Customer Stories

Securing the Future: Radix Pension Managers Limited’s Cybersecurity Transformation

Customer Name: Radix Pension Managers Limited

Industry: Pension Fund Administrator (“PFA”) Industry

Solution: Sophos Endpoint Protection

Location/Country: Lagos, Nigeria

Partner: Reliance Infosystems

Overview

Radix Pension Managers Limited is a licensed Pension Fund Administrator (PFA) under the Pension Reform Act, 2014 (as amended), and is regulated by the National Pension Commission (PenCom). 
The company provides comprehensive pension fund management and advisory services in Nigeria.


In 2022, MBO Capital Management Limited invested N4 billion to acquire an 80% stake in Radix, positioning it as a key player in Nigeria’s pension industry. Radix Pension Managers is headquartered in Victoria Island, Lagos, and is committed to providing excellent pension fund management services, ensuring a secure and comfortable retirement for their clients.

Challenges and Pain Points: Battling Cybersecurity Threats

Radix Pension Managers Limited, like many organizations in today’s digital landscape, found itself increasingly vulnerable to cyberattacks. The company faced constant threats of data breaches and system disruptions, putting sensitive pensioner information at risk. Protecting this data from unauthorized access was a top priority, necessitating robust encryption measures. Additionally, the integrity and performance of their systems were continually threatened by malware and ransomware, making it crucial to enhance their cybersecurity defenses.

Facing these challenges head-on, Radix Pension Managers Limited realized the urgent need for a robust cybersecurity solution, marking the beginning of their journey towards a more secure and resilient digital infrastructure

The Pivotal Moment

Recognizing the urgent need to safeguard their infrastructure and ensure the security of their clients’ sensitive information, Radix Pension Managers decided to adopt a robust cybersecurity solution. The pivotal moment came when they chose to implement Sophos Endpoint Protection, aiming to reinforce their security posture and prevent further breaches.

The Leap of Transformation: Gaining Security and Confidence

Reliance Infosystems stepped in as a trusted cybersecurity partner. By deploying Sophos Endpoint Protection Agent and establishing a 24/7 Security Operations Center (SOC), we created a formidable defense against cyber threats. This transformation yielded significant benefits:

Comprehensive Protection:

Radix Pension Managers leveraged a sophisticated endpoint security solution to deliver unparalleled protection and fortify their entire data estate against ransomware attacks. WithSophos Endpoint Protection Agent, the organization enableda robust end-to-end security defense, shielding Radix’s systems from a wide array of cyberattacks. The pension fund company became empowered to focus on its core business objectives without fear of evolving cyber threats or breaches.

Proactive Threat Hunting:

With a 24/7 Security Operations Center (SOC), Radix’s IT and security team had adequate resources to quickly identify and neutralize threats even before they could cause damage. Armed with a centralized threat-hunting system with advanced capabilities for round-the-clock threat detection, response, and remediation, the organization was able to stay ahead of the cybersecurity curve maximizing a unified threat management.

Enhanced Security Posture:

Understanding the dynamics peculiar to the pension funds management industry necessitated a tailored security strategy that specifically fits the business needs. Hence, Reliance Infosystems employed a detailed assessment of Radix’s overall security infrastructure. This provided a comprehensive roadmap and implementation process which prioritized rigorous configuration and continuous monitoring, ensuring a stronger and more resilient defense against cyber threats.

The Way Ahead

Recognizing the urgent need to safeguard their infrastructure and ensure the security of their clients’ sensitive information, Radix Pension Managers decided to adopt a robust cybersecurity solution. The pivotal moment came when they chose to implement Sophos Endpoint Protection, aiming to reinforce their security posture and prevent further breaches.

Ready to transform your cybersecurity infrastructure like Radix Pension Managers Limited? Discover how our solutions can safeguard your business and drive operational efficiency. Contact us today to learn more.

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