NE BUSINESS BUREAU
MUMBAI, JAN 11
Aiming order to prevent cyberattacks as well as raise awareness among investors about the challenges posed by such threats, BSE, in association with markets regulator Sebi and Maharashtra Cyber, on Friday organised a conference on the issue.
The conference was held to help market participants and investors understand how cyber security can help protect market data from theft, spywares, hacks and other unwanted programs, a BSE release said.
Sanjay Bahl, DG, CERT-IN, Ajeet Bajpai, Chairman, NCIIPC, Brijesh Singh, IPS, Spl.IGP Cyber, Rama Vedashree, CEO DSCI were present for the keynote address. S K Mohanty, Whole-time Member SEBI, was the chief guest for the event.
In December 2018, Sebi had come out with a framework on cyber security & cyber resilience for stock brokers and depository participants for which registered brokers were required to comply with the policies to ensure a secure trading ecosystem in terms of people, process and technology.
Delivering the welcome speech, Ashishkumar Chauhan, MD & CEO, BSE said, “The government’s focus on Digital India has enormous influence on the way business is done here. Over the past decade, the financial sector has changed considerably and has been able to make use of new information technologies. While several new technologies such as mobile trading and algorithmic trading have made capital markets faster and cheaper, it has also made it riskier. The capital markets ecosystem include individual investors, common citizens and building a robust cyber infrastructure has become a prerogative for the players in the capital markets. We are extremely thankful to SEBI, especially Shri. Ajay Tyagi, who proactively designed a cyber security framework protecting the interest of investors.”
The conference saw discussions on various developments and nuances in the area of cyber risk and data privacy for stakeholders in the capital markets. The conference saw speakers and audience members from Securities and Exchange Board of India (SEBI) National Critical Information Infrastructure Protection Centre (NCIIPC), Maharashtra Police (Cyber Cell), National Cyber Security Coordinator (NCSC), Exchanges, Clearing Corporations, Market Infrastructure Institutions (MII), intermediaries like Brokers and Depository participants. Harish Baijal, DIG Cyber and Balsingh Rajput, SP Cyber shed light on ‘Fighting Cyber Crime and also discussed Cyber Crime Case studies by MH-Cyber with the audience.
