KRAs to report cyber attacks within six hours of detecting them: SEBI

The incident will also be reported to the Indian Computer Emergency Response team in accordance with the guidelines issued by CERT-In from time to time, according to a circular.

July 06, 2022 05:50 pm | Updated 05:50 pm IST - New Delhi

Representational image only.

Representational image only. | Photo Credit: Reuters

Capital markets regulator Securities and Exchange Board of India (SEBI) has asked the KYC Registration Agencies (KRAs) to report all cyber attacks, threats and breaches experienced by them within six hours of detecting such incidents.

The incident will also be reported to the Indian Computer Emergency Response team (CERT-In) in accordance with the guidelines issued by CERT-In from time to time, according to a circular.

Additionally, the KRAs, whose systems have been identified as 'protected system' by National Critical Information Infrastructure Protection Centre (NCIIPC) will also report such incidents to NCIIPC.

"All cyber attacks, threats, cyber incidents and breaches experienced by KRAs shall be reported to SEBi within six hours of noticing/detecting such incidents or being brought to notice about such incidents," the regulator said on July 5.

The quarterly reports containing information on cyber attacks, threats, cyber incidents and breaches experienced by the stock brokers and depository participants and measures taken to mitigate the vulnerabilities, including information on bugs vulnerabilities, threats that may be useful for others, will have to be submitted to Sebi within 15 days from the end of every quarter.

This information will be shared to the SEBI through a dedicated e-mail id. Last month, the regulator came out with a similar directive for stock brokers and depository participants.

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