TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro, a global cybersecurity leader, revealed findings from a study indicating that 70% of IT security teams experience emotional strain due to overwhelming alert volumes. Conducted with 2,303 decision makers, the study highlighted that 51% feel overwhelmed, with 55% unsure of how to prioritize these alerts. A significant 74% are dealing with or expecting a security breach, averaging $235,000 in costs each. To combat burnout and improve productivity, Trend Micro emphasizes the need for sophisticated threat detection platforms, such as Trend Micro Vision One, which aids in alert prioritization.

Trend Micro's Zero Day Initiative (ZDI) disclosed 60.5% of vulnerabilities in a recent Omdia study, maintaining its title as the world's largest vendor-agnostic bug bounty program for the 13th consecutive year. The ZDI reported 825 vulnerabilities in 2020, significantly outpacing its nearest competitor. 77% of ZDI's disclosures were rated critical or high severity. The program encourages researchers through its Research Rewards initiative, and Trend Micro's overall cybersecurity efforts benefit organizations globally, having paid over $25 million in bounties to more than 10,000 researchers.

Trend Micro Incorporated (TYO: 4704) announced its participation in the 2021 RSA Conference from May 17-20, 2021. Attendees can visit their virtual booth for insights into protecting against evolving cybersecurity threats and attend expert-led sessions. The company emphasizes its innovative cybersecurity platform, Trend Micro Vision One, which provides comprehensive threat detection through correlated telemetry across various environments. Key sessions include topics on hybrid cloud security and vulnerability weaponization.

Trend Micro has been recognized as a leader in The Forrester Wave: Endpoint Security Software As A Service, Q2 2021. The report highlighted its Apex One offering for comprehensive endpoint security, receiving the maximum score in Threat Prevention and 14 other criteria. With the growing importance of endpoint security in defending against sophisticated threats, Trend Micro aims to provide robust solutions for large organizations. The SaaS model of Trend Micro Vision One enables agile delivery, ensuring better visibility and faster response capabilities for distributed workforces.

Trend Micro reported strong Q1 2021 results, with net sales of 44,594 million Yen (approximately $420 million), a 5% increase YoY. Annual recurring revenue from enterprise subscriptions rose by 21%, reflecting the success of their SaaS model. The company deployed 36.6 million SaaS instances, marking a 72% increase. Operating income reached 12,226 million Yen ($115 million), while net income was 8,804 million Yen ($83 million). Trend Micro anticipates full-year sales of 183,400 million Yen ($1,746 million) without revising forecasts. The firm focuses on cloud security innovation and customer-centric solutions.

On May 10, 2021, Trend Micro launched Cloud One - Open Source Security by Snyk, a SaaS solution aimed at mitigating open source vulnerabilities in application development. This first-of-its-kind service delivers continuous oversight of open source software risks, addressing a need highlighted by a 2.5x increase in vulnerabilities over the past three years. It integrates security operations and development processes, significantly reducing development time and enhancing risk management. This product is available via AWS Marketplace, reinforcing Trend Micro's commitment to cybersecurity innovation.

On May 6, 2021, Trend Micro announced its recognition as a Leader in Gartner's Magic Quadrant for Endpoint Protection Platforms, specifically for its Apex One offering. This accolade highlights the company's ability to innovate and protect against increasingly sophisticated cyber threats. The Apex One platform features comprehensive security measures, including virtual patching to safeguard customers. The announcement reinforces Trend Micro's commitment to providing cloud-first cybersecurity solutions amid growing remote work challenges.

Trend Micro has been recognized as a leader in The Forrester Wave™: Enterprise Email Security, Q2 2021 report, scoring high in both the Current Offering and Strategy categories. With 91% of threats blocked in 2020 being email-borne, the company emphasizes the importance of email security in its broader cybersecurity platform. Trend Micro's solutions, including its Vision One XDR strategy, offer comprehensive threat detection and response capabilities. The firm received top scores in 11 criteria, showcasing its innovative approach and robust support systems.

Trend Micro has significantly contributed to the establishment of MITRE's ATT&CK for Containers framework, demonstrating its expertise in cloud security. The collaboration involves providing years of threat intelligence and real-world attack data, aiding in the development of new techniques to safeguard container environments. Trend Micro's Cloud One – Container Security tool is designed to streamline security processes for container workflows, promoting innovation while minimizing downtime. This partnership showcases Trend Micro's commitment to protecting customers against evolving cyber threats.