Trend Micro Stock Price, News & Analysis

Trend Micro Incorporated (TMICY) reinforces its position as a leader in cloud security, boasting a 17.7% market share, nearly three times that of its closest competitor, as per IDC. This marks the fourth consecutive year of leading cloud workload security, emphasizing customer-driven innovations. New features include a streamlined setup for improved visibility and simplified deployment for container security. The company has also expanded its AWS competencies to include Healthcare and DevSecOps, further enhancing its comprehensive cloud security platform available across major marketplaces.

Trend Micro's recent research reveals that 54% of global organizations believe their cyber risk assessments lack sophistication, leaving them vulnerable to various threats including ransomware and phishing attacks. Key findings show 28% struggle with manual attack surface mapping, while 32% face challenges with multiple tech stacks. Over 80% of respondents feel exposed to cyber threats. Additionally, a majority of decision-makers lack the ability to effectively quantify risk exposure to leadership. The study underscores the need for unified platforms to enhance visibility and risk management.

Trend Micro has achieved Amazon Web Services (AWS) Healthcare Competency status, enhancing its cloud security capabilities. This recognition adds to the company's portfolio of over 15 AWS competencies, solidifying its position as a leading cybersecurity provider. As an AWS Advanced Technology Partner, Trend Micro focuses on delivering robust security solutions tailored for healthcare organizations, addressing threats like ransomware and insider attacks. The company also announced the addition of the AWS DevOps Competency, reflecting its commitment to innovation and security in the cloud.

Trend Micro blocked over 33.6 million cloud email threats in 2021, marking a 101% increase from the previous year, highlighting email's status as a key entry point for cyber attacks. Key findings include:

• 16.5 million phishing attacks blocked, up 138%.
• 6.3 million credential phishing attacks detected, a 15% increase.
• 3.3 million malicious files, including a surge in both known and unknown malware.

Trend Micro has released a study highlighting that improved security and privacy capabilities are key motivators for organizations pursuing private 5G wireless networks. The study, conducted by 451 Research, surveyed 400 decision-makers across the US, Germany, the UK, and Spain. Major concerns include data exposure and vulnerabilities, with 31% citing data privacy risks. Additionally, organizations indicate the need for expert security partnerships, with 58% planning risk assessments with partners. The findings underscore the growing demand for robust security in private 5G deployments.

Trend Micro has launched VicOne, a dedicated cybersecurity solution for connected and electric vehicles. This initiative responds to the growing need for enhanced security as over 400 million connected cars are projected to be on the roads by 2025. The new solution integrates with Microsoft Azure IoT services for comprehensive threat detection and response, aligning with UN regulations on vehicle cybersecurity. Trend Micro's partnership with MIH Consortium and participation in the SOAFEE initiative further strengthens its role in automotive cybersecurity, ensuring robust protection across the industry's evolving landscape.

Trend Micro's latest global study reveals significant concerns among organizations regarding their expanding digital attack surface, impacting risk management efforts. The survey, conducted with 6,297 IT and business decision-makers across 29 countries, found that 73% worry about their evolving attack surface.

Visibility issues were highlighted, with 62% admitting to blind spots in security measures. Furthermore, over half of the organizations feel their risk exposure assessment methods need improvement, suggesting a pressing need for unified approaches to enhance security management.

Trend Micro has released new research indicating that 89% of firms in the electricity, oil and gas, and manufacturing sectors faced cyber-attacks affecting production in the last 12 months. The average financial damage from these disruptions is around $2.8 million, with the oil and gas sector hit hardest. Notably, 72% of respondents experienced cyber disruptions at least six times a year. Despite efforts to enhance cybersecurity, many organizations lack adequate resources. This highlights the urgent need for effective cybersecurity strategies in increasingly digital industrial environments.

Trend Micro has established a dedicated US Federal Business unit to enhance cybersecurity services for federal organizations. Located in the DC corridor, this unit focuses on securing digital transformation, zero trust implementation, and cloud migrations specifically for federal requirements. The initiative is part of Trend Micro's commitment to safeguarding sensitive data against increasing cyber threats, including ransomware attacks. The business unit is staffed by a team of experts with extensive government cybersecurity experience, further strengthening Trend Micro's position as a key security partner for federal agencies.