Mumbai: Settlement services at Central Depository Services (India), the country’s largest depository by way of active demat accounts, were affected on Friday due to cyber attacks.
Brokers said services such as pay-in, pay-out, pledge, or unpledged securities for margin were down due to system failure at the
. However, trading was not affected, they added.
CDSL, in a press release, said it has detected malware in a few of its internal machines. “As a matter of abundant caution, the company immediately isolated the machines and disconnected itself from other constituents of the capital market,” CDSL said.
A malware attack is a cyberattack where malicious software executes unauthorised actions on the victim’s system. Malicious software encompasses many specific attacks, such as ransomware, spyware, command and control, and more.
The depository stated that the team has reported the incident to the relevant authorities and is working with its cyber security advisors to analyse the impact.
It added that settlement activities would be completed subsequent to the resolution of the incident.
However, CDSL clarified there is no reason to believe that confidential information or investor data has been compromised.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
