Amid increasing cybersecurity threats to the securities market, the Securities and Exchange Board of India (Sebi) on Wednesday issued an advisory for stock exchanges, depositories and other regulated entities asking them to define roles and responsibilities of chief information security officer and other senior personnel.
“An efficient and effective response to and recovery from a cyber-incident by Regulated Entities (REs) are essential to limit any related financial stability risks. For ensuring the same, the Financial Computer Security Incident Response Team (CSIRT-Fin) has provided important recommendations in its report sent to SEBI,” the advisory stated.
It asked them to clearly specify the reporting and compliance requirements in the security policy.
Sebi REs have been advised to implement these cybersecurity practices as recommended by CSIRT-Fin.
The REs have been asked to proactively monitor the cyberspace to identify phishing websites and report the same to CSIRT-Fin.
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