NSE technical glitch shows switchover to back-up site isn't easy

The banking sector was recently spooked by incidents of data breach and attempts of cyber-heist

A technical glitch faced by the National Stock Exchange (NSE) on Monday and data breach at banks earlier this year have raised queries on the ability of the financial sector to quickly respond to and resolve major cyber security incidents.

The regulatory framework mandates important institutions such as stock exchanges and banks to have business continuity plans (BCP), disaster recovery sites and computer emergency response teams (CERTs). These are part of the contingency plans to ensure that businesses can continue with little or no disruption even in the event of a disaster.

However, recent incidents suggest these safeguards perform well