Millennium Post

Sebi to beef up IT team for probes, cyber attack fights

These officers will develop data analytics and business intelligence tools, and also manage internal IT security and audit systems to guard against data loss and theft.

Besides, they would also analyse various technology- related needs of Sebi and help implement the projects following issuance of new guidelines including from the government, CVC and the regulator itself.

The markets watchdog is looking for young engineering graduates, or post-graduates in computers application for these roles, with prior experience in related fields. The proposed hirings come at a time when Sebi has identified technology as a key area of focus for its policy initiatives during the fiscal 2015-16, beginning next month.

In its last meeting, Sebi’s board approved proposals for an “extensive and integrated use of technology to facilitate and further ease the investing process in the securities markets”.

Besides, Sebi would tap the social media in a big way for enhancing investor awareness and education, while it plans to further streamline the enforcement process to ensure uniformity in its approach and improve the efficiency of enforcement proceedings.
Next Story
Share it