Our Bureau
Mumbai
The ongoing cross-border tensions between India and Pakistan are at its peak after Operation Sindoor was carried out by the Indian armed forces. These attacks on the terror camps were in retaliation to the terror attacks in Pahalgam, Jammu and Kashmir, last month. In the middle of this, top two stock exchanges in India i.e., The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), have decided to restrict access for overseas users.
It was reported that this step has been taken to ensure proper security after there were reports of millions of cyberattacks being detected in the past few days. It was told that only some IP addresses of some clients were given access amidst the tensions. However, it is to be noted that the limited access protocol will not affect the trading by foreign funds in the Indian market.
“BSE, being a critical market infrastructure institution (MII), proactively and continuously monitors risks at domestic and international levels for potential cyber threats. Based on such monitoring of cyber traffic, as a precautionary and protective measure, websites/locations are blocked to protect users and systems,” the BSE spokesperson said.
These steps are being deemed as just precautionary measures taken by the two bourses and they have ensured that the functioning of Indian markets will not be harmed in any way and it will operate normally. The decision was taken after the top officials of the two stock exchanges sat down to discuss the attempts of cyber-attacks that were detected recently.
It was also stated by the two bourses that there was no loss of data during the attempted cyberattacks and the attackers could not breach the cyber security walls. The measures taken currently are not permanent in any shape or form and the functioning will resume to normality once the cross-border tensions are resolved.
After the Pahalgam terror attack, it was reported that there were cyberattacks detected on several websites of the government. The hackers claimed to have access to around 10 GB of data with information of 1600 users. The cyber security was increased by the Ministry of Defence following the attacks made on their website.
