TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro (TYO: 4704; TSE: 4704) has launched Trend Micro Check, an AI-powered mobile app designed to help consumers identify potential scams and deepfakes. The app offers features such as Scam Check, Deepfake Scan, SMS Filter, Call Block, and Web Guard. This initiative comes in response to a global study revealing that 73% of respondents believe online scams have worsened over the past year.

The app aims to address the $1 trillion lost by consumers worldwide to scams last year. Trend Micro has partnered with the Global Anti-Scam Alliance as their first Foundation Partner. The company will also be chairing the Cybersecurity Scam Prevention and Investigations track at upcoming Global Anti-scam Alliance Summits in Singapore and Washington D.C.

Trend Micro's 2024 Cyber Risk Report highlights critical vulnerabilities and offers new ways to prioritize risk management. The report, based on data from Trend Vision One™ platform, calculates risk scores for various asset types. Key findings include:

- Devices and accounts are the highest-risk assets
- 877,316 devices and 12,346 accounts classified as high-risk
- Americas has the highest average risk index (43.4)
- Mining sector has the highest risk score
- Pharmaceuticals patch vulnerabilities fastest

The report emphasizes the need for greater visibility into risk across attack surfaces and recommends steps to mitigate cyber risk, including optimizing security settings, investigating risky events, disabling or resetting risky accounts, and regular patching.

Trend Micro has been named a Leader in Attack Surface Management (ASM) in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024. The report highlights Trend's innovative approach to ASM, which is fully integrated with its Trend Vision One™ platform. Trend's ASM offering provides continuous monitoring, discovery, prioritization, and remediation.

Key features of Trend's ASM capabilities include:

• Real-time visibility of the entire attack surface
• Continuous risk assessments and monitoring
• Prioritized, actionable risk insights with remediation recommendations
• Security controls to anticipate and eliminate risks

Trend's ASM has seen over 170% growth in allocation over the past year, with thousands of customers adopting the capabilities. The company's roadmap for 2024-25 includes enhancements in security awareness, compliance management, cyber risk quantification, and more.

Trend Micro (TYO: 4704; TSE: 4704) has been positioned in the Leaders' Quadrant of the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms (EPP). This marks the 19th consecutive time since 2002 that Trend Micro has been named a Leader in this category.

The company's Trend Vision One™ – Endpoint Security solution extends traditional endpoint security capabilities by protecting physical endpoints, servers, cloud workloads, and virtual machines. It integrates with extended detection and response (XDR) for proactive security measures and offers third-party integrations.

According to Gartner, Leaders in this category demonstrate balanced progress in Ability to Execute and Completeness of Vision criteria, offering broad workspace security capabilities, deep EDR functionality, and proven management capabilities for enterprise customers.

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.