Trend Micro Stock Price, News & Analysis

Trend Micro has revealed that 90% of IT decision makers would compromise on cybersecurity for business goals, while 82% have felt pressured to downplay cyber risks to their boards. Only 50% of IT leaders believe the C-suite fully understands cyber risks. Interestingly, 52% report inconsistent organizational attitudes towards these risks. Despite this, 31% of respondents see cybersecurity as the biggest business risk, with 66% acknowledging its high cost impact. The report suggests a need for IT and business leaders to better communicate on cybersecurity issues.

Trend Micro announced its Q3 2021 earnings, reporting a net sales increase of 11% year-over-year, amounting to ¥47.85 billion ($434 million). The company achieved a 32% rise in enterprise subscription-based annual recurring revenue (ARR), exceeding $500 million. SaaS deployments grew by 59%, reflecting heightened demand for cybersecurity solutions. Notable achievements included blocking 41 billion cyber threats and a significant 177% sales increase in AWS Marketplace. The company revised its fiscal year 2021 guidance upwards, highlighting strong performance in North America and increased customer adoption of its SaaS platform.

On Nov. 10, 2021, Trend Micro released research on the Void Balaur cyber mercenary group, which has targeted over 3,500 individuals and organizations, including human rights activists and politicians. This group has been operational since 2018, primarily advertising on Russian forums and making money by breaching email accounts and selling sensitive data. Their charges range from $20 for stolen credit history to over $800 for detailed phone records. Trend Micro advises businesses to adopt robust cybersecurity measures to defend against such threats.

DALLAS, Nov. 4, 2021 /PRNewswire/ -- Trend Micro, a global cybersecurity leader, launched a report and video on 'Project 2030,' envisioning the future of cybersecurity amidst evolving cybercrime. The report predicts that by 2030, AI will democratize cybercrime, leading to unprecedented threats, including chaos in supply chains and advanced social engineering. It highlights the risks posed by massive IoT environments and the impact of 5G connectivity. Trend Micro advocates for the industry to adapt to these challenges to ensure security for governments, businesses, and individuals.

Trend Micro, a global cybersecurity leader, has been recognized as a Leader in The Forrester New Wave™: Extended Detection and Response (XDR) Providers, Q4 2021 report. It scored highest in the current offering category among fourteen vendors evaluated. The report highlighted Trend Micro's capability to provide a comprehensive security suite, effectively closing visibility gaps for security analysts. Customers praised its roadmap transparency and superior customer support. Additionally, the Trend Micro Vision One platform connects various security data, using analytics for early threat detection.

Trend Micro Incorporated (TMICY) has revealed that organizations on average employ 29 security monitoring solutions, complicating SOC operations. Companies with over 10,000 employees average nearly 46 tools, leading to inefficiencies. Key issues include lack of integration (42%) and a shortage of skilled personnel (39%). The potential financial impact of GDPR violations stands at over $235,000 per organization. In response, 92% of organizations are considering outsourced managed services to improve incident detection and response capabilities.

Trend Micro has launched the Trend Micro Cyber Academy, an initiative aimed at enhancing children’s online safety and digital literacy. This new program, part of the Internet Safety for Kids and Families initiative, offers free, video-based lessons for children aged 7–10. Initial topics include passwords and privacy, with lessons designed for quick delivery by teachers or guardians. Research indicates a surge in children's screen time and vulnerability to online threats, highlighting the need for digital literacy education. Future lessons will cover cyberbullying and media literacy, with multilingual options planned.

Trend Micro has launched its Zero Trust Risk Insights capability after testing with 3,500 enterprises. This solution forms a vital part of their cybersecurity platform, enabling organizations to assess risks related to identities, devices, and cloud applications. With continuous security posture assessments, it allows security teams to make informed decisions, thus enhancing protection against sophisticated threats. The solution addresses identity and device risks, bolstering overall security management in complex digital environments.

Trend Micro reported blocking 40.9 billion email threats and malicious content in H1 2021, marking a 47% year-on-year increase. Ransomware attacks surged, notably affecting the banking sector with a staggering 1,318% increase. In addition, business email compromise attacks rose by 4%, while cryptocurrency miners emerged as the most detected malware. The report emphasizes the necessity for comprehensive cybersecurity solutions as threats grow more sophisticated.