Industry
Finance, Asset Management
Employees
300-500
Region
Asia Pacific, India
IT Environment
Hybrid (on-premises and cloud)
Solutions
THE CHALLENGE
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.
As one of India’s premier asset management organisations, LIC Mutual Fund has spent three decades building trust while protecting 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 organisation’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 ever-dynamic 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 platform-based approach,” explains Prashant Thakkar, Chief of Operations & Technology Officer at LIC Mutual Fund.
"Any disruption or downtime can have severe and far‑reaching consequences. This drove our decision to implement a platform-based approach."
THE SOLUTION
LIC Mutual Fund and TrendAI™ share more than a decade‑long partnership, along with a commitment to innovation and respective industry leadership. “What stands out about our decade-plus relationship with TrendAI™ 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.
The versatility of TrendAI™ in supporting on-premises, hybrid, and cloud environments proved invaluable as LIC Mutual Fund navigated its digital transformation. Positive experiences with solutions reinforced their trust, such as strategic investment in Indian data centers for hosting cloud solutions. This helped LIC Mutual Fund navigate the post-COVID-19 business landscape while maintaining regulatory compliance.
LIC Mutual Fund chose TrendAI Vision One™ for comprehensive threat detection, prevention, and response across multiple security layers. The industry-leading AI security platform integrates powerful solutions and capabilities, including for endpoint and server protection to facilitate defence against sophisticated attacks. This helps the LIC Mutual fund team stay ahead of evolving threats and vulnerabilities, including those driven by AI.
TrendAI Vision One™ Email and Collaboration Security protects against phishing attempts, malware, and ransomware, while TrendAI Vision One™ Network Security is maintained through 360-degree monitoring that analyzes numerous protocols. These solutions help the team visualise advanced threats and eliminate risk.
In addition, through TrendAI Vision One™ Services – Managed Detection and Response (MDR), LIC Mutual Fund benefits from continuous monitoring and faster incident response. This empowers their internal teams to focus on strategic security priorities.
What stands out is TrendAI™’s consistent ability to innovate and deliver relevant product/services to support our evolving IT environment while ensuring we meet stringent regulatory requirements.”
Chief of Operations and Technology Officer, LIC Mutual Fund
Prashant Thakkar
RESULTS
For LIC Mutual Fund, TrendAI Vision One™ enables comprehensive attack surface visibility, delivering real-time insights into inter-related security incidents for enhanced investigation. Customisable dashboards proved instrumental in streamlining compliance and efficiently addressing various regulatory requirements.
“The TrendAI™ platform-based approach, complemented by their managed security services, has significantly enhanced our cybersecurity strategy,” says Thakkar. “It has helped strengthen our security posture while simplifying our operations.”
LIC Mutual Fund is set to elevate its security posture by transitioning from a reactive to a proactive, risk-based cybersecurity approach. The organisation strives to maintain full visibility into potential threats and vulnerabilities across their digital ecosystem. This strategic shift will enable LIC Mutual Fund to assess and prioritise 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 adds. “With TrendAI™, 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.”
"Additionally, the team was able to integrate seamlessly with their existing security infrastructure through built-in ready connectors, strengthening their overall cybersecurity framework."
Prashant Thakkar
Chief of Operations & Technology Officer at LIC Mutual Fund
ABOUT TRENDAI™
TrendAI™, a business unit of Trend Micro and global AI security leader, makes the world safer for digital information exchange across enterprises, governments, and organisations. Powered by security expertise and innovation, TrendAI™ leverages artificial intelligence to protect over 500,000 enterprises and millions of individuals across AI, cloud, networks, endpoints, and devices. AI Fearlessly. TrendMicro.com
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