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Best Practices to Comply with SEBI Cloud Service Adoption Framework

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  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...

Why is a Hardware Security Module Trusted?

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  In the ever-evolving landscape of digital security, protecting sensitive data has become paramount. One crucial component in achieving this protection is the Hardware Security Module (HSM). A general-purpose HSM is a standards-compliant cryptographic device designed to create a trusted environment for performing various cryptographic operations, including key management, encryption, and key exchange. In this article, we will explore why HSMs are considered trustworthy as well as their applications and operational functionalities.  Understanding Hardware Security Modules (HSMs) :     A Hardware Security Module is a specialized cryptographic device designed to protect sensitive data in various states: in transit, in use, and at rest. It utilizes physical security measures, logical controls, and robust encryption to create a trusted environment. Let’s understand how Hardware Security Module works.  How Do Hardware Security Modules Work?     At the core...

The Aadhaar Data Vault: Enhancing Security and Trust in India's Digital Ecosystem

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In India's rapidly evolving digital landscape, where Aadhaar has grown into more than just a 12-digit identification, the necessity for effective data protection measures has never been more essential. While Aadhaar has played an important role in reducing fraud and increasing financial inclusion, concerns about data leaks and identity theft have grown concurrently. In response to these issues, the Unique Identification Authority of India (UIDAI) developed the concept of Aadhaar Vault, a digital fortress designed to protect citizens" Personally Identifiable Information (PII).  The journey of Aadhaar has been paradoxical, functioning as a barrier to fraud and a vulnerability threatening citizen privacy. The digital authentication environment currently heavily relies on Aadhaar, which is linked to different areas of an individual's life, including mobile phone numbers and bank accounts. Data breaches are unavoidable as the number of digital transactions grows. This highlight...