NSE Circular on: Implementation of Two Factor Authentication
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Date |
Issuer |
Subject |
Topic |
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14-06-2022 |
NSE |
Implementation of Two Factor Authentication
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Two Factor Authentication |
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Highlights of NSE Circular dated June 14, 2022 Implementation of Two Factor Authentication Further to SEBI circular SEBI/HO/MIRSD/CIR/PB/2018/147 dated December 03, 2018, on Cyber Security & Cyber Resilience framework for Stockbrokers, wherein all Members were required to mandatorily implement two-factor authentication on application offered by Members to customers through Internet Based Trading (IBT) and Securities Trading through Wireless Technology (STWT), NSE has now clarified that, in addition to user ID, Members shall preferably use biometric authentication as one of the authentication factors, along with any one of the below-mentioned factors: 1. Knowledge factor (something only the user knows): - for e.g., Password, PIN. 2. Possession factor (something only the user has): - for e.g., OTP, security token, authenticator apps on smartphones etc. In case of OTP, the same should be sent to clients through both email and SMS on their registered email ID and Mobile number
In cases, where biometric authentication is not possible, Members shall use both the aforementioned factors (Knowledge factor and Possession factor), in addition to the user ID, for 2-factor authentication (2FA). It is to be noted that the above mentioned authentication shall be implemented on every login session by the client to IBT and STWT.
The above guidelines shall be implemented latest by September 30, 2022.
NSE Circular no. NSE/COMP/52623 dated June 14, 2022 is enclosed herewith for your ready reference.
In case of any clarification or assistance required in implementation of this circular you may contact Vandana Vania– van...@secmark.in / 9223303460 Kaushik Jethwa – kau...@secmark.in / 9870210171 |
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