TREND MICRO INC S/ADR - TMICY STOCK NEWS

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attack scenarios targeting core network services, VMs, and network infrastructure, highlighting the risks posed by outdated security measures.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.

Trend Micro announced the winners of its 2021 global video competition, What's Your Story?, aimed at students reflecting on how the internet supported them during the past year. The competition featured submissions from the U.S. and Canada, with judges from notable organizations. The grand prize for individuals went to Guohang Zhang for his video Internet: 2020 - Official Trailer. The U.S. school category winner was Britton Platt for Locked In, while Tiwi Lanre-Adisa won for Canada with I Have the Internet.

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.