Cyberattacks, AI threats risks to business: NSE
Amid the artificial intelligence (AI) boom, the National Stock Exchange (NSE) has flagged that AI threats could adversely impact its business and financial condition.
In its draft red herring prospectus (DRHP) filed with market regulator Sebi on Wednesday, the country’s largest stock exchange said its risk management framework and insurance policies “may not be effective or adequate” and that its plans on disaster recovery “may not be sufficient” for all risk scenarios.
The exchange also warned that regulatory changes as well as its significant dependence on derivatives trading revenues could materially affect its financial performance and business operations.
