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Sebi brings guidelines to boost cyber security framework for exchanges
Capital markets regulator Sebi on Tuesday came out with guidelines to strengthen the existing cyber security and cyber resilience framework for stock exchanges and other market infrastructure institutions (MIIs).
The new guidelines will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
"Considering the interconnectedness and interdependency of the MIIs to carry out their functions, the cyber risk of any given MII is no longer limited to the MII's owned or controlled systems, networks, and assets," Sebi said.
Accordingly, the regulator came out with guidelines to strengthen the existing framework for MIIs -- stock exchanges, clearing corporations, and repositories.
Under the guidelines, MIIs will have to maintain offline, encrypted backups of data and regularly test these backups at least every quarter to ensure confidentiality, integrity, and availability.
Further, they should explore the possibility of retaining spare ...