Keshav Samant, Head of Financial Technologies, today cautioned the Indian investors and IT users to follow safety measures to ensure protection of their trading information on internet and network.
Speaking at a seminar on 'Secure IT Environment for Foolproof Securities Trading', organised by the Confederation of Indian Industry (CII) here, Mr Samant said technology is just a tool of the security system and not the whole system in itself. Security of the trading system depends on its implementation by the top management.
The Indian IT Act and Cyber Law should be implemented in its proper perspective, he said and added that risk factor should be covered with insurance blanket.
Speaking on the occasion, Mr G M Shenoy, Sr Vice-President of NSE.IT ltd, said Indian investors using software should need to develop a IT security culture as is being done in developed countries to protect their interest and invasion of their privacy.
Mr Shenoy said, three aspects -- Technology, Best Practices and Security Culture-- will ensure safety of investors on online trading.
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