The capital market regulator SEBI said that it is worried over state sponsored cyber attacks and has suggested to create a framework to protect the securities market.

“We are worried over state sponsored cyber attacks. There are worries that the vulnerability in markets are increasing. We need to create a framework for future plan of action on securities market resilience,” Sebi Chairman U K Sinha said

“Cyber attacks are very common in financial sector and happening in a greater sophisticated manner. The adoption of new technologies have both advantages as well as challenges, but we need to create more awareness,” Sinha said.