Trend Micro Stock Price, News & Analysis

Trend Micro's recent study highlights significant cybersecurity risks as 39% of remote workers access corporate data via personal devices. The survey, involving over 13,000 employees across 27 countries, reveals that 36% lack basic password protection on these devices. Additionally, 52% of workers have IoT devices connected to home networks, which may carry security vulnerabilities. The findings stress the importance of tailored cybersecurity training for employees and recommend employers refine security policies to mitigate risks associated with personal devices and IoT.

Trend Micro launched the Premium Security Suite, its most comprehensive protection aimed at home users, addressing concerns over identity theft. A survey indicates that 62% of Americans are worried about identity theft, with similar concerns for cyber threats on devices. The suite includes Maximum Security, Mobile Security, ID Security, WiFi Protection, and a Password Manager. In the first half of 2020, Trend Micro blocked over 27 billion threats. The suite is available now, with existing customers set to receive automatic upgrades.

Trend Micro, a leader in cloud security, has launched Worry-Free XDR, enhancing its XDR platform for small and medium businesses. This solution consolidates detection and response capabilities, addressing increased cyber threats and the need for efficient security management. With 85% of organizations struggling with threat response, Worry-Free XDR aims to simplify security for SMBs, providing automated threat detection and incident response. Additionally, a Co-Managed XDR offering for Managed Service Providers enhances customer protection and operational efficiency. This development positions Trend Micro favorably in the cybersecurity sector.

Trend Micro's recent research reveals that both on-premise and cloud-based servers are increasingly compromised by cybercriminals as part of a sophisticated monetization scheme. The report highlights that while cryptocurrency mining alone may not cause disruptions, it usually signals deeper issues like data exfiltration or ransomware attacks. With a focus on underground hosting services, it emphasizes the vulnerabilities of cloud servers and the methods used by criminals to abuse these assets. The study aims to enhance awareness among law enforcement and IT security teams to combat cybercrime effectively.

Trend Micro blocked 8.8 million COVID-19 related threats in H1 2020, mostly email-based. Cybercriminals exploited remote work gaps during the pandemic, highlighting the need for enhanced cybersecurity strategies. Business Email Compromise detections rose by 19%, while ransomware threats saw a 45% increase in new families. Trend Micro's Zero Day Initiative published 786 advisories, a 74% increase from the previous half-year, with a noted rise in vulnerabilities in industrial control systems. Their XDR solution aims to improve security monitoring in evolving environments.

Trend Micro has announced a new collaboration with Snyk to enhance security for open source software. This partnership aims to help security teams manage open source vulnerabilities seamlessly during the development process. The collaboration comes as vulnerabilities in open source software have increased 2.5 times in the past three years. The new solution will provide security operations with crucial visibility into open source risks, significantly supporting compliance with key frameworks like ISO 27001 and SOC 2.

Trend Micro announced its 6th annual Capture the Flag (CTF) Competition, now fully online, enhancing cybersecurity talent globally. The event includes virtual qualifiers on September 26-27 and finals on December 18, attracting teams to tackle challenges in various cybersecurity fields. The winning team will receive 1,000,000 Japanese Yen (approx. $9,000 USD), while second and third places earn 300,000 JPY and 200,000 JPY, respectively. This initiative aims to address the cybersecurity skills shortage and bolster defensive strategies in a rapidly evolving threat landscape.

JCI US Inc. and Trend Micro Inc. have successfully completed the proof-of-concept phase for their joint R&D project focusing on SIM card-based security solutions for mobile devices within CBRS private 4G/5G networks. The research demonstrated the ability to secure IoT devices against various attacks using technologies on the SIM card, confirming that malicious actors could be blocked even if they swapped SIMs. Future efforts will expand to blockchain technology to secure IoT endpoints, minimizing risks associated with data compromise.