TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro has maintained its #1 ranking in the worldwide cloud-native application protection platform (CNAPP) market share, according to IDC's 2023 report. The company recorded global CNAPP revenue of $457.9 million in 2023, marking an 11.3% year-over-year increase. The worldwide CNAPP market grew 31.5% in 2023, reaching a total valuation of $3.5 billion.

Trend Micro's market leadership is driven by its Trend Vision One™ platform, which offers enhanced cloud risk management, agentless detection, and real-time monitoring. The company has also developed new data security posture management (DSPM) and cloud infrastructure entitlement management (CIEM) tools to address the growing focus on identity-based security.

Trend Micro's research reveals significant cybersecurity gaps in global organizations. Only 36% of companies have sufficient staffing for 24/7 cybersecurity coverage, while just 35% use attack surface management techniques to measure risk. The study, which polled 2,600 IT leaders, highlights a lack of leadership and accountability in cybersecurity efforts. 48% of respondents claimed their leadership doesn't consider cybersecurity their responsibility, and 54% reported inconsistent attitudes towards cyber risk within their organizations.

The research also found that 96% of surveyed companies have concerns about their attack surface, with 36% worried about assessing and mitigating high-risk areas. Bharat Mistry, Technical Director at Trend, emphasizes the need for clear leadership and communication in terms of business risk to enhance cyber-resilience.

Trend Micro (TMICY) reported strong Q2 2024 earnings with 13% year-over-year net sales growth and a 42% increase in operating income. Key highlights include:

- Enterprise platform-connected annual recurring revenue (ARR) grew 45%, contributing to total company ARR of over $1.65 billion
- Enterprise net sales increased 16% YoY
- Protected enterprise assets grew 13% to over 82 million
- Operating margin reached 18%

The company maintained its full-year 2024 guidance, expecting consolidated net sales of 271 billion yen ($1.84 billion) and operating income of 52.9 billion yen ($359 million). Trend Micro continues to innovate, launching new AI-driven cybersecurity capabilities and achieving recognition in vulnerability discovery and attack visibility.

Trend Micro has launched new AI initiatives to shape enterprise and government AI implementation. The company's Vision One™ Sovereign Private Cloud, powered by NVIDIA NIM microservices, aims to maximize AI potential while maintaining business resilience. Trend is collaborating with NVIDIA to develop strategies for securing generative AI and enabling long-term business transformations.

Key features include:

• AI for Security: Trend Vision One Companion, an AI assistant using NVIDIA NIM, provides proactive threat detection and sensitive data protection.
• Security for AI: Integration with NVIDIA NIM allows organizations to use AI without compromising data sovereignty.
• Trend's technology is certified to meet compliance requirements in 175+ countries, supporting various environments including cloud, SaaS, on-premises, and AI data centers.

This initiative addresses concerns about reducing risk during AI adoption while enabling secure innovation and business resilience.

Trend Micro Incorporated (TYO: 4704; TSE: 4704) is expanding its focus on securing enterprise AI use through new partnerships and industry cooperation. The company has announced a partnership with GMI Cloud, an AI-native GPU cloud provider, to enhance security measures for AI implementations and protect sensitive data in high-performance computing environments. Trend Micro has also joined the Coalition for Secure AI (COSAI) alongside major tech companies to improve AI security.

As part of this initiative, Trend Micro is integrating its Vision One™ platform with GMI Cloud's Cluster Engine interface to provide proactive threat detection and response. The company is also leading the development of a framework within COSAI to help cyber defenders prepare for the changing cybersecurity landscape influenced by AI advancements.

Trend Micro CEO Eva Chen will deliver a keynote at Black Hat USA's AI Summit, addressing the need for a rebalance between security and business continuity. Chen's speech comes in the wake of the CrowdStrike outage, emphasizing that cybersecurity should not impede business progress. She will share insights from enterprise customers, highlighting factors that led to the global outage.

Key points include:

• Unifying business goals with cybersecurity
• Protecting and enabling the workforce
• Safeguarding business intelligence for innovation and productivity

Chen advocates for realigning security goals to support business continuity and calls for more creative approaches in the industry. The keynote will address the impact of AI integration on IT and business operations, stressing the importance of advancing security and business continuity in tandem.

Trend Micro (TYO: 4704; TSE: 4704) has announced significant growth for its Trend Vision One™ cybersecurity platform, now serving over 10,000 enterprise customers globally. The company has extended its platform to cater to small- and mid-sized enterprises (SMEs), addressing the critical need for cyber risk management in this sector. The AI-powered platform offers comprehensive risk management capabilities, including asset profile management, attack path prediction, and custom remediation guidance.

Trend Micro has also introduced new tools designed for Managed Service Providers (MSPs), enabling them to efficiently deliver enterprise-grade cyber risk management to SMEs. This expansion aims to bridge the cybersecurity talent shortage and support vendor consolidation. The platform's multi-tenant capabilities allow MSPs to offer continuous cyber risk management, leveraging broad security features for endpoint, email, network, identity, and cloud, along with XDR and Attack Surface Risk Management (ASRM) modules.

Trend Micro, a global cybersecurity leader (TYO: 4704; TSE: 4704), has announced new innovations to protect against AI-based attacks and fraud. The company is launching solutions for both enterprise and consumer markets as part of its mission to secure the AI journey. Key highlights include:

1. Deepfake detection technology in the Trend Vision One™ platform and Trend Micro Deepfake Inspector for consumers.
2. Advanced methods to spot AI-generated content, including behavioral analysis.
3. New features in Trend Vision One to manage GenAI access, prevent data leaks, and defend against LLM attacks.
4. Free Trend Micro Deepfake Inspector for real-time analysis during video calls.

These innovations address the growing threat of AI-based tools in cybercrime, which are becoming cheaper and more accessible. Trend's research shows a significant increase in AI-based criminal tools and a rise in deepfake-related scams.

Trend Micro, a global cybersecurity leader, announced its dominance in the vulnerability disclosure market, uncovering 60% of global vulnerabilities in 2023, as reported by Omdia. The company's Zero Day Initiative (ZDI) disclosed over 2.5 times more vulnerabilities than its nearest competitor. This proactive approach has enabled Trend Micro to protect its customers faster and more effectively, integrating this vulnerability knowledge into its Trend Vision One platform. In 2023, 10% of disclosed threats were deemed critical, 69% high severity, 21% medium, and less than 1% low. The financial impact of unpatched vulnerabilities has reached an average of $4.45 million per breach, emphasizing the importance of Trend Micro's initiatives in reducing cyber risks and associated costs.