Industry
Finance, Asset Management
Employees
300-500
Region
Asia Pacific, India
IT Environment
Hybrid (on-premises and cloud)
Solutions
- Comprehensive protection for a diverse and growing IT environment
- Enhanced visibility and control across multiple segments
- Improved detection and response through managed security services
- Simplified security management and reporting through the unified Trend Vision One™ platform
- Better compliance with financial sector regulations
- Scalable security solutions that grow with the organization
Overview
LIC Mutual Fund, a leading Indian asset management company, has been at the forefront of providing diverse financial products since 1989. As a subsidiary of LIC of India, the world’s largest life insurer, and with a systematic investment discipline coupled with a high standard of financial ethics and corporate governance, LIC Mutual Fund has established itself as a trusted name in the asset management sphere.
THE CHALLENGE
As one of India’s premier asset management organizations, LIC Mutual Fund has spent three decades building trust while safeguarding investors’ sensitive financial information through robust infrastructure and applications built to deliver services par excellence to investors.
However, India’s evolving financial landscape presented new challenges: new trade mediums, increasingly sophisticated cyber threats, and stringent regulatory requirements demanded a more comprehensive security approach.
The organization’s rapid growth, combined with the ever-changing business dynamics and growing need for uninterrupted operations of its mission-critical infrastructure, called for a strategic transformation. LIC Mutual Fund opted for a platform-based approach to strengthen its security posture against the everdynamic threat landscape. “The longer a cybersecurity incident goes undetected and unresolved, or any disruption or downtime, can have severe and far-reaching consequences. This understanding drove our decision to implement a platformbased approach,” explains Prashant Thakkar, Chief of Operations & Technology Officer at LIC Mutual Fund.
"Trend Micro’s platform-based approach, complemented by their managed security services, has revolutionized our cybersecurity strategy."
WHY TREND
LIC Mutual Fund and Trend Micro share more than a decade-long partnership; they align in their commitment to innovation and respective industry leadership. “What stands out about our decade-plus relationship with Trend Micro is not just their strong commitment to the Indian market, but their consistent ability to innovate and deliver relevant product/services to support our evolving IT environment while ensuring we meet stringent regulatory requirements,” says Thakkar.
Trend Micro’s versatility in supporting both on-premises and cloud environments proved invaluable as the company navigated its digital transformation. Positive experiences with previous Trend Micro solutions, reinforced their trust. A prime example is Trend Micro’s strategic investment in Indian data centres for hosting cloud solutions, which proved crucial in helping LIC Mutual Fund navigate the post- COVID business landscape while maintaining regulatory compliance.
THE SOLUTION
LIC Mutual Fund leveraged Trend Micro’s Vision One platform, a purpose-built threat defence platform that enables comprehensive threat detection, prevention, and response across multiple security layers. The platform integrates several specialized Trend Micro solutions.
For endpoint and server protection, advanced security solutions facilitate defence against sophisticated attacks, delivering timely protection against evolving threats and vulnerabilities. Email security solutions protects against phishing attempts, malware, and ransomware, while network security is maintained through 360-degree monitoring that analyzes numerous protocols to maintain complete visibility into advanced threats.
With Trend’s managed security services, LIC Mutual Fund benefited from continuous monitoring, faster incident response, and improved visibility, empowering their internal teams to focus on strategic security priorities.
[Trend’s] commitment to innovation and our shared vision for proactive cybersecurity creates a strong foundation for anticipating risks and responding effectively to emerging threats.
Chief of Operations and Technology Officer, LIC Mutual Fund
Prashant Thakkar
RESULTS
The Trend Vision One agentic AI cybersecurity platform provided single-pane-ofglass view and enabled comprehensive visibility on the organization’s overall attack surface, while offering granular insights into inter-related security incidents for enhanced investigation.
The platform’s customizable dashboards, tailored for different business teams, proved instrumental in streamlining compliance demonstrations and efficiently addressing various regulatory requirements.
Additionally, Trend ensured seamless alignment with the existing security infrastructure through built-in ready connectors for seamless integrations with perimeter security solutions, thereby strengthening the overall cybersecurity framework.
Mr. Thakkar highlighted the value of the partnership, “Trend Micro’s platform-based approach, complemented by their managed security services, has significantly enhanced our cybersecurity strategy. It has helped strengthen our security posture while simplifying our operations.”
WHAT'S NEXT
LIC Mutual Fund is set to elevate its security posture by transitioning from a reactive to a proactive, risk-based cybersecurity approach. The organization plans to gain continuous visibility into potential threats and vulnerabilities across their digital ecosystem. This strategic shift will enable LIC Mutual Fund to assess and prioritize risks effectively, implement targeted controls, and address security gaps before they can be exploited, ensuring continuous monitoring and improvement in their security framework.
“As cybersecurity threats evolve, so must our defences,” Thakkar concludes. “With Trend Micro, we’ve found a trusted partner in this journey. Their commitment to innovation and our shared vision for proactive cybersecurity creates a strong foundation for anticipating risks and responding effectively to emerging threats.”
ABOUT TREND MICRO
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, the Trend Vision One enterprise cybersecurity platform harnesses AI to protect hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. TrendMicro.com
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