As cybersecurity threats loom, LIC Mutual Fund on 25 July, 2017 mandated cybersecurity firm Trend Micro to secure its endpoints, network and data centres.
This comes after Trend Micro announced that it was securing State Bank of India’s (SBI) 2.75 lakh endpoints across 26,000 branches.
“This partnership helped us combat the challenges of securing and protecting our data and network from potential security risks,” said Prashant Thakkar, Chief Technology Officer, LIC Mutual Fund Asset Management Limited, in a statement.
The financial product advisor deployed Trend Micro solutions which provided visibility into potential security threats and increased protection against zero-day vulnerabilities.
“It is important that the security solution integrate seamlessly with the existing established IT infrastructure. Therefore, we essentially made sure to integrate company’s IT ecosystem to deliver cutting-edge protection without impacting on system performance,” added Nilesh Jain, Country Manager (India and SAARC), Trend Micro
LIC Mutual Fund also benefits from Trend Micro’s centralised management solution that provides a single, integrated interface to manage, monitor and report across multiple layers of security.
This news comes after Trend Micro on 27 June announced the launch of a corporate venture fund to explore emerging technology markets. With an initial investment of $100 million, this venture fund will allow Trend Micro to nurture a portfolio of startups that are developing ideas and living at the epicentre of hyper growth markets such as the Internet of Things (IoT).
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