Taking advantage of the upcoming Tet (Lunar New Year) holiday, when demand for online transactions, payments, gifts and to send lucky money increases, many hacker groups are stepping up their fraudulent activities aimed at users of banking services and e-wallets.
Visa''s online transactions increased by 52 per cent year-on-year in the
nine-month period between September 2013 and June this year, with
online shoppers using their Visa debit cards more than ever to make
purchases, said a company official.
Financial institutions have to report international online transactions
worth more than US$1,000, or the equivalent in other currencies, to the
State Bank of Viet Nam''s (SBV) anti-money laundering department.
More than 68 per cent of the online transactions in Viet Nam are
vulnerable because of a newly detected security hole in the Secure
Socket Layer (SSL) protocol version 3.0.
Electronic payments for online transactions remained modest compared
with cash-on-delivery payments, according to a recent report of the
Ministry of Industry and Trade on e-commerce in Viet Nam.
One of Viet Nam''s largest commercial banks has joined forces with an
e-commerce retail company and a digital linkage service provider in
enabling customers to make online payments.
The Saigon - Hanoi Securities Joint Stock Company (SHS) this week
introduced the SHMobile system, which enables customers to do online
transactions via their mobile phones.