India's largest platform and marketplace for GCCs, AI & Analytics leaders & professionals

Sign in

India's largest platform and marketplace for GCCs, AI & Analytics leaders & professionals

3AI Digital Library

Sebi is setting up a Cybersecurity Fusion Centre

3AI February 16, 2021

Establishing a cybersecurity fusion centre or a cyber lab is part of Sebi’s three-tier structure for monitoring cybersecurity-related events in the securities markets.

.

NEW DELHI: Markets regulator Sebi is in the process of setting up a cybersecurity fusion centre, a move aimed at detecting cyber threats faster and resolve such incidents efficiently and effectively.

In its annual report for 2019-20, Sebi noted that cyber attacks and threats attempt to compromise the confidentiality, integrity and availability of the computer systems, networks and databases in the markets ecosystem.

Establishing a cybersecurity fusion centre or a cyber lab is part of Sebi’s three-tier structure for monitoring cybersecurity-related events in the securities markets and taking actions as deemed necessary in the interest of protection of the securities market.

The three-tier structure would strengthen the cybersecurity preparedness or resilience of the entire securities market ecosystem.

Under the tier-1, high-powered steering committee on cybersecurity chaired by a whole-time member of Sebi has been set up and a cybersecurity fusion centre would be established under the tier-2, the regulator said.

 

In the tier-3, division of technology and cybersecurity on Sebi would coordinate with the steering committee, cyber security lab security and operations centres at the respective market infrastructure institutions (MIIs).

 

“Tier-1 and tier-3 have been set up and Sebi is in the process of setting up a Sebi cybersecurity fusion centre,” according to the annual report.

Generally, cybersecurity fusion centres establish cooperation among all the teams involved in cybersecurity to minimise the impact of security breach through faster detection and response.

Cyber resilience is an organisation’s ability to prepare and respond to a cyber attack and to continue operations during, and recover from, a cyber attack.

Picture from freepik.co

    3AI Trending Articles

  • Facebook is testing an AI-powered tool to Summarize News

    Facebook has been trying to get a foothold in the news space for many years. Last year, the company launched a dedicated section on its site called Facebook News for users in the US. It also wants to expand this program to other countries such as Brazil, Germany, and India. According to a report from […]

  • IIT Delhi Offers Free Online Course on AI

    IIT Delhi is offering a free online 12-week programme on Artificial Intelligence with a certificate on completion. Indian Institute of Technology (IIT) Delhi is inviting registrations from those who would like to enrol for a 12-week long free online course on Artificial Intelligence. This programme will be offered on the National Programme on Technology Enhanced […]

  • Give AI a ‘positive’ spin: Google tells its scientists

    Google has reportedly been telling its scientists to give AI a “positive” spin in research papers. Documents obtained by Reuters suggest that, in at least three cases, Google’s researchers were requested to refrain from being critical of AI technology. A “sensitive topics” review was established by Google earlier this year to catch papers which cast a negative […]

  • Salesforce embraces the public cloud with Hyperforce

    Salesforce is letting CIOs choose where they run its software, easing compliance with data protection and data sovereignty laws. Salesforce.com President and COO Bret Taylor believes the SaaS vendor has made “probably the most significant technological shift” since its CRM platform first launched 21 years ago. But Taylor wasn’t talking about the company’s agreement to acquire […]