SEBI Chairman Tuhin Kanta Pandey underscores that cybersecurity has evolved into a critical board-level concern, urging careful deployment of artificial intelligence and addressing the future challenges posed by quantum computing in financial markets. Key Points - Cybersecurity is a board-level, business-continuity, market-integrity, and investor-confidence issue, not merely an IT challenge. - Deployment of Artificial Intelligence in critical infrastructure requires proper care, as automation introduces new risks. - AI for cybersecurity must be secure, governed, and accountable to ensure responsible use and mitigate emerging threats. - Quantum computing poses a significant future threat to current cryptographic systems, necessitating 'crypto-agility' and 'quantum readiness' in defence strategies. - SEBI has launched initiatives like the 'Incident Reporting Portal' and 'Cyber Suraksha Portal' to enhance cybersecurity knowledge sharing and incident response in the securities market. Cybersecurity is no longer only an IT-related challenge but also a board-level issue, Sebi Chairman Tuhin Kanta Pandey said on Monday, cautioning that proper care should be taken while deploying artificial intelligence in critical infrastructure. Pandey underlined that automation in cyber defence introduces more risks, and AI for cyber security must "itself be secure, governed and accountable." Cybersecurity: A Board-Level Imperative Speaking at the inauguration of a symposium for cyber defence organized by Sebi at its capacity building body National Institute of Securities Markets near here, Pandey said "we need to look at cybersecurity more from a collective perspective than merely individual lens". "Cybersecurity is no longer only an IT issue. It is a board-level issue. It is a business-continuity issue. It is a market-integrity issue. It is an investor-confidence issue," Pandey said. He urged fellow regulators, as also countries, to share the best practices when he said that any good practice, when developed, should become a reference point for others. "In cyberspace, our collective resilience depends on the strength
SEBI Chairman Highlights <b>Cybersecurity</b> As Board-Level Issue
Read the original article
m.rediff.com →