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Vietnam the safest country in Southeast Asia for online banking: Kaspersky

Russian cybersecurity firm Kaspersky recently described Vietnam as the safest country in Southeast Asia against the threat of financial attacks targeting banks, payment systems and online stores.
Vietnam the safest country in Southeast Asia for online banking: Kaspersky ảnh 1Illustrative image. (Photo: datalinknetworks.net)

Hanoi (VNA) – Russiancybersecurity firm Kaspersky recently described Vietnam as the safest country in Southeast Asia against the threat of financial attacks targeting banks, payment systems and onlinestores.

In an interview with Sputnik news agency, Yeo SiangTiong, Kaspersky’s general manager for Southeast Asia, said that the company's statistics showed the rate of scamsrelated to banks, payment systems and online stores in Vietnam was lower thanother countries in the region. The fraud rate was 26.36% in Vietnam while itwas 40.87% in Indonesia, 46.77% in Malaysia, 64,03% in the Philippines, 51.6% in Singapore and 56.35% in Thailand.

Regarding Vietnam's efforts in ensuring security against attackson the financial sector, Yeo said the increase in online transactions in thecountry during the COVID-19 pandemic was parallel with the rise of fraudsthrough the use of fake pages of popular payment systems such as Visa,Mastercard and PayPal.

It can be seen thatthe online transactions and shopping of users are increasingly improved, and thiscan be attributed to the ongoing efforts of the Government of Vietnam to raiseawareness on financial and data security in the context of mobile banking ande-wallets flourishing in the region.

Accordingto the Fintech and Digital Banking 2025 - Asia Pacific report by Backbase,mobile transactions are forecast to increase by 300% in Vietnam by 2025,thanks to the booming digital economy.

Vietnam is definitelyready for rapid digital transformation as well as ensuring a safer financialenvironment for organisations and individuals due to strong infrastructure andthreat intelligence sharing, Yeo said./.

VNA
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