How Techdefence helped Stock Brokers with Cyber compliance?

Let’s understand these guidelines and how Techdefence played its role in assisting these businesses to be secured whilst complying with the regulations.

What?

SEBI has issued guidelines on cyber security, aiming to protect businesses dealing with Financial Securities, Venture Capital, Stock Exchange, Mutual funds, or other financial asset management activities, from potential cyber threats. The guidelines are designed to ensure that financial institutions and other stakeholders are prepared to respond quickly and effectively to cyber-attacks.

SBI has also made it mandatory for financial institutions to report any cyber-attacks to the National Cyber Security Coordinator (NCSC). This allows the NCSC to take necessary steps to mitigate any potential damage or risk.

How?

These guidelines includes a range of measures to help protect information systems and data from cyber-attacks, including risk-based controls, incident response and reporting, security awareness and training, and penetration testing. The guidelines also require financial institutions to develop and maintain a cyber security policy and framework, which includes standards for physical, logical and personnel security. Additionally, the guidelines require organizations to conduct regular risk assessments and vulnerability scans, to ensure that their systems are secure.

In addition to these measures, SEBI has also created a Cyber Security Cell (CSC) to ensure that the financial sector is secure. The CSC works with the SEBI board, market intermediaries and other stakeholders to ensure that cyber security measures are in place and regularly monitored.

Ultimately, SEBI's efforts are designed to ensure that the financial sector is secure, and that investors and other stakeholders are protected from cyber threats. By implementing these guidelines and measures, SEBI is helping to create a secure environment for the financial sector.

Role Played by Techdefence:

At TechDefence, we are proud to have helped more than 100 Stock Brokerage firms meet their cyber audits. Our team of dedicated professionals have provided the highest quality services to ensure that these stock brokers have met their regulatory requirements and can continue to operate without interruption.

We understand the importance of a secure financial system and the need for stock brokers to keep up with the latest cyber security trends and regulations. That’s why we offer a comprehensive suite of cybersecurity services, including penetration testing, vulnerability scanning, threat intelligence, and compliance assurance as per SEBI, NSDL, NSE, BSE & MCX guidelines. Our team also helped them identify and address any gaps in their cybersecurity posture, ensuring that they remain in compliance with the latest regulations.

We also provided with the tools to proactively monitor and manage their cybersecurity systems. We offered a range of monitoring and alerting services, as well as advanced security analytics, to ensure that the potential threats are identified and addressed in a timely manner. We took an extra step to even provide education and training services, enabling the stock brokers to stay up to date on the latest trends and best practices in cybersecurity.

At TechDefence, we believe that every organization should have access to the best possible security solutions with the required skilled resources to manage the security operations and comply with respective regulatory bodies.

We are flexible and adaptable to offer the cybersecurity services as per the regulations guidelines/frameworks set by the regulators from your industry.