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10 Ways to Protect Your Demat Account against Online Scamsters

  • Sep 13, 2024

To safeguard your personal and financial information, it is essential to be proactive.

Here are 10 vital tips from the Cyber Security experts at Sharekhan to protect your Demat account from potential threats and ensure your online security.


1. Use Strong, Unique Passwords: Always create strong, unique, and alphanumeric passwords for your accounts. Avoid using easily guessed information like birthdays or common words, and regularly update your passwords.

2. Never Share Your Login Credentials: Keep your login details and passwords confidential. Never share this information over phone calls, emails, SMS, or public social media platforms, especially if unsolicited.

3. Keep Sensitive Information Private: Always remember that your Passwords, PINs, Access Code, Card numbers, CVV number are all highly confidential. Avoid sharing them under any circumstances, even company representatives/colleagues.

4. Avoid Public Wi-Fi for Sensitive Activities: Refrain from conducting financial transactions or accessing sensitive information over public WiFi networks, which are often unsecured and prone to hacking.

5. Verify Requests for Sensitive Information: If you receive any request for money or sensitive information, always verify its legitimacy by contacting the organisation directly through official channels before taking any action.

6. Enable MFA (Multi-Factor Authentication): Add an extra layer of security to your accounts by enabling MFA, which requires multiple verification methods to access your accounts.

7. Watch Out for Urgent Emails: Be cautious of emails that urge you to take immediate action. Scammers often create a sense of urgency to manipulate users into providing sensitive information.

8. Limit Sharing Personal Information on Social Media: Avoid sharing PII (Personally Identifiable information) like your birthdate, address, or phone number on social media platforms, as this information can be used in phishing attacks.

9. Keep Anti-virus Software Updated: Regularly update your antivirus software to protect your devices from malware, viruses, and other cyber threats. An updated system is a secure system.

10. Be Wary of Unverified Downloads: Avoid downloading software or applications from unverified sources or links in emails. Always conduct thorough research before installing anything on your devices.

Your digital data is highly sensitive and must be protected from increasing threats posed by cybercriminals. By following these safety guidelines recommended by our Cyber Security professionals, you can significantly reduce your risk of falling victim to online scams and ensure the safety of your personal information.

Stay informed by regularly checking Cyber Security updates sent by Sharekhan for additional tips on protecting your online presence. Stay Secure, Trade Safe!

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by Team Mirae Asset Sharekhan

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We've been ranked as India’s No. 1 Retail Broker by Asiamoney Brokers Poll 2023. Here, we bring you the latest in the world of Trading and Investments in our effort to Make the Markets work for YOU!

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