State Securities Commission warns of identity thefts

PSNews - The State Securities Commission (SSC) recenty issued a document warning securities firms that several criminals have been exploiting security holes to hack into their IT systems.

 State Securities Commission warns of identity thefts -0
Illustrative image. 

In particular, the criminals have already obtained some pieces of identity information, including the user name and password of several clients.

With such information, the criminals will take control of the client's securities accounts and steal their money through various transactions.

Therefore, SSC has sent official documents to securities firms urging them to promptly find and fix any security vulnerabilities in their IT systems, particularly in online securities trading systems and other internet-connected systems.

The commission also urges securities firms to revise the transaction authentication process to reduce transaction risks. It suggests instant OTP verification for money transfer, money withdrawal, and any securities accounts changes.

Securities firms are also called on to put out warnings about identity thefts and request their clients to immediately change their current securities account passwords for security reasons.

Lastly, SSC recommends that securities firms keep their clients well-informed about the risks of personal data leaks and suggests ways to reduce such risks, including frequently changing securities accounts passwords and not sharing the passwords with accounts of different types.

By A.N

Other News

AI offers both opportunities, challenges for Vietnam's growth

AI offers both opportunities, challenges for Vietnam's growth

Dr. Ho Duc Thang, a full-time member of the National Assembly’s Committee for Cultural and Educational, said productivity is the key to sustaining double-digit economic growth, and AI has greater potential to improve productivity than any previous technology.

Top leader unveils people-centred vision for new development model

Top leader unveils people-centred vision for new development model

Vietnam's growth model, long fueled by low-cost labour, resource extraction, contract manufacturing, expanded investment, and capital accumulation, has run out of road. The country now needs a sweeping reform agenda to shift from extensive growth to a model driven by productivity, knowledge, science and technology, innovation, and digital transformation.

First national semiconductor chip prototyping support centre makes debut

First national semiconductor chip prototyping support centre makes debut

Vietnam's semiconductor ecosystem now comprises around 60 chip design companies, some 7,000 chip design engineers and 166 universities offering semiconductor-related training programmes. Initial registrations from 12 organisations indicate demand for the prototyping of approximately 30,000 chips.

Vietnam targets at least 10 large strategic technology firms by 2030

Vietnam targets at least 10 large strategic technology firms by 2030

Deputy Prime Minister Ho Quoc Dung has signed a decision approving a plan to develop large domestic strategic technology enterprises in the 2026–2030 period, aimed at advancing digital infrastructure, digital human resources, digital data, strategic technologies and cybersecurity.

Protecting users crucial in building digital trust: Experts

Protecting users crucial in building digital trust: Experts

In Vietnam, digital transformation in the finance and banking sector is accelerating cashless payments, expanding access to financial services, improving market transparency and supporting economic growth and macroeconomic management.

Fostering skilled workforce for innovation era: experts

Fostering skilled workforce for innovation era: experts

Experts said close coordination among State management agencies, research institutes, universities, and businesses will improve training quality and serve the dual goals of quality education and practical research application.

Startup forum bridges Silicon Valley and local innovation ecosystem

Startup forum bridges Silicon Valley and local innovation ecosystem

The University of Economics Ho Chi Minh City (UEH), Saigon Asset Management (SAM), and Plug and Play Tech Centre co-hosted the “From Vietnam to Silicon Valley” forum, exploring AI innovation, venture capital, and pathways to integrate Vietnam’s startup ecosystem with Silicon Valley and global markets.