Trend Micro - TMICY STOCK NEWS

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.

Trend Micro reported detecting 119,000 cyber threats per minute in 2020, amidst a surge in cyberattacks targeting home networks. Attacks on homes increased by 210%, totaling nearly 2.9 billion, with 73% involving brute-force login attempts. Email threats constituted 91% of the 62.6 billion threats blocked, with almost 14 million phishing URLs detected. Notably, the rise of new ransomware families by 34% and the increase in published vulnerabilities by 40% highlight the evolving cyber threat landscape.

Trend Micro has been recognized in the 2021 CRN Security 100 list, showcasing its leadership in cybersecurity. The list honors top channel-focused security vendors across five categories, including Endpoint Security and Network Security. Trend Micro's collaboration with channel partners aims to enhance detection and response to cyber threats through platforms like Cloud One and Vision One. This acknowledgment emphasizes Trend Micro's commitment to innovation and partner benefits, affirming its position as a key player in delivering advanced cybersecurity solutions.

Trend Micro reported solid earnings for Q4 fiscal 2020, with net sales increasing by 7% year-over-year at constant currency, totaling 47,031 million Yen (US $450 million). The company achieved an operating income of 11,929 million Yen (US $114 million) and a net income of 7,923 million Yen (US $75 million). SaaS deployment surged by 66% year-over-year, reaching 32.3 million instances. Trend Micro expects consolidated net sales of 183,400 million Yen (US $1,746 million) for FY 2021.

Trend Micro has released a significant study highlighting cybersecurity risks in connected cars. Evaluating 29 real-world attack scenarios, the report identifies various threats, including DDoS attacks on Intelligent Transportation Systems. Over 17% of attack vectors are categorized as high risk, requiring minimal expertise from attackers. While the overall risk of cyber attacks is assessed as medium, the evolution of threats due to SaaS applications in vehicle architecture poses further risks. The report emphasizes the need for comprehensive security measures across the connected car ecosystem.

Trend Micro has launched the What's Your Story? 2021 video competition as part of its Internet Safety for Kids and Families program. The contest invites students from Canada and the U.S. to create videos answering how the internet helped them during the pandemic. Entries are accepted until April 20, 2021. Winners will receive a total of $20,000 in prizes, with individual student entries eligible for up to $10,000. Finalists will be announced on May 4, 2021, and winners on May 18, 2021. Judges include representatives from various organizations focused on internet safety.