TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro's recent research indicates that 50% of US organizations are ineffective against phishing and ransomware threats. The study, conducted by Osterman Research, surveyed 130 cybersecurity professionals from mid-sized and large firms. Key findings include that 72% find it hard to prevent attacks via home networks and only 37% effectively follow best practices. Moreover, 84% of respondents faced at least one security incident, highlighting the urgent need for multi-layered defense strategies. The report outlines essential practices like improved authentication and proactive incident response planning.

Trend Micro has been recognized as a "Champion" in the Canalys Global Cybersecurity Leadership Matrix for the second consecutive year, achieving a 79% vendor benchmark rating. The company noted significant improvements in its channel program post-refresh, with enhanced support for cloud migration and hybrid security. Key metrics include 28% year-over-year growth in managed service providers and a 9% increase in new logo customers. Additionally, its partner portal experienced a 143% growth in unique logins in 2020.

Trend Micro has issued a report warning about increasing ransomware threats targeting Industrial Control Systems (ICS), which are essential for the operation of utility plants and factories. The report highlights that ransomware variants like Ryuk and Nefilim accounted for over half of ICS infections in 2020. With ransomware attacks now regarded as a severe threat, the company stresses the need for improved cooperation between IT and OT security teams. Key recommendations include prompt patching and enhanced security measures.

Trend Micro and GSMA Intelligence revealed a significant gap in security capabilities among mobile operators, particularly in the 5G era. The study found that 68% of operators currently sell private wireless networks, with 77% planning to include security in these solutions. However, 48% struggle with inadequate tools to identify vulnerabilities. Additionally, 41% face challenges with network virtualization security. The report underscores the need for operators to partner with security experts to effectively address emerging cybersecurity threats.

Trend Micro announced that its hybrid cloud security services, as per a Forrester study, can save companies between 2,100 and 6,200 hours annually on security administration. Customers benefit from a reduced cost of threat detection by 19% to 27%, and added developer value ranging from 8% to 16%. Over three years, the projected ROI for Trend Micro Cloud One is between 12% and 188%, with a net present value of $73K to $1.1 million. The total projected benefits amount to $664K to $1.7 million.

Trend Micro announced that its XDR solution, Trend Micro Vision One, significantly enhances security and reduces costs for organizations. A recent report indicates that companies implementing this solution can achieve cost savings of up to 63% and 79% using Managed XDR services. The findings highlight improved security effectiveness, reduced complexity leading to over 25% fewer human errors, and a near 50% reduction in overall product expenditures. The report emphasizes the increasing challenges in threat detection and the importance of comprehensive security solutions in mitigating risks.

Trend Micro, a global cybersecurity leader, announced enhancements to its Zero Trust security solutions, emphasizing comprehensive visibility into identity and device security health. This approach addresses current cybersecurity challenges posed by remote work and diverse access points to corporate resources. By leveraging its broad XDR capabilities, Trend Micro aims to provide automated access controls and continuous security posture assessments to aid businesses in safeguarding critical data. The company's insights are designed to help organizations understand and manage their security risks effectively.

Trend Micro released a case study detailing the Nefilim ransomware group, highlighting its advanced, stealthy operations targeting organizations with over $1 billion in revenue. The report outlines Nefilim's double extortion tactics, revealing that they extorted the highest median revenue from global companies. The study indicates that Nefilim published 2TB of stolen data and emphasizes the challenges modern SOC teams face in detection and response due to these sophisticated attacks. Trend Micro Vision One is proposed as a solution for enhanced threat detection across various layers.

Trend Micro has published a report revealing threats to 4G/5G campus networks, emphasizing vulnerabilities in critical operational technology environments. The study outlines various attack scenarios targeting core network services, VMs, and network infrastructure, highlighting the risks posed by outdated security measures. Recommendations include using VPNs, application-layer encryption, and prompt patching to mitigate risks. Security evangelist Yohei Ishihara pointed out the dilemma manufacturers face between maintaining uptime and addressing vulnerabilities, stressing the importance of implementing security during the design phase.