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In a recent cybersecurity assessment conducted by a private cybersecurity entity, Vietnamese users experienced estimated losses of 17.3 trillion VND (716 million USD) due to computer viruses in 2023. While this figure represents a decrease compared to previous years, the cybersecurity landscape in Vietnam continues to present challenges, particularly with the rise of data-encrypting virus attacks targeting critical servers.
Despite advancements in technology, computers without internet connections still confront Advanced Persistent Threats (APTs), showcasing the adaptability of cyber threats. Additionally, the persistent threat of online financial fraud remains unabated.
The company’s malware monitoring and warning system reported a concerning statistic in 2023, with approximately 745,000 computers infected by account-stealing malware (targeting platforms like Facebook and banking). This marks a significant 40% increase compared to the previous year. Notably, viruses such as RedLineStealer, ArkeiStealer, and Fabookie ranked among the top 20 most prevalent viruses in Vietnam.
The primary avenue for the spread of data-stealing viruses is through the use of cracked software. The survey revealed a staggering 53% of computers in Vietnam utilise unlicensed software, commonly in the form of crack versions. Unsurprisingly, this contributes to the alarming statistic that around 10% of users in Vietnam fell victim to cyberattacks, resulting in compromised social networks, emails, and bank accounts.
The correlation between unlicensed software usage and cybersecurity threats underscores the need for increased awareness and education regarding the risks associated with using unauthorised applications. Addressing software piracy could potentially mitigate the impact of cyber threats on users.
The cybersecurity assessment also shed light on the escalating trend of fraudulent messages and calls, with the ratio of users receiving such communications reaching 73% in 2023. Online financial fraud has become a widespread concern, affecting individuals across all socio-economic classes and geographical locations.
As technology evolves, so do the tactics employed by cybercriminals. The challenge for individuals and organisations alike is to stay vigilant and implement robust cybersecurity measures to safeguard against an ever-expanding array of threats. Cyber hygiene practices, such as using licensed software, regularly updating antivirus programmes, and educating users about potential risks, are crucial in fortifying defences against the evolving cyber threat landscape.
The findings from the assessment highlight the persistent nature of cybersecurity challenges in Vietnam. The increasing prevalence of data-encrypting viruses and the correlation with unlicensed software usage underscore the need for a multi-faceted approach, involving both technological solutions and user awareness campaigns. As the digital landscape continues to evolve, staying ahead of cyber threats requires collective efforts from individuals, businesses, and the cybersecurity community at large.
Vietnam is actively pursuing comprehensive measures to establish a secure digital landscape, reflecting its dedication to citizen well-being. The nation aims to fortify cybersecurity, protect sensitive data, and uphold privacy standards as integral components of its commitment to fostering a safe and resilient online environment.
In alignment with its commitment to ensuring a secure digital environment, OpenGov Asia reported that the Authority of Broadcasting and Electronic Information, operating under the Ministry of Information and Communications (MIC), partnered with major tech platforms in 2023 to combat the spread of toxic information and fake news.
This collaborative effort mandated platforms to swiftly address content infringing Vietnamese law, leading to a remarkable response rate surpassing 90% for removal requests and a reduced processing time of 3-24 hours for handling and blocking violations
Similarly, in another OpenGov Asia piece, the Ministry of Industry and Trade (MoIT) has taken proactive measures to safeguard consumer rights, addressing the mounting complaints and concerns arising in the dynamic landscape of e-commerce, which encompasses online exchanges, e-commerce platforms, and social networks.
