Media Release
BSE in association with SEBI and Maharashtra Cyber organises Cyber Security Conference
Mumbai: January 10, 2020: The growing cyber footprint in the country has led to an increase in cyberattacks and associated risks. In order to curb the growth of these potential threats as well as to raise awareness of the growing threat of cybercrime, BSE in association with SEBI and Maharashtra Cyber organised ‘Cyber Security Conference’ on Friday, January 10, 2020 at the BSE International Convention Hall, Mumbai.
Shri Sanjay Bahl, DG, CERT-IN, Shri Ajeet Bajpai, Chairman, NCIIPC, Shri Brijesh Singh, IPS, Spl. IGP Cyber, Smt. Rama Vedashree, CEO DSCI were present for the keynote address. Shri S K Mohanty, Whole-time Member SEBI, was the chief guest for the event.
On Dec 3, 2018, SEBI had released Cyber Security & Cyber Resilience framework for Stock Brokers and Depository Participants for which registered brokers were required to comply with the policies to ensure a secure trading ecosystem in terms of people, process and technology. The Cyber Security conference has been held in this regard to help market participants and investors understand how cyber security can help protect market data from theft, spywares, hacks and other unwanted programs.
Delivering the welcome speech, Shri Ashishkumar Chauhan, MD & CEO, BSE said, “The government’s focus on Digital India has enormous influence on the way business is done here. Over the past decade, the financial sector has changed considerably and has been able to make use of new information technologies. While several new technologies such as mobile trading and algorithmic trading have made capital markets faster and cheaper, it has also made it riskier. The capital markets ecosystem include individual investors, common citizens and building a robust cyber infrastructure has become a prerogative for the players in the capital markets. We are extremely thankful to SEBI, especially Shri Ajay Tyagi, who proactively designed a cyber security framework protecting the interest of investors.”
The conference saw discussions on various developments and nuances in the area of cyber risk and data privacy for stakeholders in the capital markets. The conference saw speakers and audience members from Securities and Exchange Board of India (SEBI) National Critical Information Infrastructure Protection Centre (NCIIPC), Maharashtra Police (Cyber Cell), National Cyber Security Coordinator (NCSC), Exchanges, Clearing Corporations, Market Infrastructure Institutions (MII), intermediaries like Brokers and Depository participants. Shri Harish Baijal, DIG Cyber and Shri Balsingh Rajput, SP Cyber shed light on ‘Fighting Cyber Crime and also discussed Cyber Crime Case studies by Maharashtra Cyber with the audience.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds & Turmeric .
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investors Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
Media Contact:
Yatin Padia / Rahul Vyas / Shruti Nitesh
022 2272 8516 / 2272 8472 / 8108000974
Yatin.padia@bseindia.com / Rahul.vyas@indiainx.com / shruti.nitesh@adfactorspr.com