Sebi to expand scope of cybersecurity initiatives for MIIs

[Aug 20, 2018]

Regulator Sebi (The Securities and Exchange Board of India) 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.

The regulator has also advised MIIs to conduct a half yearly comprehensive review of cybersecurity.

It aims to check the level and adequacy of the controls put in place by the MII to comply with the various circulars and advisories issued by Sebi pertaining to cybersecurity along with the safeguards put in place by them to mitigate the cyberthreat vectors and cyberattack scenarios.

Besides, a cyber-capability index is being developed to assess the cybersecurity preparedness and resilience of the MIIs to ascertain their level of preparedness.


 

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