Tech-savvy criminals cost business dearly

Tech-savvy criminals are using information technology to commit serious crimes, causing great loss to businesses, especially banks, experts told a forum on high-tech crime held in HCM City on July 25.
Tech-savvy criminals are using information technology to commit seriouscrimes, causing great loss to businesses, especially banks, expertstold a forum on high-tech crime held in HCM City on July 25.

Vu Quoc Khanh, director of the Ministry of Information andCommunications' Vietnam Computer Emergency Response Team (VNCERT)categorised high-tech criminals into two groups.

Onegroup attacks servers through the distributed denial of service, orDDoS, and distributing viruses while the other uses computers to hackinto financial and banking systems and send advertisements to cheatcustomers, solicit funds and launder money.

Thiskind of crime threatens economic and political security and the safetyof national infrastructure and government agencies. In more advancedcountries, disaster is likely if criminals take control of informationnetworks.

In Vietnam, although high-tech crimes aremostly for economic and financial gain, protecting networks remains atop priority, Khanh added.

Nguyen The Thinh, head ofsystem security at the Vietnam Joint Stock Commercial Bank for Industryand Trade, said the banking sector is a favourite target for hi-techcriminals.

They often steal customers' information online to transfer money into their own accounts.

Another area of interest for them is online securities trading.

Bach Khoa Internet Security, which provides internet security ande-government solutions, studied 20 banks and reported the banking systemwas riddled with security holes.

Most banks did nothave systems to regularly monitor internet access or spot strangeoccurrences. They lacked a self-reliant and professional division tomonitor security.

Thinh said that besides the banks'efforts, customers' awareness of the need to keep information secure isalso very important.

Khanh said to keep the banking sector safe, a legal framework that complies with international law should be created.

Banks need to have skilled IT staff, raise awareness among employeesand customers, increase the use of digital signatures, and ensureinternal security, he added./.

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