TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro released new research highlighting the growing cybercrime supply chain driving ransomware attacks, particularly focusing on the increasing demand for Access-as-a-Service. The report analyzed over 900 access broker listings from January to August 2021, revealing that the education sector is the most targeted, comprising 36% of advertisements. There are three main types of access brokers: opportunistic sellers, dedicated brokers, and online shops. Prices for access vary significantly, with RDP credentials available from $10 to $100,000. Trend Micro recommends various strategies for organizations to bolster cybersecurity.

Trend Micro, a leader in cloud security, announced significant achievements in global cloud security during AWS re:Invent 2021. The company protects 6 million cloud workloads and boasts a 177% year-on-year sales growth in the AWS Marketplace. Trend Micro holds a 28% share of the global cloud workload security market. With over 20,000 customers in 114 countries, the surge in cloud investments has underscored the importance of secure cloud infrastructure. Trend Micro continues to innovate and expand its offerings, addressing the complexities of multi-cloud environments.

Trend Micro has expanded its cloud security services, now covering data centers across 9 countries. This expansion positions Trend Micro as a leader in global cloud security, meeting the growing customer demand for data residency and sovereignty compliance. The company integrates its services with major cloud platforms like Amazon Web Services, Microsoft Azure, and Google Cloud, ensuring comprehensive security solutions. All data centers comply with key regulations including PCI DSS, ISO 27001, and GDPR.

Trend Micro has revealed that 90% of IT decision makers would compromise on cybersecurity for business goals, while 82% have felt pressured to downplay cyber risks to their boards. Only 50% of IT leaders believe the C-suite fully understands cyber risks. Interestingly, 52% report inconsistent organizational attitudes towards these risks. Despite this, 31% of respondents see cybersecurity as the biggest business risk, with 66% acknowledging its high cost impact. The report suggests a need for IT and business leaders to better communicate on cybersecurity issues.

Trend Micro announced its Q3 2021 earnings, reporting a net sales increase of 11% year-over-year, amounting to ¥47.85 billion ($434 million). The company achieved a 32% rise in enterprise subscription-based annual recurring revenue (ARR), exceeding $500 million. SaaS deployments grew by 59%, reflecting heightened demand for cybersecurity solutions. Notable achievements included blocking 41 billion cyber threats and a significant 177% sales increase in AWS Marketplace. The company revised its fiscal year 2021 guidance upwards, highlighting strong performance in North America and increased customer adoption of its SaaS platform.

On Nov. 10, 2021, Trend Micro released research on the Void Balaur cyber mercenary group, which has targeted over 3,500 individuals and organizations, including human rights activists and politicians. This group has been operational since 2018, primarily advertising on Russian forums and making money by breaching email accounts and selling sensitive data. Their charges range from $20 for stolen credit history to over $800 for detailed phone records. Trend Micro advises businesses to adopt robust cybersecurity measures to defend against such threats.

DALLAS, Nov. 4, 2021 /PRNewswire/ -- Trend Micro, a global cybersecurity leader, launched a report and video on 'Project 2030,' envisioning the future of cybersecurity amidst evolving cybercrime. The report predicts that by 2030, AI will democratize cybercrime, leading to unprecedented threats, including chaos in supply chains and advanced social engineering. It highlights the risks posed by massive IoT environments and the impact of 5G connectivity. Trend Micro advocates for the industry to adapt to these challenges to ensure security for governments, businesses, and individuals.

Trend Micro, a global cybersecurity leader, has been recognized as a Leader in The Forrester New Wave™: Extended Detection and Response (XDR) Providers, Q4 2021 report. It scored highest in the current offering category among fourteen vendors evaluated. The report highlighted Trend Micro's capability to provide a comprehensive security suite, effectively closing visibility gaps for security analysts. Customers praised its roadmap transparency and superior customer support. Additionally, the Trend Micro Vision One platform connects various security data, using analytics for early threat detection.

Trend Micro Incorporated (TMICY) has revealed that organizations on average employ 29 security monitoring solutions, complicating SOC operations. Companies with over 10,000 employees average nearly 46 tools, leading to inefficiencies. Key issues include lack of integration (42%) and a shortage of skilled personnel (39%). The potential financial impact of GDPR violations stands at over $235,000 per organization. In response, 92% of organizations are considering outsourced managed services to improve incident detection and response capabilities.