Cyber-criminals target Vietnam finance-banking SMEs
Cybersecurity companies predict that the rise of cyberattacks will continue in 2021 in Vietnam.
Vietnam’s small and medium enterprises (SMEs) in the industry of finance-banking, especially those providing e-wallet services, are still the subject of cybercriminals, according to tech experts.
|Cyber-criminals target Vietnam finance-banking SMEs. Photo: Chien Cong|
Second in the list of favorite subjects of cyber crimes are SMEs providing internet-based services to customers (CRM products, logistics, e-commerce), according to Nguyen Huu Trung, founder of Cystack Cybersecurity JSC.
According to BKAV, Vietnamese network security solution provider, in 2020 alone, hundreds of billions of dongs were stolen through one-time password (OTP) hacking and banking security breach. The increasing threat of cyber-attacks against financial service providers is driving a major focus on cybersecurity, particularly in banking.
A recent survey in Southeast Asia conducted by Kaspersky showed that companies owning 50-250 employees in Indonesia, Thailand and Vietnam suffered the most phishing attacks in the region in 2020.
The fight against the Covid-19 pandemic is not over yet, so cybersecurity companies predict that the trend of cyberattacks will continue in 2021.
Effective early detection and response, as well as investment in technology to speed up response times, are key to reducing the impact of cybersecurity incidents and the costs associated with personal data theft as well as minimizing business losses, according to IBM.
- Vietnam targets 70% of population to have bank accounts in 2022
- Rising petrol prices contribute US$385 million to state budget revenue
- Vietnam looks for UK support in finalizing financial regulations: NA Chairman
- Vietnam c.bank reportedly sells over US$10 billion from FX reserves
- Vietnam Deputy PM expects no disruption to petrol supplies
- Standard Chartered launches new head office in Hanoi
HSBC revises up Vietnam’s GDP growth forecast to 6.9% in 2022
Ten prestigious Vietnam tech firms 2022 announced
Vietnam targets 70% of population to have bank accounts in 2022
Vietnam eyes stock market’s upgrade to emerging status before 2025
Vietnam to solidify macro-economic stability: PM
Vietnam's National Assembly to legalize commitments at COP26
Vietnam looks for UK support in finalizing financial regulations: NA Chairman
UK multinationals pledge long-term presence in Vietnam
Australian Foreign Minister enjoys Pho ga in Hanoi