts with extensive government cybersecurity experience, further strengthening Trend Micro's position as a key security partner for federal agencies.

Trend Micro hosted the Pwn2Own hacking competition on May 24, 2022, awarding $1,155,000 to researchers for disclosing 25 zero-day vulnerabilities. This event emphasizes the importance of cybersecurity by enabling researchers to identify vulnerabilities in critical software used by over 1 billion end users. Key partners included Microsoft, Tesla, and Zoom. The initiative aims to improve the security landscape, especially in areas like remote work and automotive software. Trend Micro's Zero Day Initiative collaborates with software vendors to enhance security measures for businesses and individuals.

Trend Micro reported a 13% net sales growth year-over-year for Q1 2022, totaling 50,427 million Yen (approximately $433 million). The company's annual recurring revenue (ARR) from enterprise subscriptions rose by 34%, exceeding $570 million. The total number of subscription-based customers increased to over 393,000. Despite strong performance, Trend Micro issued a caution regarding potential risks, including evolving cyber threats and market competition.

Trend Micro has launched Trend Micro One, a unified cybersecurity platform designed to enhance visibility and control over cyber risks. The platform boasts a growing ecosystem of partners like Google Cloud, Microsoft, and Palo Alto Networks, enabling enterprises to better understand and mitigate threats. The platform focuses on continuous risk assessment, attack surface discovery, and comprehensive threat response. Notably, it aims to combat increasing challenges from cybercriminals, supporting organizations in protecting their digital environments effectively.