BSE's Cyber Security Operations Center Is AI Enabled

BSE IS implementing a Cyber Security Operations Centre (CSOC) with Artificial Intelligence capabilities on the back of an orchestrated approach wherein multiple advanced cyber technology solutions are integrated to provide contextual intelligence, explains Shivkumar Pandey, CISO, BSE

- Abhishek Raval

The stock exchanges in India, the fastest growing economy are closely watched and reported, globally. The news about any halt or disruption in trade at a stock exchange spreads like wildfire and has tremendous monetary ramifications. The exchanges are seen as a reflection of the health of the economy of a country. The Bombay Stock Exchange (BSE) is the fastest exchange of the world. It facilitates 250280 million orders per day. Of these about two million trades are converted. BSE has 13 companies under its umbrella. India International Exchange (INX) being the latest entrant, which operates 22 hours of the day. Precisely, why, BSE is a target of cyber hackers and organised cybercrime syndicates. Most of the times, the attacks are state-sponsored. This makes cybersecurity a critical business factor for the BSE. In order to ring-fence itself from global cybersecurity threats, BSE is implementing a next generation Cyber Security Operations Centre (CSOC). “All the 22 tools in the CSOC have been bought and orchestrated together to work as one unit. The CSOC will empower the exchange to have a real time and proactive stance to any impending cybersecurity threat,” says Shivkumar Pandey, CISO, BSE.

The Bombay Stock Exchange (BSE) is in the process of implementing a hybrid Cyber Security Operations Centre (CSOC). “About 80 percent of the rollout is over, which is scheduled to get in a short period of time,” informs Pandey.

Nextgen CSOC: About the implementation