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

Sign in

⁠India’s largest platform & marketplace for AI & GCC 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

  • Mirae Asset Launches $35 Mn Early Stage Fund For India

    The Mirae Asset Venture Opportunities Fund will have an average ticket size of $2 Mn – $4 Mn The early stage fund will back up the Mirae Asset-Naver Asia Growth Fund, which was launched in 2018 Besides its new early stage fund, Mirae Asset has invested in Ola, Bigbasket, Zomato, Shadowfax and other Indian startups […]

  • SEBA Bank Fundraising Fuels Growth For Providing Smart Banking

      FINMA licenced Swiss Seba Bank – who already provide a seamless, secure and easy-to-use bridge between digital and traditional assets – approved the completion of its Series B capital increase at its Extraordinary General Meeting today. SEBA Bank is primed to fuel and accelerate its growth strategy according to the team. Guido Bühler, CEO […]

  • Mental Health Startup Wysa backed by Google In Series A Round

    Wysa is artificial intelligence (AI)-driven virtual coach that combines empathetic listening with evidence-based therapeutic techniques Bengaluru-based mental health startup Wysa is looking to raise funds from Google, the company’s filings with the ministry of corporate affairs (MCA) confirm.  The filings, which contain Wysa parent Touchkin Eservices Private Limited’s articles of association (AOA), read, ‘“Series A1 […]

  • Application of Reinforcement Learning in Supply Chain

    Author: Anindya Bera, Senior Manager – Anaytics, Genpact A supply chain is a complex network of individuals and agents who exchange materials or information in a business ecosystem. The items which are used on day-to-day basis are created by a global collaboration between suppliers, manufacturers, and logistics carriers. What makes this complex? It is the […]