Tuesday 25 March 2014

Sri Lanka bourse safer and more robust after ISO certification

Mar 25, 2014 (LBO) - Colombo Stock Exchange has been certified by the International Standard Organization (ISO) and the process has made its operations secure and more robust, the bourse said.

"Through these ISO Certifications the CSE gives maximum assurance to stakeholders that their information is protected by the Exchange in the most comprehensive manner," the bourse said in a statement.

ISO had certified the CSE on the standard for Information Security ( ISO 27001), Business Continuity (ISO 22301) covering Trading, Registry and Depository services, and IT Service Management (ISO 20000).

The certifications were issued in February 2014 after assessment and validation by TUV Nord, Germany.

"Since implementation of the project, CSE has improved its information security, business continuity and IT service management significantly," the bourse said.

"As the ISO certification process provides a detailed understanding of the entire organisation and its processes, opportunities for improvement have been identified and implemented.

"It has also helped to raise information security and business continuity awareness and readiness among employees of CSE and has led to the efficient management of risks related to these areas."

CSE chief executive Rajeeva Bandaranaike said the certification demonstrated the exchange's commitment to manage risks and improve security.

Chandrakanth Jayasinghe, Chief Information Officer said infrastructure has been upgraded to improve resilience and uninterrupted delivery of IT services.

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