SEBON rolls out IT policy to shield stock market from cyberattacks
Summary
SEBON has introduced a new IT policy to strengthen cybersecurity and protect Nepal’s stock market from future cyberattacks. The policy mandates disaster recovery systems, clearer rules for outsourced IT services, and plans for an integrated cyber incident reporting portal and an e-SEBON initiative.
Key Points
- SEBON has rolled out an IT policy after a ransomware attack and a cyber incident forced Nepal’s stock market to close for a day.
- The policy sets standards for cybersecurity, disaster recovery, and secure operation of trading, clearing, settlement, depository, and warehouse systems.
- It brings outsourced IT services under a legal and technical framework with requirements such as service-level agreements, data security, confidentiality, and audit rights.
- SEBON also plans to establish an integrated cyber incident reporting portal, a shared data centre, and an e-SEBON concept.
