The company is gradually restoring its operations, but it will not be easy to regain the trust of investors.
The Vietnamese brokerage market is experiencing serious turmoil after VNDirect, one of the country's largest securities players, was subjected to a large-scale cyber attack. The events of recent days have had a significant impact on the work of exchanges and investor confidence.
The company, which ranks third among brokers in Vietnam in terms of volume of operations, faced difficulties in restoring its services after the attack that occurred last weekend, March 23-24.
The company announced plans to gradually restore access to its services, starting with customer accounts and ending with financial products. However, it is precisely because of the step-by-step approach, as well as the high load on the company's systems, that customers have problems with access. The organization called for patience and asked customers to wait.
The impact of the attack is felt not only for VNDirect itself, but also for the Vietnamese stock market as a whole. So, the Hanoi Stock Exchange (HNX) decided to temporarily suspend online trading of securities through the VNDirect platform until the problem is fully resolved.
The crisis is also reflected in the value of VNDirect shares, which have lost about 4% since the beginning of the week. In addition, the volume of transactions on the Ho Chi Minh City exchange fell by 10%, as VNDirect customers could not perform trading operations.
A representative of the State Securities Commission of Vietnam expressed the opinion that the attack will not have a noticeable impact on the country's financial institutions, emphasizing that other brokers were not affected.
The CEO of VNDirect emphasized the seriousness of the situation, pointing out that the attack was organized by professional APT hackers, whose goal was to encrypt the company's data. It also reported that the locked data was successfully decrypted and the system recovery process was initiated. According to the company, the attack did not affect the assets or personal data of customers.
In addition to VNDirect's problems, several related companies, including investment firm IPA and the IPAAM foundation, were also targeted by cyber attacks. Their websites remain unavailable, which further worsens the situation in the Vietnamese stock market.
This situation demonstrates the need to raise awareness among all market participants about the risks of cyber attacks and the importance of collective efforts in the field of financial sector cybersecurity.
The Vietnamese brokerage market is experiencing serious turmoil after VNDirect, one of the country's largest securities players, was subjected to a large-scale cyber attack. The events of recent days have had a significant impact on the work of exchanges and investor confidence.
The company, which ranks third among brokers in Vietnam in terms of volume of operations, faced difficulties in restoring its services after the attack that occurred last weekend, March 23-24.
The company announced plans to gradually restore access to its services, starting with customer accounts and ending with financial products. However, it is precisely because of the step-by-step approach, as well as the high load on the company's systems, that customers have problems with access. The organization called for patience and asked customers to wait.
The impact of the attack is felt not only for VNDirect itself, but also for the Vietnamese stock market as a whole. So, the Hanoi Stock Exchange (HNX) decided to temporarily suspend online trading of securities through the VNDirect platform until the problem is fully resolved.
The crisis is also reflected in the value of VNDirect shares, which have lost about 4% since the beginning of the week. In addition, the volume of transactions on the Ho Chi Minh City exchange fell by 10%, as VNDirect customers could not perform trading operations.
A representative of the State Securities Commission of Vietnam expressed the opinion that the attack will not have a noticeable impact on the country's financial institutions, emphasizing that other brokers were not affected.
The CEO of VNDirect emphasized the seriousness of the situation, pointing out that the attack was organized by professional APT hackers, whose goal was to encrypt the company's data. It also reported that the locked data was successfully decrypted and the system recovery process was initiated. According to the company, the attack did not affect the assets or personal data of customers.
In addition to VNDirect's problems, several related companies, including investment firm IPA and the IPAAM foundation, were also targeted by cyber attacks. Their websites remain unavailable, which further worsens the situation in the Vietnamese stock market.
This situation demonstrates the need to raise awareness among all market participants about the risks of cyber attacks and the importance of collective efforts in the field of financial sector cybersecurity.
