Straits Financial
Reaps rewards of managed security and reduced risk scores with Trend Micro
OVERVIEW
Straits Financial Group is a leading global trading firm with operations spanning Singapore, The United States, Vietnam, Indonesia, China, and Dubai. The company offers a diverse portfolio of products ranging from commodities and foreign exchange (FX) to cryptocurrency. Over the past three years, Straits Financial has expanded significantly, reinforcing its position in the financial services industry. At the helm of this digital transformation is Group Chief Technology Officer Javen Lim, who oversees cybersecurity and IT strategies while guiding the company’s technological expansion
With Trend Micro, I now have enhanced visibility, and the integration of third-party products has tremendously improved my security operations.
Javen Lim
Group Chief Technology Officer, Straits Financial Group
Industry
Financial Services
Employees
51-200
Region
Singapore, Global
Solutions
- Enhanced visibility across global operations for proactive threat detection
- Reduced risk scores, improving overall cybersecurity posture month by month
- Streamlined operations by outsourcing level 1 monitoring
CHALLENGES
As Straits Financial grew from a small firm more than 14 years ago, the company faced several challenges in scaling its technology infrastructure. Legacy systems, a lack of tools, and resource constraints became critical issues, especially as cyber threats became more complex. “Resources and tools are probably the biggest challenge that I had at that point in time,” says Lim. As the organization began to expand into new regions, establishing a robust and resilient security posture became a critical and time-sensitive priority
We are confident that with Trend Micro, our security posture will continue to improve.
Javen Lim
Group Chief Technology Officer, Straits Financial Group
WHY TREND
Partnering with Trend allowed Straits Financial to address key challenges and secure their growing operations. The decision to adopt Trend Vision One™ and SOCaaS was driven by the need to have visibility of the entire attack chain and proactive risk management. “The SOC services provided resources to monitor my environment 24 by 7, which is something I didn’t have,” explains Lim. After evaluating a number of competitors, Trend stood out thanks to their extended detection capabilities and seamless integration with third-party logs. Their consolidated platform simplifies Straits Financial’s operations, reduces response times, and strengthens their security defenses across global offices
SOLUTION
Straits Financial implemented Trend Vision One and SOCaaS to address their cybersecurity challenges. Trend endpoint and server protection solutions helped improve their security posture, allowing for proactive detection of malicious activities. The integration with third-party solutions such as firewalls and VPNs provides Straits Financial with comprehensive visibility into potential threats across its global operations. Lim notes, “With Trend Micro, I now have enhanced visibility, and the integration of third-party products has tremendously improved my security operations.”
RESULTS
By partnering with Trend, Straits Financial saw significant improvements in both tangible and intangible ways. The most notable result was the reduction of the company’s risk score, which improved month by month. On the resource front, the adoption of SOCaaS allowed Straits Financial to outsource level 1 monitoring to Trend, reducing the workload and stress on their in-house team. The team is now able to focus on higher-level threats, improving operational efficiency. “We’ve been able to shorten the mean time to detection and remediation, and the correlation between threats has been vastly improved,” says Lim
WHAT'S NEXT
Straits Financial plans to strengthen its cybersecurity strategy further by expanding its use of Trend services. The company aims to explore additional Trend Vision One capabilities to ensure it stays ahead of evolving cyber threats. As the firm continues to grow, it looks forward to deepening its partnership with Trend, enhancing its security posture across all regional offices. “We are confident that with Trend Micro, our security posture will continue to improve,” concludes Lim
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