VOV.VN - Police in Ho Chi Minh City have uncovered a suspected high-tech fraud operation after discovering 85 foreign nationals and hundreds of electronic devices inside a hotel believed to have been used as a base for online scam activities.

As financial fraud and online scams become increasingly sophisticated, Vietnamese banks are tightening transaction controls and deploying digital tools to detect risks earlier and better protect customers.​

VOV.VN - Police in northern Cao Bang province have dismantled a large transnational cyber fraud ring that allegedly swindled more than VND2.3 trillion (about US$90 million), arresting dozens of suspects after a months-long investigation.

VOV.VN - Hanoi Police warned on April 7 that foreign groups using tourist visas to rent high-end apartments and create company cover have been involved in online fraud and cross-border gambling in the city, with multiple cases identified.

Vietnamese authorities and cybersecurity experts have warned that online scams are becoming increasingly sophisticated, with criminals now using deepfake technology to impersonate individuals and organisations, making fraud far more difficult to detect.

VOV.VN - Vietnamese victims have lost nearly VND40 trillion (about US$1.6 billion) to more than 24,000 online scams since 2020, as cybercriminals increasingly use sophisticated tactics and exploit psychological vulnerabilities, according to the Ministry of Public Security.

VOV.VN - Vietnam has called for enhanced global cooperation to tackle online scam crimes, stressing the need for collective action, respect for international law and faster information sharing to ensure a safe and secure digital environment.

The Ministry of Foreign Affairs is working closely with Vietnamese embassies in Myanmar and Thailand to protect Vietnamese citizens affected by recent crackdowns on online scam operations in Myanmar, Foreign Ministry spokesperson Pham Thu Hang said at a press conference in Hanoi on November 6.

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.