Vietnamese users lose VND 12,300 billion from computer viruses in 2017

The Hanoitimes – Vietnam’s leading internet security firm, Bach Khoa Internetwork Security Centre (BKAV), announced that Vietnamese users lost some 12.3 trillion VND (540 million USD) in 2017 due to viruses. The figure released by BKAV on its website recently showed that this year’s figure was much higher than last year’s 10.4 trillion VND. “It is expected that Vietnam would continue to face malware attacks, such as ransomware and malware containing crypto-mining tools,” BKAV said.   The results were calculated from BKAV’s network security assessment in December 2017. It said that losses from viruses in Vietnam reached record levels in recent years. In big economies such as the United States, China, Japan and Germany, it caused damages of 200 billion USD a year. The network security in Vietnam in 2017 saw issues of increasing attacks on Internet of Things (IoT) devices, a boom of fake news and malware containing crypto-mining tools. Specifically, this year saw a surge in cryptocurrencies worldwide. This has promoted hackers to strengthen their network attacks on computers to turn them into crypto-mining tools. There are two popular attacks, including taking advantage of website flaws and of social networks to spread viruses. Hackers often choose websites with a high number of users to install malware containing crypto-mining tools. When people access the websites, the malware is activated. As more than 40 percent of websites in Vietnam have flaws, they would be the targets of hackers in spreading malware containing crypto-mining tools. Hackers also spread the virus through…

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