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of <h1>SEBI Updates Cyber Security Framework for Mutual Funds and AMCs: Annual VAPT, Immediate Incident Reporting Required.</h1> The Securities and Exchange Board of India (SEBI) has updated its Cyber Security and Cyber Resilience Framework for Mutual Funds and Asset Management Companies (AMCs). Key modifications include the classification of critical assets based on sensitivity and criticality, mandatory Vulnerability Assessment and Penetration Testing (VAPT) at least annually, and immediate reporting of cyber incidents to SEBI and CERT-In. Quarterly reports on cyber threats must be submitted, and comprehensive cyber audits are required twice yearly. These measures aim to enhance the security posture of Mutual Funds and AMCs, effective from July 15, 2022.
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