“Absolutely do not click on strange links, do not provide OTP/passwords to anyone”-Information Technology

That is a constant warning sent to users by banks and e-wallets.

Currently, Vietnam has more than 80 banks deploying the service Internet Banking, 44 banks have Mobile Banking and many organizations providing intermediary payment services, over 90,000 QR payment points and nearly 300,000 POS payment points. In the first 9 months of 2021, mobile payments increased by 76.2% in quantity and 88.3% in value, while Internet payments increased by 51.2% and 29.1% respectively over the same period in 2020. .

Besides, more than 85% of Vietnamese consumers already own at least one e-wallet or payment application, more than 42% have made contactless payments using mobile devices. In particular, 71% of users use e-wallets or payment applications at least once per week. These figures show that Vietnam is making strong strides towards a cashless society.

Cashless payment is “on the throne” in Vietnam, leading to many implications for network security. (Illustration)

Parallel with the development of cashless payment transactions is the increase of online fraud threats, appropriating personal information, user account information. Updating and equipping with the necessary knowledge to master transactions and avoid becoming a victim of scams is always the top concern not only of consumers but also of experts and activists. activities in this area to promote a clean, developing cashless consumption environment.

Faced with that situation, Youth Newspaper has cooperated with MoMo Wallet, ZION Joint Stock Company (ZaloPay e-wallet), HDBank, Tiki Joint Stock Company, ShoppePay E-wallet and Nam Truong Security Co., Ltd. Son organized a seminar “To be safe in non-cash payment transactions”.

At the seminar, Mr. Ngo Tran Vu – CEO of Nam Truong Son Security Co., Ltd. assessed that online fraud is increasing and becoming a big ‘business’ of cybercriminals. In Vietnam, the common scamming script and technique is that the bad guy lures the victim to click on the fake page, take over the account, then trick their friends, or pretend to be the police to ask for personal information. get OTP code…

“Despite being constantly warned, there are still many people who fall into traps and lose money and information. International experience shows that the end user is the weakest link and the most difficult to upgrade of the components in the security system. Once they have no sense of security, the most secure banking system is still difficult to protect an negligent user when transacting online,” warned Mr. Vu.

Mr. Ngo Tran Vu – CEO of Nam Truong Son Security Co., Ltd.

Nguyen Ba Diep – Co-Founder and Vice President of MoMo Wallet, said that recently, fraudulent acts in the online environment are happening more and more with constantly changing and more sophisticated forms. Therefore, the sense of protecting personal assets (including bank accounts, e-wallets) in the digital environment becomes more and more important.

“With more than 31 million users, we realize the role of MoMo in propagating, disseminating and helping users raise awareness about safety and security is growing. Currently, in addition to constantly updating, using security technologies and applying a fraud prevention system, MoMo constantly recommends not to click on strange links, and do not provide OTP/passwords to anyone. who to avoid losing money,” said Mr. Diep.

In addition, Ms. Truong Cam Thanh – President and General Director of ZION Joint Stock Company, the owner of the ZaloPay e-wallet, provided an additional perspective: “From our perspective, the e-commerce floor Electronic wallets – linked banks are all units that store important information of customers when participating in goods purchase and sale transactions and online payments.

Ms. Truong Cam Thanh – Chairman and General Director of ZION Joint Stock Company.

Therefore, according to her, in the short term, the parties must comply with safety and security standards when connecting to each other such as encrypting the transmission, ensuring data integrity on the transmission line, etc. In the long term, the parties All need to regularly review and comply with the regulations of the management agency, as well as have a channel to exchange and share information to promptly coordinate in troubleshooting and protecting customers.

Speakers at the seminar “To be safe in non-cash payment transactions” also forecast/commented until 2025, with the rapid development of technology and the acumen of young people, the market cashless payments will grow by 25%, leading to an extremely rapid increase in the number of online transactions.