InvestorQ : Can you tell me about the recent data breach at CDSL? Is our personal data and stocks safe out there?
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Can you tell me about the recent data breach at CDSL? Is our personal data and stocks safe out there?

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Riya Dwivedi answered.
3 weeks ago
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The problem had been reported by cyber security consultancy start-up, CyberX9. The outfit had reported that CDSL Ventures, a subsidiary of CDSL, may have probably exposed personal and financial data of nearly 40 million Indian investors on two occasions in the last few weeks. CDSL is India’s largest depository in terms of number of demat accounts.

While CDSL has more number of demat accounts, NSDL still has over 85% of asset value under demat custody. According to the CyberX9 report, the vulnerability on 19-Oct had taken 7 days to rectify, which should have ideally happened immediately. It is not yet clear if any outside person could gain any access to the data, although the company and its parent have stoutly denied any such event.

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