The Securities and Exchange Board of India has fined Central Depository Services (India) Ltd Rs 1 crore for cybersecurity and operational failures. The penalty follows a malware attack that disrupted the depository's systems.
The regulator cited lapses in securing critical systems that led to operational disruptions. CDSL isolated its systems from the market after the incident.
No monetary penalties were imposed on former top officials.
The action addresses compliance with cybersecurity requirements for market infrastructure institutions.
