The Multi Commodity Exchange of India Limited (MCX) has issued a
revised Standard Operating Procedure (SOP) for managing
cybersecurity incidents vide a circular dated January 8,2025. This
updated SOP aligns with the Securities and Exchange Board of India
(SEBI)'s Cybersecurity and Cyber Resilience Framework (CSCRF)
as outlined in the SEBI circular dated August 20, 2024. It sets
clear directives and timelines for incident reporting and
management, aiming to bolster the security framework for regulated
entities (REs), members, and depository participants (DPs).
Background and Objective
Cybersecurity threats have been a growing concern for financial
markets globally, and the revised SOP by MCX is a proactive step to
mitigate these risks. The framework updates prior guidelines issued
in 2021 and reflects the latest SEBI circular requirements. The SOP
emphasizes timely reporting, stringent mitigation measures, and
detailed post-incident evaluations to ensure that all
