BSE signs TAC Security as cyber security partner

Mumbai: TAC Security a risk and vulnerability management company has announced that it is the official cyber security partner for over 143-year-old stock exchange – Bombay Stock Exchange (BSE). 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). The alliance is set to be the first of many projects undertaken by the cyber security giant to bring about a rapid change in the cyber security 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.

Talking to Bizz Buzz, Trishneet Arora, Founder, and CEO, TAC Security, says "The acceleration of technology and digitisation has not ceased even after Covid. We need to believe this is new normal. Security is centre point of technology and no company can grow or sustain without cyber security in the era. Every company's plan is digital transformation, cloud transformation. Combining with Security during the transformation is essential, because in any industry, if your IT Stack isn't secure, you will be out of business."

ESOF plays an essential role in allowing teams to discover, prioritize and remediate before situation demands, rather than mass efforts like other tools.

According to Arora, "It is an honour and privilege to be protecting Asia's biggest and essential stock market body. We aim to ensure the highest-level cyber security 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."

Shivkumar Pandey, Chief Information Security Officer, BSE, says, "I have seen TAC Security's remarkable strides in the industry and the value they add to our cyber security 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."