While impersonating securities firms and businesses for fraudulent activities is not a new issue, these scammers are evolving with more sophisticated tricks.
The growth of deepfake crime has become a major concern as technology development continues to reshape the social media and traditional media landscapes, experts said.
Online scams in the first six months of 2023 grew by 65 per cent compared to the same period in 2022. Notably, about 13,000 people fell victim to cybercriminals last year.
As Việt Nam was promoting and accelerating digital transformation, many took advantage of the boom in information technology and convenience it brought to carry out online frauds to illegally appropriate assets.
More data breaches by unidentified attackers, increasing advanced scams, and more attacks on cryptocurrency businesses and the non-fungible token industry are among the top trends to look for in 2022 in Southeast Asia, according to global cybersecurity firm Kaspersky.
The Ministry of Industry and Trade’s Vietnam Competition Authority (VCA) has warned local consumers to be cautious about taking out online loans amid rampant scams.
According to a survey by the Vietnam E-Commerce Association, 80 per cent of mobile phone users easily provide information about their phone numbers in supermarkets and shops, especially on online sales platforms.
Many banks are likely to seek an increase in their credit limits like they did in previous years when they used up their assigned quota halfway through the year.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have issued official warnings to customers over online phishing scams.