February 29, 2024

We are creating some awesome events for you. Kindly bear with us.

Vietnam to use human resources and tech to curb cyber attacks

mage credit: Ministry of Information and Communications

The Ministry of Public Security (MPS) recently held the 13th Security World conference aimed to enhance data security, safety, and security for the financial banking and state management agencies.

During the event, the Ministry said that cyberattacks are increasingly complicated and dangerous. This requires a comprehensive security solution encompassing regulations, technology, and human resources.

The world has witnessed a lot of hacker attacks on the major bank systems of the world, stealing tens of millions of euros and dollars. Many banks and important information systems in Vietnam have also suffered cyberattacks with great economic losses.

According to the deputy director of the Department of Cyber Security and Hi-Tech Crime Prevention, methods to steal card information and counterfeiting cards (skimming) are becoming sophisticated in Vietnam. Currently, the country has about 70 million domestic cards that can be targeted by criminals.

He noted that in 2018 and early 2019, many foreigners traveling to Vietnam used fake cards to conduct fraudulent transactions and pay bills/services through point-of-sale (POS) machines, stealing hundreds of millions of dollars.

The deputy director of the Department of Information Security, Ministry of Information and Communications (MIC) said that the digital transformation of the economy in the field of finance-banking has brought a lot of non-cash payment options on mobile and internet platforms.

There are many risks of information security due to the increasingly sophisticated hacker attacks, causing serious economic damage, as well as damaging the reputation of financial and banking institutions.

There are five main trends in cybersecurity in Vietnam in 2019. These include attacks on e-commerce and financial-banking systems to steal information and users’ data; attacks on state agencies and organisations; impersonating agencies, organisations, and individuals to spread malicious information on the cyberspace; using artificial intelligence to spread malware; attacking infrastructure or IoT devices.

The director of the Vietnam Computer Emergency Response Team (VNCERT), a government cybersecurity co-ordination centre under the MIC, said that Vietnam is among the top ten countries with the highest incidence of computer zombies.

In the first quarter of 2019, 28 million out of 79 million events of information insecurity discovered by VNCERT were classified as high danger level. The number of highly dangerous events is increasing.

According to experts at the conference, to ensure security, besides the elements of technology, and regulations, human resources is very important.

The country should invest in human resources along with co-operating with professional security service providers. Users’ awareness and data backup is also a crucial element.

The latest statistics from the State Bank of Vietnam show that there were 26 organisations providing e-wallet services for about 10,000 customers in Vietnam.

By the end of last year, there were 4.2 million e-wallets linked to bank accounts. On average, the whole banking system handled VN ₫300 trillion (US $13.04 billion) per day in 2018, up 25% compared to 2017.

Furthermore, according to the statistics of the National Cyber ​​Security Centre under the MIC, in 2018 there were 10,220 cyberattacks on information systems in the country. There were 5,932 phishing attacks; 3,198 interface change attacks; 1,090 attacks installing malicious code.

Particularly in the banking sector and business system connecting with banks, many sophisticated attacks took place, revealing customer data leading to worrying consequences.

PARTNER

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.

PARTNER

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.

PARTNER

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.

SUPPORTING ORGANISATION

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.

PARTNER

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. 

PARTNER

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.

Send this to a friend