
SEBI Chairman Tuhin Kanta Pandey said cybersecurity is a board-level issue, not just IT. He warned on AI risks in defense and said quantum computing threatens today's cryptographic assumptions. Two new SEBI portals launched.
Cybersecurity has moved beyond the IT department and into the boardroom, SEBI Chairman Tuhin Kanta Pandey said Monday. The warning came at a symposium organized by the capital markets regulator at the National Institute of Securities Markets near Mumbai.
"Cybersecurity is no longer only an IT issue. It is a board-level issue. It is a business-continuity issue. It is a market-integrity issue. It is an investor-confidence issue," Pandey said.
The speech had two sharp edges: one on artificial intelligence and one on quantum computing. AI deployed in cyber defense introduces its own risk, he said. "AI for cybersecurity must itself be secure, governed and accountable." Automation and agentic systems will change how cyber defense works, but more autonomy creates new vulnerabilities, he added.
Quantum computing was the second focal point. "The concern is not only about the day when a sufficiently powerful quantum computer becomes available. The concern is also about data that can be captured today and potentially decrypted in the future," Pandey said. He called for "crypto-agility" – the ability to swap cryptographic algorithms without redesigning the whole system – and framed quantum readiness as "a resilience programme, not a science-fiction exercise."
The SEBI chairman urged fellow regulators and countries to share best practices. "In cyberspace, our collective resilience depends on the strength of the connections between us," he said.
SEBI has launched two new tools: a revamped Incident Reporting Portal meant to make cyber-incident reports more structured and actionable, and the Cyber Suraksha Portal, described as a central hub for sharing vulnerability warnings and policy measures across the securities market.
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