SEBI Imposes Rs. 10,00,000 Penalty on Anand Rathi Share and Stock Brokers Ltd for Cyber Security Violations

Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs. 10,00,000 on Anand Rathi Share and Stock Brokers Ltd for violations under Cyber Security & Cyber Resilience Framework, SEBI (Stock Brokers) Regulations, 1992, and applicable SEBI Circulars. The violations include issues related to capacity planning, Business Continuity Planning (BCP) & Disaster Recovery Site (DRS) policy, password policy, data leakage prevention, PowerShell access (network security), password controls, privileged access management, Vulnerability Assessment and Penetration Testing (VAPT), incident reporting, APl security, monitoring and detection, and KYC validation of clients. The inspection was conducted for the period April 01, 2023, to August 31, 2024.