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ARTICLE · 28 NOVEMBER 2023

Strengthening Cybersecurity Governance: SEBI's New Disclosure Requirements

S.S. Rana & Co.
S.S. Rana & Co.
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In an age where technology pervades every aspect of business and life,has emerged as a paramount concern for companies and investors alike.

IndiaTechnology
Anuradha Gandhi
Anuradha Gandhi
Shantam Sharma
Shantam Sharma
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In an age where technology pervades every aspect of business and life,has emerged as a paramount concern for companies and investors alike. Recognizing the critical need for transparency and risk mitigation, the Securities and Exchange Board of India (SEBI) recently introduced significant amendments to the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. Among these amendments, sub-clause 27(2)(ba) 1 stands out as a pivotal development, mandating the disclosure of cybersecurity incidents, breaches, or loss of data and documents in the Corporate Governance report, to be submitted quarterly to the stock exchanges. This article delves into the implications of this new regulation and its importance in the context of India's financial markets.

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