Free Press Journal

Sebi looks to expand scope of cybersecurity initiatives for MIIs


New Delhi : Regulator Sebi is planning to broaden the scope of cybersecurity initiatives for the market infrastructure institutions (MIIs) and look into the operational modalities of their implementation in order to deal with the cyber challenges.

Enhancement of cybersecurity has been one of the priorities of the Sebi during the financial year 2017-18.

“Taking cognizance of the threat posed by technological developments in the Indian capital markets and the rise of cyber threats in the financial domain across the globe, Sebi had laid down a detailed framework with regard to cyber security and cyber resilience that stock exchanges, clearing corporations and depositories are required to adopt,” the regulator said in its annual report for 2017-18.

Additionally, a high powered steering committee on cybersecurity was constituted which was chaired by a Whole Time Member of Sebi and created a cybersecurity cell to actively address cybersecurity issues.