as keeping it online you may risk the chance of getting hacked says varun mayya founder and ceo scenes by avalon 6 secure your personal device make sure all your personal devices are up to date with the latest virus definitions to defend against any vulnerabilities use a strong antivirus and firewall to enhance security the national cybersecurity alliance recommends an antispyware software to regularly check for malicious software base all your cryptocurrency activities and operations on a single device keep your work device as private as possible by using dedicated ips and private servers that keep your location name and activity anonymous it says the checklist gaurav dahake ceo founder bitbns offers a 6point checklist before investing in cryptos 1 never share login credentials with anyone2 never fall for a promise of big returns by anyone including crypto exchanges3 always secure your crypto wallet by not sharing the private key or seed phrase with anyone we always recommend storing the credentials information somewhere offline4 always use multifactor authentication5 always do your own research before investing in any of the tokens do not take any information online at face value6 always check the security feature offered by the exchanges before choosing any platform for investmentthe red flags watch out for the common red flags that are similar to credit card frauds1typographical errors and misspellings in emails or whatsapp telegram messages 2 promises to multiply your money3 fake influencers 4 promises of free moneywhat steps can we take to ensure we dont get scammed 1 refrain from taking any information at face valueinvestigate the claims being made around any investment especially if they seem too good to be true or promise overnight windfalls2 double and triplecheck the website urls scammers attempting a phishing scam will copy the url of legitimate sites and swap letters and numbers there are investment and business opportunity scams prevalent as well sometimes this scam takes the form of investment managers who offer to help grow your assets they will set up in what they will claim as an investment account for your crypto but you wont be able to access your money unless you pay them a fee says siddharth jaiswal founder and chief executive officer ceo sportzchain3 before investing look for reviews before one invests anything they need to check the companys website to find out how they protect their customers and look for reviews from other investors you could just lose the security key which is far more likely losing your security key is not the end of the world many services that support security keys require you to enroll multiple multifactor authenticators so you already have a secure backup in place if that doesnt help find a device you are still logged into and unenroll the key or add a new multifactor authentication option it is important to beware of suspicious initial coin offerings icos says puri 4 educate yourselfinvestors should do a comprehensive and detailed study of the cryptocurrency markets analyze