Indian Institute of Technology (IIT) Kanpur and leading stock exchange BSE signed a memorandum of understanding for collaboration in the areas including cyber security.
Key Highlights of the MoU
- Cooperation for cyber security research in financial markets.
- Developing an environment to deal with cyber security challengers
- Developing tools to strengthen cyber security
- To advise BSE in its cyber related issues.
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," Ashish kumar Chauhan, MD and CEO of BSE said.
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"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," he added.