Exploring Cloud Security Standards for Regulated Companies as Set Forth by SEBI: A Handbook for Compliant Businesses
In the rapidly evolving digital landscape of India, the Securities and Exchange Board of India (SEBI) plays a pivotal role as the primary regulatory authority for the securities market. With the increasing adoption of cloud services by financial institutions, SEBI has introduced guidelines to ensure the security and stability of cloud environments.
A key player in this landscape is Qualys, a leading provider of cloud-based security and compliance solutions. Qualys TotalCloud offers a suite of tools designed to help regulated entities (REs) meet SEBI's stringent cybersecurity standards.
One of the standout features of Qualys TotalCloud is its ability to ensure vendor compliance with SEBI's cybersecurity standards through automated evaluations. This feature is particularly useful in the context of third-party integrations and vendors, which are a common part of modern cloud infrastructure.
The Qualys Enterprise TruRisk Platform further bolsters REs' ability to comply with SEBI's cloud security controls. By unifying the security controls outlined in Principle 6.2 into a single, integrated platform, it simplifies the process of meeting SEBI's requirements.
Qualys TotalCloud also offers continuous discovery and monitoring of cloud assets for misconfigurations, ensuring operational resilience. It provides comprehensive audit trails for accountability and transparency, aligning with SEBI's emphasis on incident readiness.
In addition to these features, Qualys TotalCloud includes Cloud Infrastructure Entitlement Management (CIEM) capabilities, providing deep visibility into identities, roles, and permissions across multi-cloud environments. This feature aligns with SEBI's objective of managing third-party and supply chain risks.
Qualys TotalCloud supports CSP-native Key Management Services (KMS) integrations and enforces encryption policies across cloud resources via security controls. This feature addresses SEBI's requirement for encryption.
Moreover, Qualys offers real-time detection, alerts, and workflow automation by integrating Qualys' datasets with popular SIEM and SOC solutions. This feature aligns with SEBI's objective of proactive threat detection.
Notably, Qualys Patch Management enables automated patch deployment and configuration fixes across OS and third-party applications, addressing SEBI's requirement for continuous monitoring.
With 80% of corporate banks in India having migrated their operations to the cloud, the need for robust cybersecurity solutions that comply with SEBI's guidelines is more critical than ever. Qualys TotalCloud is well-positioned to meet this need, providing a comprehensive solution for REs to meet SEBI's guidelines on operational, compliance, and risk management protocols, including data security and cloud infrastructure safeguards for trading and algorithmic trading platforms.
SEBI's Framework for Adoption of Cloud Services by Regulated Entities is a targeted response to the real-world risks financial institutions face as they expand across hybrid and multi-cloud environments. By adopting Qualys TotalCloud, REs can ensure they are well-equipped to navigate this complex landscape and maintain the trust and stability of the securities market in India.
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