TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro Incorporated (TYO: 4704; TSE: 4704) is hosting Pwn2Own Ireland, a hacking contest focused on uncovering vulnerabilities in AI-enabled devices. The event, sponsored by Meta, Synology, and QNAP, aims to improve cybersecurity for both consumer and enterprise networks. Participants will compete in seven categories, including mobile phones, messenger apps, and smart home devices.

The contest highlights the increasing importance of securing consumer devices that can serve as entry points for cybercriminals targeting enterprise networks. Cash prizes are awarded for disclosing vulnerabilities, allowing vendors to patch them and Trend to protect its customers an average of 70 days ahead of the industry. This initiative is part of Trend's commitment to addressing the challenges posed by the rapid adoption of AI tools and the expanding attack surface in today's digital landscape.

Trend Micro Incorporated (TYO: 4704; TSE: 4704) announced that its Trend Vision One™ – Sovereign and Private Cloud (SPC) has achieved Google Cloud Ready - Regulated & Sovereignty Solutions status. This achievement strengthens Trend Micro's vision for innovation and enhanced solutions delivery. The collaboration aims to accelerate market growth and create new opportunities, particularly for organizations in highly regulated industries with strict data sovereignty requirements.

The ongoing partnership between Trend Micro and Google Cloud includes:

• Google Workspace protection through Trend Micro Cloud App Security
• Mobile protection via Trend Micro Mobile Security for Android
• Availability of Trend Vision One™ on Google Cloud Marketplace since 2023

This expanded collaboration is expected to provide increased flexibility for customers across various deployment options, including cloud and on-premises solutions.

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.