Trend Micro - TMICY STOCK NEWS

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.

Trend Micro's latest Cyber Risk Index (CRI) reveals a global risk level of -0.04 for the second half of 2021, indicating elevated cyber threats. A staggering 76% of organizations believe they will face successful cyber attacks in the next year, with concerns particularly high in North America. The report highlights that 84% of respondents experienced a successful attack in the past year, with ransomware, phishing, and denial of service being the top threats. Organizations are urged to enhance their cybersecurity strategies, particularly focusing on cloud computing and remote work risks.

Trend Micro has been recognized as a Leader in Endpoint Detection and Response (EDR) by Forrester, highlighting its commitment to innovation and customer security. This designation positions Trend Micro among only three vendors acknowledged as leaders in this category. The report noted that the company received 5/5 scores in nine evaluation criteria, underscoring its strengths in investigation capabilities and extended capabilities. This recognition follows several other accolades, reinforcing Trend Micro's dedication to addressing evolving security needs.

Trend Micro's latest report warns of a rising threat from malicious cryptocurrency mining targeting cloud systems. The report, titled A Floating Battleground Navigating the Landscape of Cloud-Based Cryptocurrency Mining, reveals a fierce competition for cloud CPU resources among threat actors, with the potential of cost increases up to 600% for affected organizations. The report identifies several key groups, including Outlaw and TeamTNT, and suggests measures like updating systems and deploying firewalls to combat these threats.

On March 17, 2022, Trend Micro, a global cybersecurity leader, reported a significant rise in digital threats, with threat detections increasing by 42% year-on-year, surpassing 94 billion in 2021. Ransomware tactics are evolving, focusing on critical industries for higher payouts, while new actors enter the field via ransomware-as-a-service. Cloud security is at risk, as misconfigurations and human error expose vulnerabilities, with 25.7 million email threats blocked in 2021. Despite a drop in business email compromise detections, advanced threats are on the rise, underscoring the critical need for ongoing monitoring and patching of vulnerabilities.

Trend Micro reported record-setting results for Q4 and fiscal year 2021, achieving annual net sales of 208,900 million Yen (US $1,899 million). The company experienced a 9% YoY growth in net sales and a 14% increase in subscription-based customers, totaling over 381,000. SaaS-protected deployed instances grew by 49%, surpassing 50 million, while enterprise subscription-based ARR increased by 30%, exceeding $550 million. Trend Micro's digital transformation and unified cybersecurity platform have driven this success, with expectations set for continued strong performance in 2022.

Trend Micro, a leader in cybersecurity, has highlighted its role in discovering a critical vulnerability in Samba, given a CVSS score of 9.9, indicating severe risks for organizations. This flaw could allow remote code execution as root if exploited. Fortunately, no in-the-wild attacks have been reported yet. The discovery occurred during the company's Pwn2Own event, enabling collaboration with developers for a responsible patch. Trend Micro urges organizations to urgently update their Samba versions to mitigate potential risks.

Trend Micro's recent study indicates a critical gap in IT/C-suite engagement, with over 90% of decision-makers worried about ransomware threats. Only 57% of IT teams engage the C-suite weekly on cybersecurity, leading to potential risks. While 42% of organizations prioritize spending on cyber-attacks, this may be a reactive approach rather than a strategic one. Nearly half (49%) have increased investments to counter ransomware, but less than 46% fully understand 'cyber risk' management. Most respondents advocate for greater accountability across the organization, particularly suggesting CEO responsibility.

On January 24, 2022, Trend Micro reported that its Smart Protection Network blocked over 94.2 billion cyber-threats in 2021, marking a 42% increase from the previous year. The surge was particularly noted in the latter half of the year, with an additional 53 billion threats. Despite the increase in detected threats, the company successfully blocked 66% fewer ransomware attacks, indicating a shift toward more targeted threats. Trend Micro anticipates rising challenges in 2022 for IoT systems and supply chains, urging enhanced security measures.