Latest news with #VAPT
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Business Standard
13-05-2025
- Business
- Business Standard
Groww Invest pays over ₹34 Lakh to settle Sebi case linked to tech glitch
Groww Invest Tech has paid a Rs 34.12 lakh as settlement in a case filed in October last year, markets regulator Securities and Exchange Board of India (Sebi) said on Tuesday. The case stems from an incident on January 23, 2024, when Groww's platform suffered a glitch that prevented clients from placing trades. Following this, the company filed for a settlement with Sebi, choosing to resolve the issue 'without admitting or denying the findings of facts and conclusions of law". In its official order, Sebi confirmed that Groww Invest, which was earlier known as Nextbillion Technology, had completed the payment. Sebi stated, 'In view of the acceptance of the settlement terms and the receipt of the settlement Sebi, the instant adjudication proceedings initiated against the applicant vide SCN (show cause notice) dated October 11, 2024, are disposed of.' According to Sebi's notice, Groww, in its role as a stockbroker, failed to send critical data to the exchange through LAMA, which is a logging and monitoring system, on the day of this technical disruption. The company allegedly also did not have any backup support for its clients during the glitch period. There were reportedly no working phone lines, trading terminals, or staff available to take trading calls, which led to a complete service shutdown for all users for as long as the trading downtime persisted. Sebi noted in its adjudication proceedings that Groww's cybersecurity checks, in particular its Vulnerability Assessment and Penetration Testing (VAPT), failed to act effectively to subside any sort of issue that arose.
Zawya
04-05-2025
- Business
- Zawya
ZENDATA Cybersecurity partners with Reboot Coding Institute
Manama, Bahrain – ZENDATA Cybersecurity, a leading global cybersecurity solutions provider, is proud to announce its strategic partnership with Reboot Coding Institute (Reboot01), Bahrain's premier coding institute, to onboard and develop Bahraini cybersecurity talent for its operations in the region and beyond. This innovative collaboration reflects ZENDATA's unwavering commitment to fostering local competencies, driving regional innovation, and empowering the next generation of cybersecurity leaders. Through this partnership, ZENDATA is integrating Bahraini developers trained at Reboot01 into its multiple Cyber Security Products and R&D projects, directly supporting the security posture of its global clientele. "Reboot01 was founded on the belief that technology and innovation thrive when local talent is empowered and trusted," said Yanal Jallad, Managing Director of Reboot 01. "Our partnership with ZENDATA is a living testament to this vision. Together, we are enabling Bahraini developers to not only participate in but actively shape the future of cybersecurity on a global scale." ZENDATA's investment in local talent is part of its broader mission to create a sustainable cybersecurity ecosystem that leverages regional excellence to meet global security demands. This partnership will enable the company to further customize its services to meet regional needs while exporting Bahraini cybersecurity expertise to new markets in the MENA and APAC regions. "At ZENDATA, we are proud to put Bahraini talent at the heart of our innovation engine," said Isabelle Meyer, Co-Founder and Co-CEO of ZENDATA. "Our partnership with Reboot01 is more than just a recruitment initiative, it is a strategic investment in the future of cybersecurity, built on the extraordinary skills, determination, and creativity of Bahraini developers. We believe this collaboration will set a new benchmark for what it means to empower local talent while delivering world-class cybersecurity services." The partnership between ZENDATA and Reboot01 underscores a shared commitment to building sovereign technological capacity, fostering entrepreneurial spirit, and delivering cybersecurity excellence powered by local innovation and global ambition. About ZENDATA Cybersecurity ZENDATA is a leading cybersecurity company operating in Switzerland, the UAE, Bahrain, and Singapore. With a comprehensive portfolio spanning Threat Intelligence, SOC/MSSP (located in Geneva, Bahrain, Abu Dhabi, and Singapore), CREST Certified, Incident Response, Red Teaming, VCISO, VAPT, and Cyber Crisis Management, ZENDATA secures critical infrastructure, government, financial, and industrial sectors worldwide. About Reboot Coding Institute Reboot01 is Bahrain's leading coding institute and the Kingdom's largest tech talent hub, dedicated to delivering world-class education in programming, cybersecurity, and software development. Through innovative training models and partnerships with industry leaders, Reboot01 empowers Bahrain's youth to excel in the global digital economy.
