Mumbai, October 24 — Flagging risks from AI-driven cyberattacks, National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan on Saturday asked stockbrokers to strengthen their cybersecurity capabilities, warning that vulnerabilities at individual members could affect the integrity of the broader market network, news agency IANS reported.

Source: IANS via IANS Live

Speaking at the ANMI International Capital Market Convention 2026 in Mumbai, Chauhan said the exchange is reviewing every component of its network for vulnerabilities amid the growing threat of AI-based cyberattacks. "Every member has to now take that out as a main function to ensure that integrity of our trading framework across India, across all members is maintained," he said, according to IANS.

Source: IANS via IANS Live

Chauhan said financial institutions in Japan and the United States had recently come under AI-driven cyber attacks — Japan declared a national emergency over cyber hacking two weeks ago, while American banks reported AI-based agentic attacks last week — The Hindu BusinessLine reported from the same address.

Source: The Hindu BusinessLine

Rs 460 lakh croreIndia's listed market capitalisation crossed this level (yaani Rs 460 trillion), larger than the combined balance sheet of the banking system, BusinessLine reported
37 croreRegistered investor accounts on NSE; 13.6 crore are unique individual investors, according to BusinessLine
16thEdition of ANMI's annual capital market convention where Chauhan spoke

He warned that more vulnerabilities were likely to emerge over the next few years and called on ANMI to set up a special task force to identify risks, coordinate responses and help market participants address them. NSE is prepared to assist brokers through workshops and other support and would work with the regulator to help members strengthen their systems, IANS reported. Brokers lacking in-house technical capabilities should build them or seek external advisers, he said.

Source: IANS via IANS Live

Chauhan also flagged the longer-term challenge posed by quantum computing, which could affect cryptographic systems including those used in secure communications, IANS reported. Technology has remained central to capital markets since NSE's early years, but participants cannot afford to fall behind as threats evolve, he added.

Source: IANS via IANS Live