SEBI asks exchanges to keep constant vigil on cyber threats

SEBI (Securities and Exchange Board of India) will undertake a comprehensive review of technology and systems at all market institutions, including stock exchanges, to safeguard the marketplace from cyber threats and technical glitches.

SEBI Chief Ajay Tyagi said this at a meeting held against the backdrop of the recent case of technical glitch at leading bourse National Stock Exchange and a spate of suspected cyber attack cases globally, including in India.

Due to the glitch at NSE, the trading had to be halted for over three hours.

The market regulator has also asked exchanges and other institutions to keep a constant vigil on cyber threats globally and take lessons to put in place necessary safeguards.

It said, there should be a prompt and diligent reporting of any technical issues, including cyber attacks, to relevant agencies including Computer Emergency Response Team-India (CERT-In) and SEBI.

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