Trend Micro Stock Price, News & Analysis

Trend Micro Incorporated has established a U.S. Federal Excellence Committee consisting of six current governmental executives to enhance its public sector strategy. This initiative aims for a 15% increase in the company’s presence among federal agencies. The committee will leverage Trend Micro's global threat intelligence to improve security across critical infrastructure, energy, finance, and transportation sectors. The partnership is designed to enhance cybersecurity through public-private collaboration, aiming to protect the nation’s critical assets and ensure data security for all citizens.

Trend Micro's latest research warns of significant risks associated with exposed biometric data, particularly in the context of the metaverse. The report reveals that stolen biometric details can enable unauthorized access to sensitive online accounts, including banking and cryptocurrency. With increasing volumes of biometric information available online, there is a growing threat of data theft and fraud. The research emphasizes the need for heightened cybersecurity awareness and the potential for biometric impostors to challenge current authentication systems.

Trend Micro's recent research indicates that 86% of global healthcare organizations (HCOs) compromised by ransomware experienced operational outages. Over the past three years, 57% of HCOs reported such compromises, with 25% forced to halt operations and 60% seeing some process disruptions. Recovery took days for 56% and weeks for 24% of these organizations. The study highlights supply chain vulnerabilities, with 43% noting that their partners increase attack attractiveness. Despite 95% regularly updating patches, many HCOs lack essential cyber defenses and threat intelligence sharing.

Trend Micro (TMICY) reported strong growth in its collaboration with Microsoft Azure, estimating a 70% year-on-year growth opportunity in 2022. The company emphasizes enhanced capabilities in visibility and attack surface management through integration with Microsoft Sentinel. Trend Micro has 12 Azure Marketplace listings, with multiple products ready for co-sell. As a pioneer in cloud security and a long-term partner of Microsoft, the company aims to bolster security for organizations undergoing digital transformation.

Trend Micro, a global cybersecurity leader, reported blocking 63 billion threats in the first half of 2022, marking a 52% increase from the previous year. The company predicts a rise in ransomware attacks targeting Linux servers and embedded systems. Significant detections include a 500% year-on-year increase in ransomware-as-a-service attacks from groups like LockBit and Conti. Unpatched vulnerabilities and the evolving tactics of threat actors present challenges, with 43% of organizations feeling overwhelmed by security management, particularly in the context of a hybrid workplace.

Trend Micro warns that organizations may lose over $400,000 per update due to incomplete or faulty security patches. The company's Zero Day Initiative (ZDI) has revised disclosure policies to combat declining patch quality and vendor communication. Future timelines for reporting ineffective patches will be shortened to 30, 60, and 90 days, depending on severity. This change aims to minimize risks and costs associated with patch management, which can exceed six figures monthly for medium-to-large enterprises. Trend Micro advocates for better risk assessment and vendor selection.

Trend Micro reported a strong Q2 2022, achieving a 17% increase in net sales, totaling 54,874 million Yen (approximately $423 million). The company's enterprise annual recurring revenue (ARR) surged by 32%, exceeding $609 million, driven by growth in its cybersecurity solutions across all regions. Operating income stood at 7,542 million Yen (around $58 million), with net income attributable to owners at 6,430 million Yen (or $49 million). Despite currency fluctuations, Trend Micro is set to revise its full-year forecast while enhancing its product offerings and market diversification.

Trend Micro warns of emerging cybersecurity threats in the metaverse through a new report titled Metaverse or MetaWorse? Cyber Security Threats Against the Internet of Experiences. It identifies a 'darkverse' where criminal activities may flourish, including NFT fraud, money laundering, and social engineering. The report highlights that law enforcement will struggle to monitor these threats, leading to significant security challenges. Bill Malik emphasizes the need for proactive measures to secure the metaverse before it becomes a Wild West of cybercrime.

Trend Micro has marked its fifteenth consecutive year of expanding its Zero Day Initiative (ZDI), responsible for 64% of all vulnerabilities disclosed in 2021 as per Omdia. The ZDI disclosed 984 vulnerabilities, including 48 critical and 723 high severity cases, significantly outperforming its nearest competitor by more than three times. The year saw a 12% increase in total vulnerabilities disclosed across 11 organizations, highlighting the industry's growing proactive stance against cyber threats. As the largest vendor-agnostic bug bounty program, ZDI continues to lead in enhancing digital security.