Cybersecurity management is a continuous process: Ajay Tyagi

The chairman of Securities and Exchange Board of India (SEBI) Ajay Tyagi shared his opinion that cyber security management is not a one-time event but a continuous process, while speaking at the inauguration of joint certification course in Cyber Security Foundation by NISM, CERT-In and C-DAC.

He further said that SEBI has been constantly stepping up its cyber security efforts both internally as well as externally. There is a shift of increase in use of technology in different spheres of life in the last few years, especially after the beginning of the pandemic.

He also highlighted the continuous efforts of SEBI's cyber security related to market infrastructure institutions, intermediaries, mutual funds and its internal measures.

The cyber security certification course will help in understanding Cyber Security Framework based on identification, creation, detection, responding and recovery. This course with features like self-paced e-learning, proctored test and affordable fee structure will uplift the stakeholders in securities markets to learn and be aware of cyber security issues, Tyagi said, casting light on the importance of cybersecurity.

For liaisons and mutual funds, he said that while technology failure in any individual intermediary may not have system-wide impact, unlike in market infrastructure institutions, the intermediaries are crucial from the perspective of protection of data including client data.

Moreover, Tyagi said Sebi has remarkably augmented its own cyber security capability with several measures, including formation of a Cyber Security Operations Centre which examines and protects enterprise-wide information technology systems.