India’s National Stock Exchange is expanding its adherence to two-factor authentication. The NSE announced last week that its e-IPO web app will implement the security standard starting today, June 20th.
The move complements previous security measures including the NSE’s implementation of 2FA security for its negotiated trade platform earlier this month. Launched this January, e-IPO is an online bidding system, and as such could be particularly vulnerable to digital threats; the implementation of two-factor authentication could therefore have a major impact in terms of improving security.
The measure could to some extent be the product of a growing awareness of digital security issues in the country, with the government’s Digital India campaign having helped to dramatically increase the use of digital services in everyday civil engagement, in many cases through its Aadhaar biometric ID program. Or it could simply be a calculated move on the NSE’s part to ensure security as more trading is done online.
In any case, it should help to ensure the security of the assets being traded on the stock exchange. All e-IPO users will need to have enabled 2FA security by June 27th.
Source: India Today
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June 20, 2016 – by Alex Perala
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