LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Battle against frauds: This latest BSE move will help investors in secure trading

Sensex benchmark operator BSE has entered into a memorandum of understanding (MoU) with Network Intelligence to provide cyber security services to its members in line with the cyber security framework set by SEBI.   

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Battle against frauds: This latest BSE move will help investors in secure trading
After a detailed assessment and capabilities evaluation by BSE, Network Intelligence India (NII) was selected as one of its partners. Photo: Reuters/PTI/Pixabay
Written By: ZeeBiz WebTeam
Updated: Mon, Apr 15, 2019
04:35 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Anil Singhvi’s Strategy March 4: Day support zone on Nifty is 15,000-15,065 & Bank Nifty is 35,750-35,850 Anil Singhvi’s Strategy March 4: Day support zone on Nifty is 15,000-15,065 & Bank Nifty is 35,750-35,850
Stocks in Focus on March 4: MTAR IPO, IRCON, Adani Ports, IB Housing to Deepak Nitrite; here are the 5 Newsmakers of the Day Stocks in Focus on March 4: MTAR IPO, IRCON, Adani Ports, IB Housing to Deepak Nitrite; here are the 5 Newsmakers of the Day
Anil Singhvi’s Strategy March 3: Day support zone on Nifty is 14,800-14,850 & Bank Nifty is 35,000-35,125 Anil Singhvi’s Strategy March 3: Day support zone on Nifty is 14,800-14,850 & Bank Nifty is 35,000-35,125
Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day
Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000 Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000

Amid the rising fraud practices, major countries have been prepping with various methods to eliminate terror finance. Back in India, considering the stock market is a country in its own with crores of investors buying and selling various schemes and equities, the Bombay Stock Exchange (BSE) has prepared to strengthen cybersecurity norms. Sensex benchmark operator BSE has entered into a memorandum of understanding (MoU) with Network Intelligence to provide cyber security services to its members in line with the cyber security framework set by SEBI.  Network Intelligence is a global cyber security services provider & CERT-IN empanelled vendor. 

Commenting on the latest move, Ashishkumar Chauhan, MD & CEO BSE, said, “Our aim is to safeguard the interests of our stock brokers and ensure robust cyber security is in place. By associating with Network Intelligence, who are the leaders in cyber security services and solutions, we aim to strengthen the cyber security framework, tackle all the challenges pertaining to capital markets ecosystem and adhere to SEBI’s guidelines to protect the integrity of data and guard against breaches of privacy.”

Also, K K Mookhey, Founder & CEO of Network Intelligence said, “BFSI industry is the backbone of our economy. We welcome the steps taken by SEBI & BSE in addressing the need to protect the entire eco-system against the ever-increasing cyber threat landscape. BFSI customers contribute to more than 60% of our business.”

"We are well versed with the setup and understand what needs to be done. Of late, we have seen a lot of targeted attacks in this vertical. Our partnership with BSE, will enable us to play an important part in providing specialized cyber security monitoring, detection and incident response capabilities to its members,” Mookhey added. 

The market watchdog Sebi in late 2018, released new set of guidelines in its Cybersecurity & Cyber Resilience framework for Stock Brokers / Depository Participants”. After a detailed assessment and capabilities evaluation by BSE, Network Intelligence India (NII) was selected as one of its partners to provide these services to its members.

Watch Zee Business TV live streaming video below: 

At BSE, the cyber security service provider  will be using its own developed platform – BlueScope© to offer 24x7 cyber security operations to the members.

Additionally, Network will also be using leading technology solutions to provide other services including VAPT, Asset Management, Endpoint Security, Network Security etc.

All the activities will be conducted from its state-of-the-art Next Gen Cybersecurity Operations Centre (CSOC) based in Mumbai.

Earlier, BSE had associated with John Chambers’ backed Lucideus to secure stock brokers as per SEBI guidelines using SAFE. The SAFE platform integrates with the existing technology stack of an enterprise to provide a real-time cyber risk assessment (a number between 0-5) at a macro level across the organization that can be broken down into micro-level scoring individually for each asset. It considers controls across people, process and technology. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SensexNiftyBSECyber SecuritySebi
RELATED NEWS
Anil Singhvi’s Strategy March 4: Day support zone on Nifty is 15,000-15,065 & Bank Nifty is 35,750-35,850 Anil Singhvi’s Strategy March 4: Day support zone on Nifty is 15,000-15,065 & Bank Nifty is 35,750-35,850
Stocks in Focus on March 4: MTAR IPO, IRCON, Adani Ports, IB Housing to Deepak Nitrite; here are the 5 Newsmakers of the Day Stocks in Focus on March 4: MTAR IPO, IRCON, Adani Ports, IB Housing to Deepak Nitrite; here are the 5 Newsmakers of the Day
Anil Singhvi’s Strategy March 3: Day support zone on Nifty is 14,800-14,850 & Bank Nifty is 35,000-35,125 Anil Singhvi’s Strategy March 3: Day support zone on Nifty is 14,800-14,850 & Bank Nifty is 35,000-35,125
Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day
Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000 Anil Singhvi’s Strategy March 2: Day support zone on Nifty is 14,700-14,750 & Bank Nifty is 34,800-35,000

LATEST NEWS

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

7th Pay Commission Latest News: Central government employees' alert! one mistake could cost you your LTC claim—check report

Delhi to have its own school education board; Arvind Kejriwal says focus will be on providing jobs, proposes this unique exam pattern

ITC Share Price: Experts give 'share to buy' tag; predicts up to 50% profit in three months

Aadhaar card-based driving licence service: Check step by step guide to renew your driving licence online without going to RTO

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

TMC Candidates List 2021 - Names of 291 candidates announced for West Bengal Elections; See Complete List Here

EPF Passbook Balance Check Online: EPFO members can do this via Umang App, SMS, missed call; choose whatever you want

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved