Bombay Stock Exchange signed TAC Security as Cyber Security Partner

TAC Security announces that its the official Cyber Security Partner for the Bombay Stock Exchange for its cybersecurity resilience program.

Mumbai, India:  TAC Security a risk and vulnerability management company, has announced that its the official cyber security partner for the 143+ years old stock exchange – Bombay Stock Exchange. BSE is Asia’s first and fastest-growing stock exchange today.

The cyber giant and the oldest stock exchange joined hands to ensure that the BSE is empowered with the highest possible level of cybersecurity. The alliance is a significant stride in the longstanding relationship between the two institutions.

The BSE will get a holistic view of their risk-vulnerability management on a single platform using TAC Security’s ESOF (Enterprise Security in One Framework).

“It is an honor and privilege to be protecting Asia’s biggest and essential stock market body.” said Trishneet Arora, Founder, and CEO. “We aim to ensure the highest-level cybersecurity for an organization that defines the stock market of the country. It is truly a step towards providing organizations across the globe with the next – generation of Vulnerability Management.”

The alliance is set to be the first of many projects undertaken by the cybersecurity giant to bring about a rapid change in the cybersecurity process under the guidance of the Bombay Stock Exchange. BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient capital-raising platform and is considered an essential factor for the financial industry in the country.

“I have seen TAC Security’s remarkable strides in the industry and the value they add to our cybersecurity process. We consistently aim to make remarkable changes that facilitate BSE to become cyber compliant and resilient. Having TAC Security as a partner is an added advantage.” Said Shivkumar Pandey, Chief Information Security Officer, BSE LTD. (Formerly Known as Bombay Stock Exchange)

ESOF plays an essential role in allowing teams to discover, prioritize and remediate before situation demands, rather than mass efforts like other tools. TAC Security’s ESOF Score helps the organization measure the risk of the assets with the help of artificial intelligence. It also allows you to reduce cyber risk on a real-time basis while helping you measure the security posture with the historical trend. ESOF combines traditional Vulnerability Assessment data with real time risk data from the widest array of sources to give security teams one place they can view and understand their risk posture. With a single risk score for the enterprise and drill-down visibility into risk by the business unit, security leaders can use ESOF efficiently communicate, prioritize, and take action to improve their security posture.

About the Bombay Stock Exchange

Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia’s first & the Fastest Stock Exchange in the world with the speed of 6 micro seconds and one of India’s leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers’ Association’ in 1875. In 2017 BSE became the 1st listed stock exchange of India.

Today BSE provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. BSE SME is India’s largest SME platform which has listed over 250 companies and continues to grow at a steady pace. BSE StAR MF is India’s largest online mutual fund platform which processes over 27 lakh transactions per month and adds almost 2 lakh new SIPs every month. BSE Bond, the transparent and efficient electronic book mechanism process for private placement of debt securities, is the market leader with more than Rs 2.09 lakh crore of fund raising from 530 issuances. (F.Y. 2017-2018).

Keeping in line with the vision of Shri Narendra Modi, Hon’ble Prime Minister of India, BSE has launched India INX, India’s 1st international exchange, located at GIFT CITY IFSC in Ahmedabad.

About TAC Security

TAC Security headquartered in San Francisco is a global leader in Vulnerability Management that protects Fortune 500 companies, leading enterprises, and governments around the world. TAC Security manages 5+ Million vulnerabilities through its Artificial Intelligence (AI) based Vulnerability Management Platform ESOF (Enterprise Security in One Framework). TAC Security has established strategic partnerships with leading cloud providers and managed service providers and consulting organizations including Tech Mahindra, IBM, KDDI Japan, and distributors including Dataguard Technologies LLC and Ingram Micro. For more information, visit here.

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