wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

India’s second-largest depository, CDSL, detects malware in its systems but claims no data was compromised

CDSL, a crucial for holding securities in a dematerialized form, disclosed the malware detection as “initial findings”

Abstract Technology Binary Code Dark Red Background. Cyber Attack, Ransomware, Malware, Scareware Concept

India’s second-largest depository, Central Depository Services Limited (CDSL), reported that it detected malware in a few “internal machines”, according to a disclosure filed with the National Stock Exchange on November 18, 2022. The company claimed that no confidential information or investor data was compromised as per “initial findings”, the disclosure added. Why it matters: CDSL is a crucial market infrastructure institution which acts as a facilitator for holding securities in a dematerialised form and carrying out securities transactions. It is important to make a note of this development because a breach in such a company can end up compromising data of lakhs of investors. The company claims to have over 7 crore demat accounts on its website across India. These accounts hold more than five lakh securities in these accounts worth crores of rupees. The attack highlights the need for the country to train its focus on its response to cybersecurity incidents and it will be prudent to implement the National Cybersecurity Strategy as soon as possible. What else do we know: The disclosure revealed that the company has isolated the machines and disconnected itself from other constituents of the capital market owing to which there was a delay in settlement last week. The company also informed the NSE that the incident has been reported to authorities (possibly CERT-In). Moreover, it was working with its cyber security advisors to analyse the impact of detected malware. The company did not reveal the nature of the malware or details of its resolution in…

Please subscribe/login to read the full story.
Written By

I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ