CDSL malware attack hits broking ops; Sebi, Cert-in to probe incident

Brokering industry players said the disruption caused by the malware attack could have been more adverse if not for the weekend

cyber attack

Cyber security experts and audit firms said that post-Covid-19, incidents of cyber security breaches have increased manifold and many companies were now getting quarterly cyber audits

Khushboo Tiwari Mumbai
Trade-related activity and back-end operations at brokerages were disrupted due to a malware attack at the country’s largest depository, Central Depository Services (India) (CDSL).

Several brokerages informed their clients about disruptions in timelines as CDSL “isolated the machines and disconnected itself from other constituents of the capital market”.

“Pledge and unpledge requests are not processed today (Friday). These requests will be processed on Monday, 21st November 2022. Gift requests are not processed, and clients can reinitiate gift requests on Monday (November 21). The settlement process also could be delayed. Mutual fund redemptions on Coin may also be affected. The holdings

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First Published: Nov 20 2022 | 7:54 PM IST

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