Leading stock exchange BSE on Wednesday signed an agreement with Indian Institute of Technology (IIT) Kanpur for collaboration in the areas including cyber security.
The key highlights of the MoU include cooperation for cyber security research in financial markets, developing an environment to deal with cyber security challenges and tools to strengthen cyber security as also to advise BSE in its cyber related issues.
“BSE has entered into a Memorandum of Understanding (MoU) with the renowned Indian Institute of Technology, Kanpur,” the exchange said in a release.
Among others, the institute will assist BSE in testing its vulnerabilities in IT system and network and help forming guidelines and auditing security operations.
“BSE has an onus to create comprehensive robust and resilient cyber security framework. IIT Kanpur is India’s leading academic institute in computer science. A research tie-up with them will enhance the academic-corporate collaboration,” Ashish kumar Chauhan, MD and CEO of BSE said.
“I hope this research tie-up will yield excellent results for Indian financial system in cyber security hence I invite other financial institutions to join this research initiative to make it more comprehensive and effective,” he added.