NSE flags concern over cyber attacks on financial market

The National Stock Exchange (NSE) today raised concern over potential for large-scale cyber attacks on financial market infrastructure and called for setting up the standards to bring about the change through talent empowerment and investment in innovation.

Increasing global interconnectedness and complexity of systems make the risk of a large scale cyber attack even more pertinent and threaten the stability of financial markets, its managing director and chief executive officer, Vikram Limaye, said Tuesday at the ‘NSE Future Tech 2018’.

                  “The potential for large-scale cyber attacks on financial markets infrastructure at a very low cost is a major risk across the globe,” he added.
                World Economic Forum has listed cyber attacks as one of the four major risks today and in the years to come.
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