TREND MICRO INC S/ADR - TMICY STOCK NEWS

Trend Micro Incorporated has launched a worldwide cybersecurity tour aiming to reach over 120 cities in 90 days, commencing in San Francisco on April 26, 2023. This initiative is designed to assist organizations in mitigating rising cyber risks and enhancing resilience against cyber threats. The tour coincides with the RSA Conference, featuring speaker sessions on key cybersecurity topics like biometrics and cyber insurance. Trend Micro's research indicates a disconnect between executive awareness of cybersecurity and its implication as a business risk, with only 64% of decision-makers acknowledging this connection. The tour seeks to educate IT leaders on improving risk posture and making informed decisions to bolster business resilience.

Trend Micro's new research reveals that as criminal organizations grow, they start to mimic legitimate businesses, facing challenges like management issues and internal politics. The report highlights that large organizations allocate 80% of their operating expenses to wages, a trend mirrored in smaller criminal groups (78%). Three organizational sizes are identified: small (<$500K turnover), medium (up to $50M turnover), and large (>$50M turnover), each with distinct structures. Understanding these sizes can aid law enforcement in targeting high-impact cybercrime operations. For the full report, visit Trend Micro.

Trend Micro announced record payouts at its Pwn2Own competition held in Vancouver. A total of $1,035,000 was awarded, alongside a Tesla Model 3, as participants uncovered 27 zero-day vulnerabilities. The team Synacktiv emerged as the overall winner, earning $530,000 and notable accolades for their exploits against Tesla. Other participants also achieved significant results, including $100,000 for STAR Labs and $75,000 for Team Viettel. The event, now in its 16th year, highlighted critical advancements in cybersecurity amidst increasing digital threats.

Trend Micro's study reveals a paradox in organizational views on cybersecurity. While 64% of business decision-makers plan to boost cybersecurity budgets in 2023, nearly half still view it as merely a cost, limiting its perceived value to threat prevention. Alarmingly, 81% acknowledge that insufficient cybersecurity credentials hinder their ability to secure new business, and 71% report inquiries about security posture have increased in negotiations. Furthermore, a significant 83% indicate current security policies negatively affect remote work capabilities. This research underscores the urgent need for a shift in perspective to recognize cybersecurity as a key enabler of business success.

Trend Micro reported a significant 55% increase in overall threat detections in 2022, along with a staggering 242% surge in blocked malicious files. The rise in threats targeted various sectors, highlighting a growing need for improved cybersecurity measures. A notable trend included an 86% increase in backdoor malware detections, reflecting threat actors' persistence. Additionally, the company recorded a record number of 1,706 Zero Day Initiative advisories in 2022. Trend Micro advocates for a platform-based approach to cybersecurity management, emphasizing the importance of asset management, cloud security, and continuous software updates to counteract an expanding attack surface.

Trend Micro has released a report revealing that only 10% of ransomware victims pay their attackers, yet these payments contribute to further attacks on numerous organizations. The report aims to aid IT leaders and policymakers by providing insights into ransomware risks, emphasizing the need for data-driven strategies. Key findings include that paying ransom increases overall incident costs and varies by sector and region. The research highlights that significantly reducing the percentage of victims paying ransoms could lower ransomware profitability.