The State Securities Commission under the Vietnamese Ministry of Finance has already issued a security warning related to the information technology system of securities companies.

Accordingly, through closely working with security agencies, the State Securities Commission discovered that some “hackers” were trying to access information technology systems of securities companies through “security holes” to grasp some specific information of customers such as usernames and login passwords, thereby being able to hijack investors' securities trading accounts to make securities trading transactions, money transfer, withdrawal and the appropriation of client assets.

In a bid to cope with this issue of deep concern, the State Securities Commission recommends securities companies to review security holes in their information technology systems, especially online securities trading systems and those connected to the internet in order to promptly fix security holes (if any).

Another recommendation is that securities companies should perform security updates of server operating systems, databases, and other IT equipment.

In addition, they must also re-check the process during which investors perform online transaction authentication, adjust the system so that the customer's money transfer, money advance, account change transactions must be authenticated via OTP immediately.

It is also suggested that securities companies must publicly announce, time take measures to contact each investor to request a change in user password, implement measures to protect their account information such as periodically changing passwords, avoiding sharing securities trading passwords with other types of personal accounts.

Reporting MAI QUE – Translating by A.THU