TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro has revamped its partner program to enhance profitability for partners offering cloud services. The program includes increased discounts for deal registrations, cloud service bundle options, and support tools for partners. A focus on cloud-first strategies aims to assist organizations in securing public cloud environments amidst heightened digital transformation. Notable accolades for the channel strategy have been received, including recognition from CRN and Canalys for their commitment to channel partnerships.

Trend Micro achieved significant results in the latest MITRE Engenuity ATT&CK Evaluation, detecting 96% of attack steps from simulations mimicking the tactics of notorious APT groups Carbanak and FIN7. The Trend Micro Vision One platform excelled, registering 100% detection of attacks against Linux hosts and preventing 90% of simulations early on. This performance, noted as a second consecutive success in evaluations, highlights the platform's capability in threat detection and response, emphasizing its importance in optimizing cyber-risk reduction for organizations.

Trend Micro has launched two new FedRAMP authorized cloud security services on AWS GovCloud, enhancing support for U.S. government agencies in digital transformation and security. These services are designed for virtual, cloud, and container environments, offering automated protection and simplified deployment. The partnership with Smartronix provides comprehensive security in a FedRAMP authorized environment, addressing increased cyber risks as agencies migrate to the cloud. These solutions aim to save taxpayer dollars and improve IT efficiencies.

Fujitsu Limited collaborates with Trend Micro to enhance private 5G network security, crucial for smart factories. They will showcase the effectiveness of Trend Micro's solution in simulated environments, highlighting the urgent need for cybersecurity. The security solution integrates endpoint security within IoT SIM cards and offers real-time threat detection and device authentication. A field trial at Fujitsu's Oyama Plant will continue until September 2021, with plans to commercialize the solution based on trial outcomes.

Trend Micro has achieved a prestigious five-star rating in the 2021 CRN Partner Program Guide, reinforcing its strong channel strategy. The recognition highlights Trend Micro's commitment to providing a world-class partner program, which has been updated with new incentives focusing on cloud-first flexibility and profitability. This award follows several accolades for the company, including the designation of Louise McEvoy as a 2021 CRN Channel Chief. Trend Micro aims to support partners in enhancing revenue and digital transformation during the ongoing pandemic.

Trend Micro's recent report highlights that 61% of manufacturers faced cybersecurity incidents in their smart factories, leading to system outages for 75% of those affected. The research, conducted by Vanson Bourne with 500 IT and OT professionals from the U.S., Germany, and Japan, shows outages lasted over four days for 43% of respondents. Key security challenges include technology (78%), people (68%), and process (67%). Furthermore, Trend Micro recommends a three-step approach: Prevention, Detection, and Persistence to secure smart factories.

On March 17, 2021, Trend Micro announced the launch of Trend Micro Cloud One on the AWS Marketplace. The platform is designed to enhance security for organizations using Amazon Web Services by offering comprehensive protection across various cloud environments. It mirrors AWS's flexible pricing and self-service model, simplifying procurement and allowing for tailored security solutions as cloud applications evolve. Key stakeholders validate its seamless integration and adaptability while ensuring compliance with regulatory standards.

Trend Micro has partnered with Nuffield Health to enhance cybersecurity through its Vision One platform, ensuring faster threat detection and improved IT productivity. Nuffield Health, which operates 300 sites including hospitals and fitness centers, faces increasing cyber threats, especially from ransomware. The Trend Micro Vision One solution offers a unified approach to detect and respond to cyber risks, improving operational efficiency and allowing Nuffield's IT team to focus on critical tasks. The collaboration reflects the growing need for robust cybersecurity in healthcare.

Trend Micro has reported blocking 16.7 million high-risk email threats in 2020, a nearly 33% increase from 2019, highlighting the surge in cyberattacks during the pandemic. The Cloud App Security solution was crucial in mitigating risks from malware, phishing, and credential theft. Malware-laden emails rose by 16%, while phishing attempts grew by 19%. Despite a decline in Business Email Compromise incidents, average losses rose by 48% in Q2 2020. Trend Micro continues to enhance its security offerings with advanced AI and machine learning technologies.