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SEBI's New Cybersecurity Mandate
Stay compliant and protect your assets with iValue’s comprehensive solutions
SEBI CSCRF Overview
The Securities and Exchange Board of India (SEBI) has introduced stringent cybersecurity guidelines to safeguard the financial market. As a SEBI-regulated entity, you need to comply with these new standards. iValue Group is here to guide you through this complex landscape with our expert solutions and support.
The SEBI Cybersecurity and Cyber Resilience Framework (CSCRF) mandates rigorous cybersecurity requirements for all regulated entities (REs):
- Mandatory Security Operations Centre (SOC) implementation
- Regular Vulnerability Assessment and Penetration Testing (VAPT)
- Secure Software Development Life Cycle (SSDLC) adherence
- Data protection and encryption measures
- Cyber Capability Index (CCI) assessments
iValue Comprehensive Solutions
iValue offers comprehensive solutions to help you meet SEBI’s CSCRF requirements:
- SOC implementation and management services
- VAPT services and reporting
- SSDLC consulting and tools
- SBOM generation and management solutions
- Advanced data protection and encryption tools
- Audit preparation and support services
- CCI assessment and improvement consulting
Our team of experts can guide you through the entire compliance process, from initial assessment to ongoing maintenance and improvement of your cybersecurity posture.
Risk Assessment Tools
Leverage industry-leading tools like Nessus and Tenable for continuous risk assessments and vulnerability scans.
SOC Implementation
Establish a robust Security Operations Centre with SIEM solutions like Splunk or Google Chronicle, and SOAR platforms such as Splunk Phantom or Google Siemplify.
Data Protection and Encryption
Implement full-disk and file-based encryption using solutions from Thales, Entrust, and Fortanix. Enhance data security with Forcepoint DLP and key management systems.
Identity and Access Management (IAM)
Secure access with multi-factor authentication (MFA) solutions like Yubikey and RSA SecurID. Implement Privileged Access Management (PAM) with CyberArk.
Endpoint and Network Security
Protect endpoints with SentinelOne and implement network segmentation using Cisco ACI or VMware NSX. Deploy Web Application Firewalls (WAF) from Imperva or Cloudflare.
Compliance Reporting and Auditing
Streamline compliance activities with ServiceNow GRC. Generate comprehensive reports to track adherence to SEBI guidelines.
Cyber Capability Index (CCI) Assessment
Measure your cybersecurity capabilities across 23 parameters. We assist in both third-party assessments for MIIs and annual self-assessments for Qualified REs.
Continuous Improvement: The Key to Lasting Cybersecurity Resilience
In a rapidly changing cyber threat landscape, meeting SEBI CSCRF compliance is only the starting point. True cybersecurity resilience requires an ongoing commitment to improvement. Our solutions enable your organization to stay ahead of emerging threats while continually strengthening your security posture.
Comprehensive Training and Awareness Programs
Empower your first line of defense, your employees, with cutting-edge security awareness platforms:
- Deploy KnowBe4 or Progist to deliver engaging, interactive cybersecurity training
- Conduct regular phishing simulations to test and improve employee vigilance
- Foster a culture of cybersecurity awareness across all levels of your organization
Proactive Vulnerability Management
Stay one step ahead of potential threats with our robust vulnerability management solutions:
- Leverage Tenable's industry-leading platform for continuous vulnerability assessment
- Prioritize remediation efforts based on real-time threat intelligence
- Automate patch management to swiftly address identified vulnerabilities
Rapid Incident Response and Management
Minimize the impact of security incidents with our advanced incident response tools:
- Implement Google Siemplify for streamlined incident management and orchestration
- Utilize EnCase forensic analysis tools for in-depth incident investigation
- Develop and regularly test incident response playbooks tailored to your organization
Why Choose iValue India?
At iValue India, our team of cybersecurity experts collaborates closely with your organization, employing a multifaceted approach that includes in-depth consultations, interactive sessions, comprehensive analysis of existing protocols, and rigorous technical assessments. This thorough methodology enables us to address your unique cybersecurity challenges effectively. To support your ongoing digital evolution, iValue India brings together a powerful combination of extensive cybersecurity expertise, profound industry knowledge, and a team of highly skilled professionals who deliver both innovative strategies and practical solutions. Our core strengths lie in our ability to not only ensure compliance with regulatory requirements but also to significantly enhance your overall cybersecurity maturity. By leveraging our diverse capabilities, we empower your organization to navigate the complex landscape of cybersecurity with confidence and resilience.
- Comprehensive risk assessment and compliance reporting
- Implementation of cutting-edge SOC tools and technologies
- Robust data protection and encryption solutions
- Advanced identity and access management systems
- Continuous improvement and monitoring services
- Expert guidance on SEBI compliance and cybersecurity best practices
FAQs: SEBI CSCRF and iValue Support
What is SEBI's Cybersecurity and Cyber Resilience Framework (CSCRF)?
SEBI’s CSCRF is a comprehensive set of guidelines designed to strengthen cybersecurity measures across the securities market. It introduces stringent requirements for cybersecurity practices, including mandatory implementation of Security Operations Centers (SOC), regular vulnerability assessments, and robust data protection measures.
Who needs to comply with SEBI's CSCRF?
All SEBI-regulated entities (REs) must comply with the CSCRF. This includes stock brokers, depository participants, custodians, KYC registration agencies, credit rating agencies, qualified registrars, portfolio managers, investment advisors, and other market intermediaries.
What are the key requirements of SEBI's CSCRF?
The key requirements include:
- Implementation of a Security Operations Centre (SOC)
- Regular Vulnerability Assessment and Penetration Testing (VAPT)
- Adherence to Secure Software Development Life Cycle (SSDLC)
- Use of Software Bill of Materials (SBOM)
- Robust data protection and encryption measures
- Regular auditing and compliance checks
- Cyber Capability Index (CCI) assessments
What is a Security Operations Centre (SOC) and why is it mandatory?
A Security Operations Centre (SOC) is a centralized unit that deals with security issues on an organizational and technical level. SEBI mandates SOC implementation to ensure continuous monitoring and real-time threat detection, enhancing the overall cybersecurity posture of regulated entities.
How often should we conduct Vulnerability Assessment and Penetration Testing (VAPT)?
SEBI mandates regular VAPT, especially after significant software releases or upgrades. The exact frequency may vary based on your organization’s risk profile and the nature of changes to your IT infrastructure.
What is a Software Bill of Materials (SBOM) and why is it important?
An SBOM is a formal record containing the details and supply chain relationships of various components used in building software. It’s critical for managing software supply chain risks and ensuring transparency in the software development process.
What is the Cyber Capability Index (CCI)?
The Cyber Capability Index (CCI) is a benchmarking tool used to assess an organization’s cybersecurity resilience. It evaluates various aspects of cybersecurity practices and provides a quantitative measure of an entity’s cybersecurity preparedness.
What are the consequences of non-compliance with SEBI's CSCRF?
Non-compliance with SEBI’s CSCRF can result in regulatory actions, including penalties, suspension of trading activities, or revocation of licenses. Moreover, inadequate cybersecurity measures can lead to data breaches, financial losses, and reputational damage.
How long does it typically take to achieve compliance with SEBI's CSCRF?
The timeline for achieving compliance can vary depending on your organization’s current cybersecurity maturity and the complexity of your IT infrastructure. With iValue’s support, most organizations can achieve significant progress towards compliance within 3-6 months. However, cybersecurity is an ongoing process that requires continuous monitoring and improvement.
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