India minister urges market regulator to boost global consultations, tackle cyber risks - Reuters

<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQSUZHUU1ucEprZ25lVVlDNFdWNWF0dzBTbXlZZU1OaEhVLTdnYjhZLUc2bVJPS0hlTmNKZzhoYUxFeUhiRTV6RWdGYXAwcHhPRDUyRjFVMlBNdmJEeGx4bjlNbkctNWluTjNHaC1TQ21WZkJhdlgtQXloek1PWmVicDkzaDhOSUJuRE5UODRTbVNHOUtCWGJtamlfZGNDZ2VLZmhpbE5PbWdpaGVGWVE0ZkoxUkU0OWRqOWFQZUt1UjYzaGM?oc=5" target="_blank">India minister urges market regulator to boost global consultations, tackle cyber risks</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Finance Minister Nirmala Sitharaman urged India's market regulator to enhance global consultations and leverage artificial intelligence to manage cyber risks, emphasizing the importance of international collaboration for investor confidence.

On SEBI's 38th Foundation Day, Finance Minister Nirmala Sitharaman highlighted cybersecurity as a critical challenge, warning of AI-driven cyber threats and launching 'Mission Jagrook' to enhance investor awareness.

Finance Minister Nirmala Sitharaman called on SEBI to spearhead the simplification and standardization of KYC processes across the financial system, emphasizing the need for a seamless and secure KYC architecture.

SEBI Chairman Tuhin Kanta Pandey emphasized the need for vision-led regulations to navigate global market volatility and technological disruptions, highlighting the importance of credibility and collaboration in SEBI's journey.

Finance Minister Nirmala Sitharaman urged SEBI and all regulated market institutions to remain exceptionally vigilant against emerging cyber threats, warning that a single successful cyberattack could destabilize markets nationally.