Trend Micro - TMICY STOCK NEWS

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.

Trend Micro has launched the Trend Micro Cyber Academy, an initiative aimed at enhancing children’s online safety and digital literacy. This new program, part of the Internet Safety for Kids and Families initiative, offers free, video-based lessons for children aged 7–10. Initial topics include passwords and privacy, with lessons designed for quick delivery by teachers or guardians. Research indicates a surge in children's screen time and vulnerability to online threats, highlighting the need for digital literacy education. Future lessons will cover cyberbullying and media literacy, with multilingual options planned.

Trend Micro has launched its Zero Trust Risk Insights capability after testing with 3,500 enterprises. This solution forms a vital part of their cybersecurity platform, enabling organizations to assess risks related to identities, devices, and cloud applications. With continuous security posture assessments, it allows security teams to make informed decisions, thus enhancing protection against sophisticated threats. The solution addresses identity and device risks, bolstering overall security management in complex digital environments.

Trend Micro reported blocking 40.9 billion email threats and malicious content in H1 2021, marking a 47% year-on-year increase. Ransomware attacks surged, notably affecting the banking sector with a staggering 1,318% increase. In addition, business email compromise attacks rose by 4%, while cryptocurrency miners emerged as the most detected malware. The report emphasizes the necessity for comprehensive cybersecurity solutions as threats grow more sophisticated.

On September 13, 2021, Trend Micro launched Trend Micro Family, a digital tool designed to support parents in managing their children's online safety and wellness. This app addresses concerns about rising screen time during the pandemic, offering features like a Social Media Checker, Safe Browsing, and Personalized Settings to tailor digital experiences for children. The initiative stems from the company's Internet Safety for Kids & Families program, aiming to educate families on safe internet usage. The tool is available as a free download for parents and children.

Trend Micro, a global cybersecurity leader, launched Trend Micro Service One on Sept. 7, 2021, consolidating managed services to enhance enterprise threat management. This new offering includes premium support, early warning services, Managed XDR, and incident response, helping organizations detect and respond to cyber threats more effectively. A recent survey revealed over half of SOC teams feel overwhelmed by alerts, indicating a rising need for outsourced security management to mitigate risks and optimize internal resources.

Trend Micro has released a new research report aimed at assisting manufacturers, suppliers, and government bodies in managing cyber risk for connected vehicles. The report interprets the WP.29 regulation from the UN, highlighting attack vectors that pose significant threats to the connected car industry. Key vulnerabilities include back-end server attacks, denial of service via communication channels, and third-party software exploitation. The research also evaluates threat severity using the DREAD model, projecting how threats will evolve in the next 5-10 years. This report builds on previous studies regarding 5G and connected vehicle risks.

Trend Micro announced its new Channel Partner Demand Generation Program, WeDiscover, aimed at enhancing market presence in the Asia Pacific, Middle East, and Africa regions. This initiative will assist channel partners in identifying new market opportunities, accelerating sales, and differentiating services. Key program features include collaboration across business teams, support for closing deals within 180 days, comprehensive marketing tools, and a reward system through the TrendSetter program. The launch reflects a commitment to partner success and expansion in diverse markets.

Trend Micro's latest report highlights the rising security threats targeting Linux systems as organizations shift to cloud environments. In the first half of 2021, nearly 13 million malware events were recorded, with 25% being cryptocurrency miners and 20% web shells. The report reveals that most attacks exploited outdated software, with 44% targeting older versions of CentOS. The findings emphasize the importance of securing Linux-based workloads to protect against evolving cyber threats.