Vietnam's Prime Minister Pham Minh Trinh has issued a directive calling on ministries, sector bodies and local government agencies to conduct a thorough review of the country's cybersecurity situation.
Ransomware incidents since late March have targeted high-profile companies including financial advisory firm VnDirect, fuel service station chain PVOil and telecommunications service providers, highlighting the urgent need for comprehensive cybersecurity measures. There is. According to DFDL's assessment, Vietnam ranks 12th in the world in internet usage with 72 million users, but there is a lack of coordination between government agencies and the private sector, and cybersecurity awareness is low. This is still insufficient.
The damage caused by cyber-attacks leads to significant economic losses due to the proliferation of phishing, fraudulent calls, and data breaches. Cybersecurity software company Bkav Corporation said in an assessment conducted last December that computer viruses are causing an estimated loss of VND17.3 trillion (US$716 million) to its Vietnamese users in 2023. It turns out. In response to this directive, DFDL recommends that businesses take the following steps to improve security: Cybersecurity compliance:
· Proactively establish measures to ensure the security of information for businesses and national authorities (e.g. Vietnam Cybersecurity Emergency Response Team/Coordination Center (VNCERT/CC)) in the event of a cyber-attack or cybersecurity incident; .
· For information on detecting cybersecurity incidents in Vietnam, please contact VNCERT/CC through the contact information provided on the website https://vncert.vn/ and the Department of Cybersecurity and High-Tech Crime Prevention (DCHCP). We will proactively report any occurrences within 72 hours. A data privacy breach regarding Vietnamese citizens occurred.
· Comply with data localization and submission requirements for data processing impact assessment documentation and data cross-border transfer impact assessment documentation.and
· Coordinate with state agencies as requested.
