Network Intelligence Signs Partnership With BSE to Provide Security Services to its Members Under the SEBI Cybersecurity Guidelines

/ -- BSE, India's largest stock exchange & Network Intelligence, a global cybersecurity services provider & CERT-IN empanelled vendor, entered into a Memorandum of Understanding (MoU) on 15th April,2019, to provide cybersecurity services to its members in line with the cybersecurity framework set by SEBI.

In late 2018, SEBI had released its 'Cybersecurity & Cyber Resilience framework for Stock Brokers / Depository Participants'. After a detailed assessment and capabilities evaluation by BSE, Network Intelligence was selected as one of its partners to provide these services to its members.

As part of the services, Network Intelligence will provide to the members:
Commenting on the development, Ashish Chauhan, CEO BSE, said, "With an evolving array of potential cyber-attacks, it has become essential to have robust cyber security in place and safeguard the interests of our stock brokers. Even a minor cyber security breach could have massive economic and financial consequences. By associating with Network Intelligence, having more than 17 years experience in this industry and are 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."
"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," said K K Mookhey, Founder & CEO of Network Intelligence, "BFSI customers contribute to more than 60% of our business. We are well versed with the setup and understand what needs to be done. Off 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 cybersecurity monitoring, detection and incident response capabilities to its members."
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