Trend Micro sees revenue growth from cybersecurity solution

The company also announced its cyber-threat predictions.
Piyatida Tantrakul, country manager of Trend Micro (Thailand), said the company this year planned to focus on three areas: endpoint security solution, hybrid cloud solutions, and connected threat defence solutions. The factors that will drive cybersecurity growth include the rapid expansion in usage of mobile devices, as well as businesses investing much more in security for the public cloud, guarding against malware.
The company expects that sales of its connected threat defence solutions will growth by 72 per cent this year, followed by hybrid cloud solutions at 36 per cent and endpoint security solutions at 22 per cent.
Trend Micro will focus on five sectors: government, telecommunications, banking, financial insurance and manufacturing and midrange market.
Piyatida said the company’s revenue last year grew by 15 per cent, mainly from the telecom and manufacturing sectors. She added that the firm expected a revenue growth of 30 per cent this year.
Khongsak Kortrakul, senior manager of technology services for Trend Micro (Thailand), said the main cyber-threats this year would include mobile malware amid increasing usage of smart devices, data breaches, online extortion, hacktivists, and ad-blocking.
Data breaches will be used by hacktivists to destroy their targets systematically. Ad-blocking will shake up the advertising business model with skilful “mal-vertisements”.
Meanwhile cybercrime legislation will take a significant step towards becoming a global movement. “At least one consumer-grade smart-device failure will be lethal in 2016. China will drive malware growth to 20 million by the end of 2016. Meanwhile, globally, mobile payment methods will be attacked,” Khongsak said.