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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Advisory for SEBI Regulated Entities (REs) regarding Cybersecurity best practices

22-Feb-2023 | SEBI/HO/ITD/ITD_VAPT/P/CIR/2023/032

The Securities and Exchange Board of India has issued a circular advising all the SEBI Regulated Entities (REs) to implement the following practices as recommended by Computer Security Incident Response Team (CSIRT), effective from 22 February 2023. By virtue of this circular, the compliance of the advisory shall be provided by the REs along with their cybersecurity audit report (conducted as per the applicable SEBI Cybersecurity and Cyber Resilience framework) and it shall be submitted as per the existing reporting mechanism and frequency of the respective cybersecurity audit. Further, the essential components of the advisory has been given below: 1. Roles and Responsibilities of Chief Information Security Officer (CISO)/ Designated Officer 2. Measures against Phishing attacks/ websites 3. Patch Management and Vulnerability Assessment and Penetration Testing (VAPT) 4. Measures for Data Protection and Data breach 5. Log retention 6. Password Policy/ Authentication Mechanisms 7. Privilege Management 8. Cybersecurity Controls 9. Security of Cloud Services 10. Implementation of CERT-In/ CSIRT-Fin Advisories 11. Concentration Risk on Outsourced Agencies 12. Audit and ISO Certification

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