Trend Micro Introduces Scam Radar: Industry-First Personalized Early Scam Warning Feature for Consumers
Rhea-AI Summary
Trend Micro (OTC:TMICY) has launched Scam Radar, a groundbreaking feature within their ScamCheck app that provides real-time protection against cybercrime tactics. The new capability analyzes coordinated scam methods across SMS, websites, and messaging apps to detect potential threats before users fall victim.
According to their recent study of 6,632 consumers across 6 countries, 30% of consumers have been scam victims, with 39% not realizing until significant financial loss occurred. The study revealed that 27% of victims were targeted by online shopping scams, while 22% fell prey to investment-related fraud. The app is now available on both Apple App Store and Google Play store.
Positive
- Launch of innovative Scam Radar feature providing real-time protection against cyber threats
- Comprehensive analysis of multiple communication channels (SMS, websites, messaging apps) for better threat detection
- Large market opportunity with 30% of consumers reporting being scam victims
- Wide availability across both Apple App Store and Google Play store platforms
Negative
- Increasing sophistication of cybercriminals making scams harder to detect
- Rising cyber threats due to recent data breaches and geopolitical uncertainty
News Market Reaction
On the day this news was published, TMICY declined 2.20%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
New capability in Trend Micro ScamCheck app uses advanced techniques to protect users when they need it most