SEBI's Cyber-Suraksha.ai: Tackling AI Cyber Threats

The Securities and Exchange Board of India, or SEBI, has created a new task force called cyber-suraksha.ai. This group will focus on cybersecurity risks that come from advances in artificial intelligence. SEBI notes that AI tools, while helpful, could also make it easier to find and exploit system weaknesses. The securities market is interconnected, so a coordinated approach is needed to manage vulnerabilities, share information, and monitor for cyber incidents. The new task force includes representatives from market infrastructure institutions, regulated entities, and other stakeholders. Its goal is to assess AI-related cyber risks, create mitigation strategies, and share threat intelligence. Following a meeting, SEBI issued an advisory for regulated entities. This includes patching systems, conducting regular vulnerability assessments, and strengthening vendor risk management. Entities are also urged to use the Market-SOC platform for real-time threat detection. This initiative aims to protect the financial market from new and evolving cyber threats.