Best Practices to Comply with SEBI Cloud Service Adoption Framework
In response to the increasing incidents related to technical glitches in the financial sector, the Securities and Exchange Board of India (SEBI) has taken a proactive approach by forming a working group. This group has developed a comprehensive framework to address the challenges and risks associated with adopting cloud computing solutions. The framework aims to guide SEBI Regulated Entities (REs) in implementing robust risk management strategies for cloud adoption. SEBI's Cloud Computing Framework: The primary objective of SEBI's framework is to reduce the risks associated with cloud adoption by establishing essential access and data controls. By providing a principle-based approach, the framework outlines mandatory controls and baseline security measures for REs and Cloud Service Providers (CSPs). It addresses governance, risk management, compliance, and other crucial aspects to ensure a secure transition to cloud computing. SEBI's framework is designe...