Client Overview: Aksha Khosla Tradewise – A SEBI-Registered Broker

Aksha Khosla Tradewise is a prominent SEBI-registered brokerage firm providing stock trading and financial advisory services to clients across India. As a regulated entity, Aksha Khosla Tradewise handles a large volume of sensitive financial transactions, client data, and real-time market information. Given the nature of their business, the firm is subject to stringent security requirements from SEBI and other regulatory bodies.

As Aksha Khosla Tradewise expanded its operations and digital offerings, it faced increasing cybersecurity challenges. To protect its clients and ensure compliance with SEBI’s security mandates, the firm partnered with NyuWay to implement a Managed Application Security Service (MASS) solution.

Challenges Faced by Aksha Khosla Tradewise

As a brokerage firm handling sensitive financial data, Aksha Khosla Tradewise faced several critical security challenges:

1. Compliance with SEBI Security Standards: SEBI regulations require financial institutions to maintain strict security protocols to safeguard client information and financial transactions. Ensuring ongoing compliance with these regulations was a top priority for Aksha Khosla Tradewise.
2. Protection Against Financial Data Breaches: As a trading platform, Aksha Khosla Tradewise is a high-value target for cybercriminals looking to exploit vulnerabilities to access client funds, trading data, and confidential financial information.
3. Real-Time Transaction Security: The firm needed to ensure that real-time trading data and transactions were protected from any potential manipulation or unauthorized access.
4. Securing Multiple Platforms: Aksha Khosla Tradewise operates a complex digital ecosystem that includes web platforms, mobile apps, and API integrations. Each platform had its own security requirements, creating a need for a unified security solution.

NyuWay’s Managed Application Security Service (MASS) Solution

To address these challenges, Aksha Khosla Tradewise implemented NyuWay’s Managed Application Security Service (MASS), a comprehensive solution designed to provide continuous protection and compliance management for their digital infrastructure.

Here’s how NyuWay helped Aksha Khosla Tradewise secure its operations:

1. Continuous Vulnerability Management:
   • NyuWay deployed continuous vulnerability scanning across Aksha Khosla Tradewise’s web and mobile platforms, ensuring real-time detection of security issues. This proactive approach helped the firm stay ahead of emerging threats.
   • Vulnerability scans were tailored to meet SEBI regulations, focusing on areas such as secure authentication, encryption, and transaction integrity.
2. Real-Time Transaction Monitoring:
   • NyuWay implemented real-time transaction monitoring to protect Aksha Khosla Tradewise’s trading platform from unauthorized access and manipulation. This solution safeguarded financial transactions, ensuring data integrity during real-time trading activities.
   • The system alerted the Aksha Khosla Tradewise security team to any suspicious transaction patterns or anomalies that could indicate potential threats.
3. Compliance Management and Reporting:
   • To ensure compliance with SEBI’s security mandates, NyuWay’s compliance management solution provided regular audits and automated reports, detailing the firm’s security posture.
   • This solution also helped Aksha Khosla Tradewise prepare for regulatory audits by providing a clear audit trail of all security-related activities, reducing the firm’s administrative burden.
4. AI-Driven Penetration Testing:
   • NyuWay’s AI-driven penetration testing simulated advanced cyberattacks targeting Aksha Khosla Tradewise’s trading platform. These tests identified critical vulnerabilities, allowing the firm to patch security gaps before they could be exploited.
   • The AI-driven system significantly reduced false positives and provided actionable insights, helping the firm prioritize remediation efforts effectively.

Results Achieved by Aksha Khosla Tradewise

• 100% Compliance with SEBI Standards: Aksha Khosla Tradewise maintained full compliance with SEBI’s stringent security requirements, ensuring that client data and financial transactions remained secure and protected.
• Reduced Vulnerabilities by 85%: Through continuous vulnerability management and AI-driven testing, Aksha Khosla Tradewise reduced its critical security vulnerabilities by 85% within six months.
• Real-Time Transaction Security: With NyuWay’s real-time transaction monitoring, Aksha Khosla Tradewise secured its trading operations, preventing unauthorized access and ensuring data integrity for thousands of daily transactions.
• Enhanced Client Trust: By proactively securing its trading platform and protecting client data, Aksha Khosla Tradewise enhanced its reputation as a trusted, secure brokerage firm, leading to increased client retention and satisfaction.

Conclusion

By partnering with NyuWay, Aksha Khosla Tradewise was able to secure its trading platforms, meet SEBI compliance requirements, and protect client data from cyber threats. NyuWay’s Managed Application Security Service (MASS) provided the firm with continuous security monitoring, real-time transaction protection, and regulatory compliance, enabling Aksha Khosla Tradewise to focus on expanding its business with confidence.

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Secure Your Brokerage Firm with NyuWay

If your brokerage firm faces similar security challenges, contact NyuWay today to learn how our Managed Application Security Service (MASS) solution can help protect your business and ensure compliance with industry regulations.