To identify and deal with threats in cyber space, top stock exchange BSE today launched a Next Generation Cyber Security Operations Centre at its premises.
To identify and deal with threats in cyber space, top stock exchange BSE today launched a Next Generation Cyber Security Operations Centre at its premises. The objective of the centre, which consists of over 20 advanced cyber security solutions, is to counter advanced, sophisticated and persistent cyber threats to the exchange. “Our new Security Operations Centre (SOC) will not only help the BSE to keep up with the latest threat intelligence and but also leverage this information to improve internal detection (of security threats),” BSE’s managing director and CEO Ashishkumar Chauhan said here at the launch of the centre. “The USP of the cyber SOC is to encompass and ward off potential attacks and be able to respond accurately. Hence, we have heavily invested in cutting edge security architecture,” he said.
Besides the cyber security centre, the BSE is also investing in anti-advance persistent threat capability, deception technology and forensic capabilities, among others. Noting that cyber security solutions deployed by the SOC are in line with the stringent policies and processes of the BSE, Chauhan also said that by using advanced security analytics, the exchange is now able to act on threats instantly as the data visibility is in real time.
“The prime focus for us is now on developing security strategy, designing security architecture, implementing protective measures and the ongoing, operational component of information security,” Chauhan said. “Cyber security will remain in focus for us constantly, so that we bring it at par with what is happening, bring in the latest technologies and work with all the government agencies to ensure that the critical national infrastructures are secured, especially in capital markets area,” he added.
Gulshan Rai, who is national cyber security coordinator at the Prime Minister’s Office, said at the event that cyber security in the domestic stock markets is crucial and the government is working closely with regulator Sebi to strengthen the policy in this regard.