Following a recent data breach at the National Credit Information Centre (CIC) and a surge in online scams, Vietnamese banks are stepping up cross-sector collaboration to protect financial data.

The Ho Chi Minh City Police has issued a warning to locals to watch out for online scams, following a cybersecurity breach at the National Credit Information Center (CIC) on September 11.

VOV.VN - The State Bank of Vietnam (SBV) on September 12 issued a statement to reassure clients following a data breach at the National Credit Information Centre (CIC).

A cybersecurity breach at the National Credit Information Center (CIC) has been confirmed by the Vietnam Cyber Emergency Response Center (VNCERT), with initial investigations pointing to a criminal cyberattack aimed at stealing personal data.

Many large corporations’ owners have accepted no salary during a difficult period, but other CEOs have received tens of billions of dong a year.

Vietnam’s credit registry coverage increased to 59.6% in 2020 from 41.8% in 2015, said Do Hoang Phong, director of the Vietnam Credit Information Centre (CIC).