Online fraud in Vietnam in 2024 will cause losses of 18,900 billion VND

According to a survey by the National Cyber Security Association (NCA), 1 in 220 smartphone users will be a victim of online fraud, a rate of 0.45%. The total damage caused by online fraud in 2024 is estimated at VND18,900 billion.

The number of victims of online fraud is huge, but the number of people who can get their money back is very small. When falling into an online fraud trap, although nearly 89% of users said they immediately warned and talked to relatives and friends, only 45.69% of respondents said they reported it to the authorities. NCA assessed this as a relatively low rate.

Many forms of online fraud will surround Vietnamese users in 2024

According to the Association's experts, reporting to the authorities when encountering fraud is necessary to protect the rights of victims and prevent illegal acts. Firstly, reporting will help the authorities have timely information to investigate and collect evidence, thereby increasing the ability to arrest and handle fraudsters. Secondly, reporting can also help victims recover part or all of the stolen property, especially when the authorities intervene early and freeze the related assets.

Each reported scam will contribute to building a database of the tricks and methods of operation of the subjects, thereby warning the community, preventing the subjects from continuing to commit acts, causing damage to many others. Therefore, reporting not only protects individuals but also contributes to building a safer, more transparent, and healthier online environment for the community.

Common forms of online fraud

The forms of attack on users by online scammers are very diverse and sophisticated. The three most common forms in 2024 include: luring users to participate in investment, promising high profits; impersonating the identity of agencies and organizations; and fraudulently announcing big prizes and promotions.

Banking and financial services are the top targets of online fraud and scams.

According to the survey results, 70.72% of users have received invitations to invest in financial exchanges of unknown origin but committed to no risk, high profits. 62.08% said they encountered calls impersonating agencies and organizations (police, court, tax, bank...) to urge them to install software or threaten them to transfer money to prove their innocence due to involvement in violations of the law. 60.01% said they received notifications of winning prizes, high promotions but the information was very vague and unusual.

In addition to sophisticated scenarios, scammers have used many modern technologies such as Deepfake artificial intelligence to create fake videos and voices to build trust from victims; applying automated tools (chatbots) to continuously communicate with victims; using specialized software on computers to make telecommunication calls, reaching many people at the same time... The application of high technology makes many victims unable to distinguish between real and fake when exposed to fake content, leading to easy deception.

Mr. Vu Ngoc Son, Head of Technology Department of NCA, commented that online fraud attacks will continue to be rampant in 2025. In addition to measures from management agencies, users still need to raise their vigilance and safety skills when participating in cyberspace. "Do not share personal information with strangers or untrusted services. Users need to carefully verify any calls or exchanges related to money transfers. It is best to use trusted applications to filter and block fraudulent phone numbers and malicious websites," Mr. Son recommended.

Source: https://thanhnien.vn/lua-dao-truc-tuyen-tai-viet-nam-nam-2024-gay-thiet-hai-18900-ti-dong-185241216102444957.htm