Sebi beefs up cybersecurity measures for regulated intermediaries

Sebi has also advised the entities to encrypt sensitive and personally identifiable information (PII) data, specifically in transit, to protect its access from any attacker

The Securities and Exchange Board of India (Sebi) has issued additional safeguards for regulated intermediaries such as stock exchanges, depositories, and mutual funds to enhance its cybersecurity policy.

In an advisory issued on Wednesday, the regulator has advised the regulated entities to define roles and responsibilities of chief information security officer (CISO) along with specified security policy.

These entities have been asked to prepare a detailed incident response plan, enforce data protection and recovery processes. Furthermore, they have been asked to take steps to prevent any data leak from cloud services, do security audit and vulnerability testing, and devise awareness