BSE and Network Intelligence sign MoU to offer cybersecurity services to its members

BSE & Network Intelligence have signed a Memorandum of Understanding (MoU) to offer cybersecurity services to its members with regards to the cybersecurity framework set by SEBI.

The services which Network Intelligence will provide to the members include: 

• SOC Monitoring & Incident Response Governance
• Network & Data Security
• Application Security
• Training & Education
• Periodic Audits

As part of the MoU, Network Intelligence will be using its own developed platform - BlueScope to offer 24x7 monitoring to the members. Further, Network Intelligence will be using leading technology solutions to provide other services including VAPT, Asset Management, Endpoint Security, Network Security, etc. All the activities will be conducted from its state-of-the-art Next-Gen Cyber Security Operations Center (CSOC) based in Mumbai.

Ashish Chauhan, CEO, BSE, said, “With an evolving array of potential cyber-attacks, it has become essential to have robust cyber security in place and safeguard the interests of our stock brokers. Even a minor cyber security breach could have massive economic and financial consequences. By associating with Network Intelligence, having more than 17 years experience in this industry and are leaders in cyber security services and solutions, we aim to strengthen the cyber security framework, tackle all the challenges pertaining to capital markets ecosystem and adhere to SEBI's guidelines to protect the integrity of data and guard against breaches of privacy.” 

“BFSI industry is the backbone of our economy. We welcome the steps taken by SEBI & BSE in addressing the need to protect the entire eco-system against the ever increasing cyber threat landscape,” said K K Mookhey, Founder & CEO of Network Intelligence, “BFSI customers contribute to more than 60% of our business. We are well versed with the setup and understand what needs to be done. Off late, we have seen a lot of targeted attacks in this vertical. Our partnership with BSE, will enable us to play an important part in providing specialized cybersecurity monitoring, detection and incident response capabilities to its members.” 

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