Sebi invites an app to recruit a digital forensic service provider

Capital markets regulator Sebi is planning to hire an agency that will assist its research team in acquiring on-site data during searches and seizures.

In this regard, the Securities and Exchange Board of India (SEBI) has invited applications from qualified service providers with expertise in digital forensics services to acquire, extract and analyze digital evidence from mobile devices, computers and tablets, among others, on an ongoing basis.

This comes in the background of Sebi’s crackdown on entities allegedly involved in a fraud at the fore using the Telegram messaging app. Recently, the regulator carried out a search and seizure on the premises of several entities in multiple locations across the country in the matter.

In a notice on Tuesday, Sebi said the agency will be required to provide on-site assistance to a search and data-acquisition team on-site during searches and seizures.

In addition, it will have to perform forensic acquisitions/imaging of various types of digital devices, such as laptops, mobile phones, smartphones, tablets, hard drives, USB drives, CDs/DVDs, servers, etc.

The agency will be responsible for discovering, acquiring and analyzing data obtained from cloud networks and performing such analysis as required by investigative officers using forensic tools.

By listing the eligibility criteria, Sebi said the applicant must have at least five years of experience in digital forensics and must have at least 10 digital forensics professionals (full-time) who can perform the task of collecting Digital evidence and its analysis, among other things.

Interested agencies were asked to submit their applications by April 26.

(The title and image for this report may have been reformulated only by the Business Standard staff; the rest of the content is automatically generated from a shared feed.)

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