India’s largest depository detects malware in systems

MUMBAI, Nov. 19– India’s largest depository in terms of dematerialized accounts has detected malware in some of its systems, the Central Depository Services Ltd said in a statement late Friday. Admitting that malware was detected in its internal machines, the statement said, “As a matter of abundant caution, the company immediately isolated the machines and…

MUMBAI, Nov. 19 (Xinhua) — India’s largest depository in terms of dematerialized accounts has detected malware in some of its systems, the Central Depository Services (India) Ltd said in a statement late Friday.

Admitting that malware was detected in its internal machines, the statement said, “As a matter of abundant caution, the company immediately isolated the machines and disconnected itself from other constituents of the capital market.”

As per initial findings, there is no confidential information or investor data has been compromised. The depository team has reported the incident to relevant authorities and is working with its cyber security advisors to analyze the impact, the statement said.

The crisis has led to a delay in the settlement of shares such as pay-in, and pay-out, according to investment intermediaries.

Resolution of the incident is in process, subsequent to which settlement activities would be completed, the statement said. Enditem

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