The State Bank of Vietnam (SBV) has reaffirmed its commitment to bolstering cybersecurity across the financial sector as part of its broader digital transformation strategy. At a recent conference themed “Cybersecurity in the Banking Sector in the Context of Digital Transformation,” SBV officials emphasized the need for advanced security measures to safeguard national financial infrastructure.

Nguyễn Thị Thanh Hương, Deputy Director of SBV’s Information Technology Department, highlighted that as digital services in banking continue to grow, so do threats from cybercriminals. In the first quarter of 2024 alone, there was a noticeable rise in phishing, account hijacking, and other malicious attacks targeting customers of major Vietnamese banks.

The SBV’s representative from the Banking Supervision Agency also stressed that digital transformation must go hand in hand with robust information security protocols. As banks digitize operations and services, the risks of data breaches and cyberattacks increase, threatening customer trust and system integrity.

To counter these challenges, the SBV is working closely with credit institutions to implement the National Digital Transformation Program and the Banking Sector Digital Transformation Plan to 2025, with a vision to 2030. This includes upgrading infrastructure, adopting international security standards, and improving staff capacity in cybersecurity management.

The conference called on all banking entities to prioritize cybersecurity as a strategic goal. Only by strengthening defenses and investing in modern technologies can Vietnam’s banking system achieve sustainable digital growth.

Through this initiative, the SBV hopes to ensure a secure, transparent, and resilient digital banking environment, aligning with national goals for innovation and economic development in the Fourth Industrial Revolution.