SEBI fines CDSL ₹1 crore for 2022 malware breach that halted settlements
India’s markets regulator SEBI slapped Central Depository Services with a ₹1 crore fine after a 2022 malware breach exposed critical security gaps. The attack halted settlement, corporate actions and inter‑depository transfers, highlighting weak server classification, poor monitoring and lax password controls. The penalty underscores tightening cyber‑risk oversight in Indian markets.