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Vietnam Bolstering Cybersecurity

In 2022, computer virus-induced damages accounted for 0.24% or VND 21.2 trillion (US$ 883 million) of the national GDP. The figure is relatively low compared to the rest of the world, according to a press release.

Statistics reveal that 180,000 computers in businesses and organisations based in Vietnam have been affected by Advanced Persistent Threat (APT) attacks this year, mostly via emails having malicious codes in the attachments. Internet users falsely believing that document files are harmless has led to a boom in malicious code spread this year, with more than 1.5 million computers in Vietnam being infected.

One of the most popular viruses is FileStealer, aiming at stealing data files. It entered 750,000 computers in the country via USB or fake icons of popular document software pieces. Furthermore, in 2022, many individuals have become victims of online financial scams. 3 out of 4 phone users in Vietnam have already received online financial fraud messages or calls.

About 6.8 million people in Vietnam taking part in the cryptocurrency market, among the top countries in the world. This results in various potential security risks since such a market is rather new, incomplete, and unrecognised in many nations, including Vietnam. Based on blockchain technology, consensus mechanism, and finite number algorithm, this currency can be easily manipulated and controlled by its issuer or rumours of the public.

Industry experts predict that scams via phone messages or calls will still be popular next year. The higher the awareness of the community, the more sophisticated hackers’ activities are. Attractive financial returns will also make ransomware continue to flourish in the coming year. APT attacks aiming at espionage will also increase in 2023.

The country ranked 25th out of 194 countries in the Global Cybersecurity Index released last year. As OpenGov Asia reported, Vietnam earned an overall score of 94.59 out of the total 100, with improvement recorded across all five pillars – Legal Measures (20/20), Cooperative Measures (20/20), Technical Measures (16.31/20), Organisational Measures (18.98/20), and Capacity Development (19.26/20).

In October this year, the country’s Prime Minister, Pham Minh Chinh, issued Directive No. 18/CT-TTg on accelerating the implementation of activities to respond to cybersecurity incidents in Vietnam. The directive states that cybersecurity is an important, cross-cutting pillar in the creation of digital trust. Its promotion will protect the country’s prosperous development in the digital era as the country attempts comprehensive national digital transformation.

According to the Ministry of Information and Communications (MIC), responding to cybersecurity incidents is a key and urgent activity to help agencies and organisations minimise damage from cyberattacks. The government will pay more attention to reviewing, detecting, and fixing vulnerabilities and weaknesses. It will proactively monitor and detect any network information insecurity risks to promptly handle incidents. It will strictly implement regulations on reporting online information security incidents.

The Prime Minister urged stakeholders to thoroughly grasp the contents of the Directive and devise measures to address and timely handle cybersecurity incidents. Stakeholders include ministers, heads of ministerial-level agencies, chairpersons of the People’s Committees of provinces and centrally-run cities, presidents and general directors of corporations, state corporations, and enterprises that are members (or have affiliated units as members) of the National Cyber Information Security Incident Response Network.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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