BSE, NSE readying mechanism to mitigate cyber attack risks: Sebi chief

BENGALURU: A mechanism is being put in place in the National Stock Exchange and the Bombay Stock Exchange to mitigate the risks of cyber attacks, with the new system expected to go live in March next year, Sebi chairperson Madhabi Puri Buch said on Friday.

Everyone is worried about cyber security, and want to ensure that stock exchanges and depositories in the country have good disaster recovery (DR) plans in place, she said.

Buch noted that standard archetypal disaster recover plans only account for location downtime and hardware and network breakdowns, and not software breakdown and contamination.