Trend Micro Stock Price, News & Analysis

Trend Micro has launched CTOne, a new subsidiary dedicated to enhancing 5G network security. With a focus on innovative cybersecurity solutions, CTOne aims to address emerging threats in private 5G environments. The global private 5G market was valued at USD 1.38 billion in 2021, expected to grow at a CAGR of 49%. The company highlights the importance of pre-deploying security measures to build resilience against cyberattacks. CTOne plans to develop solutions for O-RAN and edge computing to further mitigate cyber risks.

Trend Micro published a report warning about potential shifts in the ransomware industry, suggesting that cybercriminals may partner with organized crime or hostile governments. The report emphasizes the evolution of ransomware attacks and proposes scenarios for future threats. Key recommendations for security teams include hardening corporate systems, migrating to cloud services, and enhancing detection and response efforts. The report underlines the impact of economic and geopolitical factors on cybercrime, encouraging proactive measures from defenders and regulators.

Trend Micro predicts an increase in cyber threats for 2023, with a focus on vulnerabilities within home offices, software supply chains, and cloud infrastructures. The report highlights the risk of unpatched VPNs and home devices, along with anticipated trends like supply chain attacks from managed service providers and 'living off the cloud' techniques. Recommendations include adopting zero trust strategies and consolidating security platforms to enhance threat detection. Trend Micro emphasizes the importance of employee awareness and stress testing IT infrastructures for effective defense.

Trend Micro announced the results of the Pwn2Own competition held in December 2022, awarding $989,750 for the purchase of 63 unique zero days. The competition highlighted security vulnerabilities in home devices amid a rise in remote work, with an estimated 80% of US employees working from home. The event included a SOHO Smashup category, where hackers earned up to $100,000 for exploiting connected devices. The top contestant, DEVCORE, secured $142,500 in prizes. The competition aimed to raise awareness about the cybersecurity risks posed by home devices.

Trend Micro has partnered with Amazon Web Services (AWS) to support the launch of Amazon Security Lake, a new security data lake technology. This initiative aims to centralize security data from both cloud and on-premises sources, enhancing visibility into threat data for organizations. By eliminating barriers typically found in disparate data silos, the partnership allows security teams to optimize data management, reduce costs, and improve threat detection capabilities. The integration supports the Open Cybersecurity Schema Framework (OCSF) for seamless data ingestion and analysis.

Trend Micro has unveiled a new protection deployment model named Cloud Sentry, aimed at improving security in hybrid cloud environments. This innovation allows for quick identification of threats without impacting performance or extracting customer data. By consolidating security management within a single deployment per AWS account, organizations can enhance visibility and streamline threat management. The model facilitates better collaboration between security and development teams, offering insightful risk management that empowers efficient security priorities.

Trend Micro reported a 19% increase in net sales and a 29% rise in annual recurring revenue (ARR), reaching over $637 million. Active customer subscriptions increased by 11%, totaling more than 411,000. For Q3 2022, consolidated net sales were 56,798 million Yen ($410 million), with an operating income of 7,213 million Yen ($52 million) and net income of 13,530 million Yen ($97 million). The company plans to maintain its 2022 full-year guidance, anticipating net sales of 225,900 million Yen ($1,685 million).

Trend Micro's recent survey of over 355 IT and business leaders in financial services reveals a concerning dichotomy: while 75% feel adequately protected against ransomware, 72% have suffered ransomware attacks in the past. The survey highlights significant gaps in security measures, with 40% not using network detection tools and 49% lacking extended detection and response (XDR). Moreover, 56% reported that their suppliers had been compromised by ransomware. The research emphasizes the need for improved collaboration and information sharing to bolster cybersecurity resilience.