The driver for cybersecurity should center around risk assessment: Mahendra Negi, Group CFO, Trend Micro
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, recently had its global Group CFO, Mahendra Negi visit India. With India having become a vital market for Trend Micro globally, Mahendra shares that in the coming years, India’s contribution to the company’s overall revenue is projected to be a significant percentage, buoyed by the accelerated growth over the last few years.
In 2018, Trend Micro witnessed robust growth across its enterprise business in India. Currently, the company has a dominant market share in the local banking sector, with many of the customers adopting its hybrid cloud security solutions for server and datacenter protection. Trend Micro’s customers in India include the top five IT and IT enabled services (ITeS) companies; the top seven energy companies; and all three private telcos.
Sharing security advice to enterprises in India who are transitioning to the cloud and adopting next-gen technologies like IoT, blockchain and 5G, Mahendra Negi said, “Don’t just tick the security box to fulfill compliance requirements. While compliance is part and parcel of a holistic cybersecurity strategy, the driver for security should center around risk assessment – figuring out what are the intangible assets of a company and how to protect them.”
Speaking on the company’s long-term commitment to the India market, Negi said, “India is an up-and-coming market for us, and presents a huge and strategic opportunity for our business. The key investment for us right now is in training our people; that’s why we have launched the new certification-granting programme in IT security (CPITS) in India. There is a big technology shift underway. Cloud infrastructure continues to evolve apace and security in the hybrid cloud environment is getting a lot of attention from our customers. We also see strong demand for endpoint detection and response (EDR) and managed detection and response (MDR) in India. We have invested heavily in all these areas.”
A leader in hybrid cloud security, Trend Micro is able to provide protection throughout a company’s entire cloud journey, from on-premise servers, virtual servers, to cloud workloads. In 2018, the company launched a new solution for containers – the next big trend in application development in the cloud era. Currently, the company observes strong uptake of private cloud from the banking, financial services, and insurance (BFSI) sector; and that of public cloud from the manufacturing, e-commerce, IT and ITeS sectors, and born-in-the-cloud businesses.
The focus areas for Trend Micro in India this year include Apex One for advanced endpoint security, hybrid cloud security, network defense, and connected threat defense – Trend Micro’s approach to providing enhanced visibility across the entire IT environment. New local customer acquisitions from 2017 to 2018 include the State Bank of India (SBI), BHEL, the Syndicate Bank, Lupin Pharma, Bandhan Bank, PolicyBazaar, and Capillary Technologies, to name a few.
About Trend Micro
Trend Micro Incorporated, a global leader in cybersecurity solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and control, enabling better, faster protection. With more than 6,000 employees in over 50 countries and the world’s most advanced global threat intelligence, Trend Micro enables organizations to secure their journey to the cloud. For more information, visit www.trendmicro.com.
