SEBI has aligned its cyber incident reporting portal with the Financial Stability Board's FIRE format, requiring structured reporting from regulated entities to strengthen cybersecurity practices.
SEBI Aligns Cyber Reporting Portal to Enhance Cybersecurity
The Securities and Exchange Board of India (SEBI) has recently aligned its cyber incident reporting portal with the Financial Stability Board’s (FSB) Framework for Improving Cybersecurity Emergencies (FIRE) format. This modification mandates a structured reporting approach by regulated entities in relation to cybersecurity incidents.
By adopting the FIRE format, SEBI aims to standardize and enhance the quality of information reported during cyber incidents. This move reflects growing regulatory attentiveness to cybersecurity risks faced by market participants and emphasizes the essential need for robust reporting mechanisms.
Legal practitioners should advise their clients in the financial sector to ensure compliance with the new reporting structures. With increased regulatory focus on cybersecurity, firms must prioritize their operational security policies and reporting mechanisms to meet compliance standards.
Citations
- SEBI Cybersecurity Update (2026) SEBI Notifications
