security

Cyber security major sees big cloud tech push in banks, SMBs – Times of India


Kolkata: Small and medium businesses (SMB) and regulated entities such as banks in India are adopting cloud-based technologies and securities faster than expected for better and rapid detection of cyber threats, says Trend Micro India, a subsidiary of the $2 billion Japanese pure-play cybersecurity giant. Large institutions, including banks, and the government sector account for 70-75% of Trend Micro’s revenue in India.
Trend Micro technical director Sharda Tickoo said the company is betting big on purpose-built solutions around security operations centres (SOC), cloud security and government projects (Central, state, defence and railways) on an Extended Detection and Response (XDR) platform.
Fuelled by threat research and innovation, Trend Micro’s cybersecurity platform protects both organizations and individuals across clouds, networks, data centres, devices, and endpoints.
The senior official of the cybersecurity leader believes that India will become the company’s one of the top three markets globally within two-three years. “We are now among the top-five markets. SMBs are wanting to invest in cloud securities and managed XDR operations, which has been a revelation to us. Following Covid, cloud has become mainstream. The largest bank of India is all set to take our end-point detection and response solutions,” she said.
The company is offering its solutions to over 95% of the state data centres, 90% of the government-run smart city projects and eight out of 10 large banks in India. “Government and mid-enterprise are growing faster than others and helping us get a double-digit growth.”





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