Vietnamese businesses fear future ransomware attacks

Some 200,000 systems were affected by the WannaCry attack in 150 countries in May, bringing many businesses to their knees and causing huge costs as companies fought to resolve the issue and get up and running again.Awareness of the severity of ransomware is rising, and against this backdrop an increasing number of businesses are now seeking to protect themselves.The ‘2017 Global IT Security Risks Survey’ from Kaspersky Lab and B2B International revealed that the total financial impact of a ransomware attack on a company can amount to US$713,224 on average.Kaspersky Lab recently introduced a new generation of its anti-ransomware tool…… [read more]

As a result, ransomware attacks soared around the globe by more than 11% in the 12 months leading to March 2017, said the report.Ransomware is a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files unless a ransom is paid. Operators commonly specify ransom payments in bitcoins. Recent ransomware variants have also listed alternative payment options using iTunes and Amazon gift cards.Ransomware infections were initially limited to Russia, but its popularity and profitable business model soon rapidly spread to other countries across Europe and North…… [read more]

Two-in-three managed services providers suffer from a shortage of qualified cybersecurity staff, according to a report by Russian computer security specialists Kaspersky Lab. As a result, ransomware attacks soared around the globe by more than 11% in the 12 months leading to March 2017, said the report. Ransomware is a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files unless a ransom is paid. Operators commonly specify ransom payments in bitcoins. Recent ransomware variants have also listed alternative payment options using iTunes and Amazon gift…… [read more]

The spread of WannaCry ransomware has been wreaking havoc across the world since Friday, and several Vietnamese businesses and agencies are advised to take cautions. The VNCERT, under the Ministry of Information and Communications, has issued warnings as well as offered protection measures to all users to guard against the ransomware and its variations, which target Microsoft Windows – an operating system that is widely used in Việt Nam, especially the outdated Windows XP. Kaspersky has listed Viet Nam among the top 20 countries most affected by this ransomware; the other countries and territories include Russia, Ukraine, India, Taiwan, and…… [read more]

VietNamNet Bridge – The Tin Thanh Group has bought Oakwood State Bank in the US and has changed its name to Tin Thanh Oakwood Bank Corp. This is one of the oldest banks in the US with a 116-year history. The takeover deal was made in September 2016.The small bank has only one branch in Oakwood, Texas. The updates by July 28, 2017 on ibanknet.com show that the bank has 21 officers and total assets of $34.811 million.Some analysts were surprised about the deal. “I wonder how a Vietnamese business can buy a bank in the US. Even if you have…… [read more]

The HCM City People’s Committee has instructed the Department of Communication and Information and other relevant agencies to take urgent action to ward off the threat from the Petrwrap ransomware attack. The computer system of WPP, the biggest advertising company in the world, was attacked by the Petrwrap virus on June 27.  Petrwrap is a powerful new ransomware which denies access to a computer system and then demands money from users to regain access. It is thought to have begun in Ukraine in mid-June before spreading across the world, hitting banks, government sites and energy firms. Viet Nam has been…… [read more]

On November 22, 2017, Vietnam Internet Association (VIA) organised the Internet Day. With the topic “”DIGITAL TRANSFER, Internet – The platform for Vietnamese businesses to integrate into digital economy”, Internet Day 2017 is the place where enterprises meet, discuss and raise awareness about digital resources and economy. Through two sessions on “Digital Resources – Opportunities and Challenges” and “Digital Economy in Vietnam – What’s New for Vietnamese Enterprises”, businesses are provided with information on the value transfer process of traditional telecommunication and other types of Internet access, have chance to meet and discuss with experts on opportunities and challenges of…… [read more]

Through the two sessions on “Digital Resources–Opportunities and Challenges” and “Digital Economy in Vietnam–What’s New for Vietnamese Enterprises,” businesses were provided with information on the value transfer process of traditional telecommunications and other types of Internet access, have a chance to meet and discuss with experts opportunities and challenges facing Vietnamese enterprises in e-commerce and value-added services on the Internet, as well as new business opportunities like fintech and blockchain.Accordingly, Vietnamese enterprises are aware of the importance of making changes to take the initiative to approach the digital economy.”As the traditional economy is approaching saturation, the electronic or digital economy…… [read more]

Thai police patrol in Bangkok (Source: EPA)Bangkok (VNA) – Thai authorities havetaken measures to tighten security in the fear of reprisal attacks ahead of thetwo-year anniversary of the Erawan shrine bomb blast in Bangkok, Thailand.The army and police were ordered to keep a closeeye on any moves of the extremist forces, particularly the Uighur network dueto a theory that the Uighur people were involved in the bomb attack on August17, 2015, as a result of the Thai government’s decision to arrest and deporthundreds of Uighur ethnic minority.Supervision and monitoring work at border gateshave been strengthened to prevent extremists, particularly members…… [read more]

PM Dung congratulated Myanmar on its successful organization of the 24th ASEAN Summit, noting that in his meeting with President Thein Sein President, both sides agreed to promote stronger cooperation between the two countries in economics, trade and investment.They also consented to boost cooperation with other ASEAN countries for strengthened solidarity towards building a united ASEAN Community by 2015 and have ASEAN’s common voice in dealing with regional and international affairs including the East Sea issue.Regarding economic, trade and investment cooperation, Dung suggested the two countries should reexamine and promote 12 key cooperative areas as agreed by senior leaders such…… [read more]