Sebi slaps ₹1 cr fine on CDSL for compliance and cybersecurity lapses (opens in a new tab)
Why readSEBI has fined CDSL, one of India's two depositories, ₹1 crore for cybersecurity and compliance lapses, which sets the regulator's price on CSCRF failures for every market infrastructure institution.
SEBI imposed a ₹1 crore penalty on Central Depository Services Limited over compliance and cybersecurity lapses. CDSL is a market infrastructure institution, so the order is a direct signal of how the regulator will treat cyber control failures at exchanges, depositories and large intermediaries. Boards at regulated Indian financial firms will ask what the findings were and whether the same gaps exist internally.
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