Trend Micro Stock Price, News & Analysis

Trend Micro, a global cybersecurity leader, launched Trend Micro Service One on Sept. 7, 2021, consolidating managed services to enhance enterprise threat management. This new offering includes premium support, early warning services, Managed XDR, and incident response, helping organizations detect and respond to cyber threats more effectively. A recent survey revealed over half of SOC teams feel overwhelmed by alerts, indicating a rising need for outsourced security management to mitigate risks and optimize internal resources.

Trend Micro has released a new research report aimed at assisting manufacturers, suppliers, and government bodies in managing cyber risk for connected vehicles. The report interprets the WP.29 regulation from the UN, highlighting attack vectors that pose significant threats to the connected car industry. Key vulnerabilities include back-end server attacks, denial of service via communication channels, and third-party software exploitation. The research also evaluates threat severity using the DREAD model, projecting how threats will evolve in the next 5-10 years. This report builds on previous studies regarding 5G and connected vehicle risks.

Trend Micro announced its new Channel Partner Demand Generation Program, WeDiscover, aimed at enhancing market presence in the Asia Pacific, Middle East, and Africa regions. This initiative will assist channel partners in identifying new market opportunities, accelerating sales, and differentiating services. Key program features include collaboration across business teams, support for closing deals within 180 days, comprehensive marketing tools, and a reward system through the TrendSetter program. The launch reflects a commitment to partner success and expansion in diverse markets.

Trend Micro's latest report highlights the rising security threats targeting Linux systems as organizations shift to cloud environments. In the first half of 2021, nearly 13 million malware events were recorded, with 25% being cryptocurrency miners and 20% web shells. The report reveals that most attacks exploited outdated software, with 44% targeting older versions of CentOS. The findings emphasize the importance of securing Linux-based workloads to protect against evolving cyber threats.

Trend Micro, a global cybersecurity leader, reports significant growth as an Amazon Web Services (AWS) Advanced Technology Partner. The company achieved a 177% year-over-year sales growth in Q2 2021 and a 63% increase in annual recurring revenue in AWS Marketplace. Trend Micro holds a substantial 27.5% market share in the worldwide cloud workload security market. The firm is expanding its offerings, integrating six new services in 2021, reaffirming its commitment to simplifying cloud security for businesses amid rapid digital transformation.

On August 17, 2021, Trend Micro announced its 7th annual global Capture the Flag competition, the Raimund Genes Cup, aimed at enhancing cybersecurity skills. With a significant shortage of over 3 million cybersecurity professionals worldwide, this competition addresses the urgent need for skilled individuals in the industry. The event includes online qualifiers from September 18-19, with the top teams advancing to virtual finals on December 18-19. The winning team will receive 1,000,000 JPY (approximately $9,000 USD) and rewards for participants, promoting talent development in cybersecurity.

Trend Micro reported robust Q2 2021 results with a 12% year-over-year growth in net sales, reaching 46,734 million Yen (US $426 million). Key drivers included a 30% increase in enterprise subscription-based revenue and a 60% rise in SaaS instances. The company now has 360,000 subscription-based customers, reflecting a 19% YoY growth. Positive industry recognition includes being named a leader in multiple security categories, and new innovations, such as a co-built SaaS solution and advancements in IIoT security, highlight Trend Micro's commitment to enhancing cybersecurity.

Trend Micro's recent report indicates a heightened risk of cyber attacks, with 80% of global organizations anticipating a data breach affecting customer data within the next year. The Cyber Risk Index (CRI) reveals a slight increase in the risk score to -0.42. Key findings include that 86% of respondents consider serious cyber-attacks likely, and 24% reported suffering over seven attacks in the past year. The report highlights critical vulnerabilities, particularly in cloud computing, and emphasizes the need for organizations to improve their cybersecurity strategies.

Trend Micro, a global cybersecurity leader, participated in the virtual Black Hat USA 2021 conference from July 31 to August 5. Attendees engaged in the Exploit Elimination Challenge while exploring how threat intelligence enhances platform security.

Trend Micro’s platform offers visibility and extended detection and response (XDR) across various environments, powered by threat intelligence that aids in effective detection and alerts.

For detailed insights, visit their enterprise security platform link.