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Sebi to beef up cyber security framework
While Sebi has already asked the stock exchanges and other market entities to put in place the necessary framework to safeguard their systems, networks and databases from cyber attacks, the regulator is now looking at ways to further strengthen these mechanisms, a senior official said.
Mumbai: To protect securities markets from cyber threats, the Securities and Exchange Board of India Sebi is looking to further beef up its policy framework on this front and plans to appoint a Chief IT Security Officer to head these initiatives.
While Sebi has already asked the stock exchanges and other market entities to put in place the necessary framework to safeguard their systems, networks and databases from cyber attacks, the regulator is now looking at ways to further strengthen these mechanisms, a senior official said.
Sebi will appoint a Chief ITSecurity Officer, who will be responsible for strengthening its regulatory policy framework in the area of cyber security. The officer would oversee the implementation of these regulatory policies across the security markets and also help enhance capacity building at Sebi and various market participants.
