NSE FutureTech 2018: New world of Cyber Security
National Stock Exchange of India Ltd. ( NSE), India’s leading stock exchange recently organised the NSE Future Tech 2018, which brought together the global and local opinion makers into a conversation about the technology, its ramifications and the extent to which cybersecurity threats are a reality in today’s world. On the backdrop of a new dimension of privacy and compliance now coming to the fore, the cybersecurity experts emphasised initiating steps to help mitigate the subsequent risk arising out of these sensitive threats.
Collective and well- collaborated effort by strongly Interlinked Capital Market Eco- system, comprising of Exchange platforms, the Trading, Depository and Clearing Members, and striking a fine balance in financial costs to successfully thwart them, in an era of data privacy and compliance, have emerged as the key twin challenges before the cybersecurity practitioners across the globe, in mitigating cybersecurity threats.
It is in this context that the Capital Market eco- system is considered as one of the important segment in the National Critical Infrastructure ( NCI) of any economy and rendering it vulnerable and susceptible to cyber breaches or security threats would damage and impair the economic and social fabric of the nations.
A typical exchange platform today has a fully- integrated capital market infrastructure comprising listings, trading, clearing and settlement, indices, market data feeds, technology solutions and financial education offerings getting impacted by the cyber attack would potentially upset the financial, economic and even social fabric of countries. Cybersecurity practitioners discussed the ramifications of the possible cybersecurity attacks.