Trend Micro Stock Price, News & Analysis

Trend Micro reported detecting 119,000 cyber threats per minute in 2020, amidst a surge in cyberattacks targeting home networks. Attacks on homes increased by 210%, totaling nearly 2.9 billion, with 73% involving brute-force login attempts. Email threats constituted 91% of the 62.6 billion threats blocked, with almost 14 million phishing URLs detected. Notably, the rise of new ransomware families by 34% and the increase in published vulnerabilities by 40% highlight the evolving cyber threat landscape.

Trend Micro has been recognized in the 2021 CRN Security 100 list, showcasing its leadership in cybersecurity. The list honors top channel-focused security vendors across five categories, including Endpoint Security and Network Security. Trend Micro's collaboration with channel partners aims to enhance detection and response to cyber threats through platforms like Cloud One and Vision One. This acknowledgment emphasizes Trend Micro's commitment to innovation and partner benefits, affirming its position as a key player in delivering advanced cybersecurity solutions.

Trend Micro reported solid earnings for Q4 fiscal 2020, with net sales increasing by 7% year-over-year at constant currency, totaling 47,031 million Yen (US $450 million). The company achieved an operating income of 11,929 million Yen (US $114 million) and a net income of 7,923 million Yen (US $75 million). SaaS deployment surged by 66% year-over-year, reaching 32.3 million instances. Trend Micro expects consolidated net sales of 183,400 million Yen (US $1,746 million) for FY 2021.

Trend Micro has released a significant study highlighting cybersecurity risks in connected cars. Evaluating 29 real-world attack scenarios, the report identifies various threats, including DDoS attacks on Intelligent Transportation Systems. Over 17% of attack vectors are categorized as high risk, requiring minimal expertise from attackers. While the overall risk of cyber attacks is assessed as medium, the evolution of threats due to SaaS applications in vehicle architecture poses further risks. The report emphasizes the need for comprehensive security measures across the connected car ecosystem.

Trend Micro has launched the What's Your Story? 2021 video competition as part of its Internet Safety for Kids and Families program. The contest invites students from Canada and the U.S. to create videos answering how the internet helped them during the pandemic. Entries are accepted until April 20, 2021. Winners will receive a total of $20,000 in prizes, with individual student entries eligible for up to $10,000. Finalists will be announced on May 4, 2021, and winners on May 18, 2021. Judges include representatives from various organizations focused on internet safety.

On February 9, 2021, Trend Micro announced its new cybersecurity platform, Trend Micro Vision One, designed to address security alert overload and resource constraints. This enhanced platform incorporates extended detection and response (XDR), offering improved visibility, threat intelligence, and integration with third-party solutions. It aims to streamline security management, enabling teams to react faster to significant threats. The platform is backed by 30 years of innovation and is positioned to help organizations mitigate cyber risks more effectively.

Trend Micro's recent survey highlights that 88% of global healthcare organizations (HCOs) accelerated cloud adoption due to the pandemic. Key motivations included remote work, cost savings, and improved IT agility. However, challenges such as skills shortages (43%), operational difficulties (34%), increased costs (43%), and limited confidence in security responsibilities (40%) were also identified. The company emphasizes that while cloud migration presents risks, effective security tools can enhance cloud benefits and mitigate potential issues, ensuring the safety of patient data.