TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro has launched the EdgeIPS Pro, an innovative intent-based industrial intelligent IPS array, to enhance cybersecurity in smart factories. This solution caters to the needs of industries such as automotive and semiconductor manufacturing, focusing on protecting large-scale networks from attacks while optimizing operational and capital expenditures (OPEX and CAPEX). EdgeIPS Pro utilizes TXOne's Deep Packet Inspection technology, allowing for efficient network segmentation without requiring extensive configuration changes, thus enabling centralized management and minimizing deployment costs.

On October 6, 2020, Trend Micro published a report detailing methods to counter the underground hosting market used by cybercriminals. This report highlights the business strategies employed by bulletproof hosters that support cybercrime and offers actionable insights for security teams and law enforcement to disrupt these operations. Key methods include analyzing IP ranges and autonomous system behaviors to identify underground hosters, and strategies such as submitting abuse requests and impairing their business models to increase operational costs.

Trend Micro has achieved the AWS Outposts Ready designation, recognizing its hybrid cloud security solutions as successfully integrated with AWS Outposts. This designation underscores Trend Micro's leadership in hybrid cloud security, commanding a 29.5% market share in the software-defined compute workload protection sector. The integration facilitates consistent hybrid experiences for customers, especially in sectors like government and finance, by providing robust security while adhering to data residency requirements. This accomplishment enhances Trend Micro's position as a trusted partner in cloud security.

Trend Micro's recent study highlights significant cybersecurity risks as 39% of remote workers access corporate data via personal devices. The survey, involving over 13,000 employees across 27 countries, reveals that 36% lack basic password protection on these devices. Additionally, 52% of workers have IoT devices connected to home networks, which may carry security vulnerabilities. The findings stress the importance of tailored cybersecurity training for employees and recommend employers refine security policies to mitigate risks associated with personal devices and IoT.

Trend Micro launched the Premium Security Suite, its most comprehensive protection aimed at home users, addressing concerns over identity theft. A survey indicates that 62% of Americans are worried about identity theft, with similar concerns for cyber threats on devices. The suite includes Maximum Security, Mobile Security, ID Security, WiFi Protection, and a Password Manager. In the first half of 2020, Trend Micro blocked over 27 billion threats. The suite is available now, with existing customers set to receive automatic upgrades.

Trend Micro, a leader in cloud security, has launched Worry-Free XDR, enhancing its XDR platform for small and medium businesses. This solution consolidates detection and response capabilities, addressing increased cyber threats and the need for efficient security management. With 85% of organizations struggling with threat response, Worry-Free XDR aims to simplify security for SMBs, providing automated threat detection and incident response. Additionally, a Co-Managed XDR offering for Managed Service Providers enhances customer protection and operational efficiency. This development positions Trend Micro favorably in the cybersecurity sector.

Trend Micro's recent research reveals that both on-premise and cloud-based servers are increasingly compromised by cybercriminals as part of a sophisticated monetization scheme. The report highlights that while cryptocurrency mining alone may not cause disruptions, it usually signals deeper issues like data exfiltration or ransomware attacks. With a focus on underground hosting services, it emphasizes the vulnerabilities of cloud servers and the methods used by criminals to abuse these assets. The study aims to enhance awareness among law enforcement and IT security teams to combat cybercrime effectively.

Trend Micro blocked 8.8 million COVID-19 related threats in H1 2020, mostly email-based. Cybercriminals exploited remote work gaps during the pandemic, highlighting the need for enhanced cybersecurity strategies. Business Email Compromise detections rose by 19%, while ransomware threats saw a 45% increase in new families. Trend Micro's Zero Day Initiative published 786 advisories, a 74% increase from the previous half-year, with a noted rise in vulnerabilities in industrial control systems. Their XDR solution aims to improve security monitoring in evolving environments.

Trend Micro has announced a new collaboration with Snyk to enhance security for open source software. This partnership aims to help security teams manage open source vulnerabilities seamlessly during the development process. The collaboration comes as vulnerabilities in open source software have increased 2.5 times in the past three years. The new solution will provide security operations with crucial visibility into open source risks, significantly supporting compliance with key frameworks like ISO 27001 and SOC 2.