Online financial fraud on the rise in Vietnam's cyberspace

In a warning about a new form of popular phone fraud, VNCERT/CC under the Department of Information Security ( Ministry of Information and Communications ) said that recently, many people have received text messages and calls inviting and introducing preferential loan programs from subjects claiming to be employees of financial institutions.

Online financial fraud is on the rise in Vietnam's cyberspace.

Specifically, after the borrower contacts, the scammers will ask them to provide personal information such as citizen identification, identity card, bank account number and other sensitive information.

Then, when the notification confirms that the 'application has been approved', the subject will ask people to pay a small fee to disburse or insure the loan, with the promise that the fee will be returned with the loan. But immediately after receiving the money, the scammer will immediately block contact with the victim.

In addition to having their assets stolen, victims of online financial scams also run the risk of having their personal information leaked, and the leaked information can be used by other malicious actors for other purposes.

To prevent this, VNCERT/CC recommends that people be wary of loan invitations via text messages or calls from unknown sources; carefully check the financial company's information before borrowing money; and not provide personal information or transfer money before the loan is disbursed.

Source: https://kinhtedothi.vn/truc-tuyen-tai-chinh-lua-dao-gia-tang-tren-khong-gian-mang-viet-nam.html