IIT Kanpur & NSE sign MoU to work on cyber security solutions

The National Stock Exchange of India Ltd (NSE) has signed a Memorandum of Understanding (MoU) with Indian Institute of Technology (IIT) Kanpur for working together on industry-leading cybersecurity solutions and practices. With this MoU, IIT Kanpur faculty will be helping NSE in the areas of cybersecurity.

NSE said in a statement, "The NSE-IIT Kanpur partnership aims to create an environment to not only negotiate and deal with the current and future cybersecurity challenges in the Indian financial and capital markets ecosystem, but also to develop tools to strengthen the cybersecurity framework."

Vikram Limaye, MD & CEO, NSE, said, "This is a great opportunity for NSE to collaborate with the academia to augment its position as a thought leader and leading adopter of cutting-edge technologies in the field of cybersecurity. NSE is proud to associate with IIT Kanpur in this endeavour and help in enhancing the cybersecurity posture of India’s capital markets. This partnership will significantly bolster our established cybersecurity practices and defence strategies."

Abhay Karandikar, Director, IIT Kanpur, added, "IIT Kanpur's ongoing work in the Critical Infrastructure domain will enable it to make the capital market space much stronger to defend against cyber-attacks. NSE, being an institution of national importance and a part of the critical infrastructure of India, this engagement will ensure greater confidence for investors in the Indian capital markets."