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Securities companies are required to report on system security



After the VNDirect system was attacked and could not be fixed, the Securities Commission requested other securities companies to jointly review system security issues.

The document was sent by the Securities Commission to each market member, requesting to immediately review and check system security methods, especially stock trading systems and network connections to promptly fix problems. Security holes, if any.

"In case the company detects signs of insecurity, it must be proactive and focus resources to handle and overcome," the Securities Commission said and requested companies to urgently review and report. Report inspection results and remediation plans (if any) before April 1.

Previously, on March 24, VNDirect said that the entire system was attacked by an international organization, leading to the entire trading platform being temporarily suspended. As of this morning (March 3), after two days of problems, this company's website still only shows a notice about the problem. Trading platforms are not yet accessible.

In a statement released on the morning of March 25, VNDirect said it is working with partners who are leading technology corporations in Vietnam, as well as coordinating with the Department of Cyber ​​Security and preventing and combating crimes using the Internet. using high technology (A3) and the Department of Cyber ​​Security and Crime Prevention using high technology (PA05) to ensure the prevention of similar incidents.

"All customer information and assets are guaranteed to be safe and not affected by the attack," VNDirect said, adding that the incident only affected transactions, they are best efforts to restore the entire system.

Hanoi Stock Exchange (HNX) and Ho Chi Minh City Stock Exchange (HoSE) both announced the disconnection of remote and online trading on VNDirect's markets to the two exchanges from March 25. This is done until the company completely fixes the problem. Other members still connect and transact normally.

After VNDirect announced that its system was attacked, member and related companies also reported the same situation. Postal Insurance Corporation (PTI) said the system was attacked since the morning of March 24, while the websites of IPA Investment Group and IPAAM were inaccessible.

VNDirect Securities was established in 2006, and is one of the largest members of the market. In 2023, this company ranks third in brokerage market share on HoSE, with 7,01%. Market share size is second only to SSI and VPS.

By the end of 2023, the company's total assets will reach more than 41.000 billion VND, equity capital will be over 12.100 billion VND. VNDirect manages more than VND 83.000 billion in assets and liabilities of customers.

Minh Son




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