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SEBI expanded the Committees on Information System Security and Cybersecurity

Published on December 28, 2022
Current Context: To reinforce cyber security frameworks and cyber resilience standards, the Securities and Exchange Board of India (SEBI) expanded its High Powered Steering Committee on Cyber Security (HPSC-CS) and Information Systems Security Committee (ISSC).
SEBI expanded the Committees on Information System Security and Cybersecurity
  • High Powered Steering Committee on Cyber Security (HPSC-CS)
    • The number of members on this committee has increased from six to eight. Navin Kumar Singh, the DG of the National Critical Information Infrastructure Protection Center, will continue to serve as its chair (NCIIPC).
    • In accordance with international best practices and considering the requirements of the Indian capital market framework, the committee will supervise and advise SEBI on cyber security measures. It also looks for ways to make the Indian securities market's business continuity and disaster recovery processes better.
    • The group will also examine the purpose and operation of security operations centers, provide suggestions for a cyber security audit, look at significant cyberattack occurrences, and spot any holes in the current architecture.
  • Information Systems Security Committee (ISSC)
    • The Information Systems Security Committee (ISSC) panel of SEBI was also expanded and now has seven members and continues to be led by Prof. H. Krishnamurthy of the IISc in Bengaluru.
    • This panel gives advice and proposals to take immediate action on cyber security incidents of SEBI-regulated businesses, as well as approves information security policies and suggests revisions to those that already exist.
  • Securities and Exchange Board of India (SEBI):
    • Chairperson– Madhabi Puri Buch
    • Headquarters– Mumbai, Maharashtra
    • Establishment– 1992

Question: 

Q.1 Securities and Exchange Board of India (SEBI) has expanded its High Powered Steering Committee on Cyber Security (HPSC-CS) from six to how many members?
a. Seven
b. Eight
c. Nine
d. Ten
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