On Wednesday, the leading stock exchange BSE and IIT Kanpur signed an agreement, whose key highlights include:
1. Cooperation for cyber security in financial markets
2. Developing an environment in order to deal with the cyber security challenges.
The main aim is to strengthen the cyber security environment and to fight the new challenges related to cyber security head on. Developing cyber security tools in another aim of the agreement.
In a release exchange said that "BSE on Wednesday entered into a Memorandum of Understanding (MoU) with the renowned Indian Institute of Technology, Kanpur."
Ashish Kumar Chauhan, MD and CEO of BSE said "Among others, the institute will assist BSE in testing its vulnerabilities in IT system and network and help forming guidelines and auditing security operations.BSE has an onus to create comprehensive robust and resilient cyber security framework. IIT Kanpur is India's leading academic institute in computer science. A research tie-up with them will enhance the academic-corporate collaboration."
He further added "I hope this research tie-up will yield excellent results for Indian financial system in cyber security. Hence I invite other financial institutions to join this research initiative to make it more comprehensive and effective."
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