Vietnamese people lost 18.9 trillion VND due to fraud in 2024.

Online scams continued to run rampant in 2024, with one in every 220 smartphone users in Vietnam becoming a victim of fraud. The most common form of scam was soliciting investments.

Vietnamese consumers lost 18,900 billion VND due to fraud in 2024 - Photo: THANH PHUONG

These are the key figures from the 2024 cybersecurity research and survey report published by the National Cybersecurity Association on December 16th.

Virtual space, but real damage.

Cheat Online fraud continued to run rampant, causing severe consequences for hundreds of thousands of Vietnamese users in 2024. The estimated loss of 18,900 billion VND is an alarming figure regarding the state of online fraud in Vietnam.

However, the reality shows that while the number of victims of fraud is large, the number who can recover their money is very small. When caught in a scam, although 88.98% of users said they immediately warned and discussed the matter with family and friends, only 45.69% of respondents said they reported it to the authorities.

According to experts from the Cybersecurity Association, reporting scams to authorities is essential to protect the rights of victims and prevent illegal activities.

Firstly, reporting will provide authorities with timely information for investigation and evidence gathering, thereby increasing the likelihood of apprehending and prosecuting fraudsters.

Secondly, reporting the incident can also help victims recover some or all of their stolen property, especially when authorities intervene early. lockdown related assets.

Common forms of fraud

Scammers employ a wide variety of sophisticated methods to attack users. Among them, the three most common methods in 2024 include: luring users into participating in various schemes. investment tricks Fraudulent promises of high returns; impersonation of agencies or organizations; deceptive notifications of prize winnings or large promotions.

According to the survey results, 70.72% of users have received offers to invest in financial platforms of unknown origin, promising no risk and high returns.

62.08% reported receiving calls impersonating agencies or organizations (police, courts, tax authorities, banks, etc.) to urge them to install software or threaten them with money transfers to prove their innocence due to alleged involvement in legal violations.

60.01% reported receiving notifications about winning prizes or promotions with high stakes, but the information was vague and unusual.

Besides sophisticated schemes, scammers have employed many modern technologies such as artificial intelligence. Hungarian fake To create fake videos and voices to gain the victim's trust; to use automated tools (chatbots) to communicate continuously with the victim; to use specialized software on a computer to make telecommunication calls and reach multiple people at the same time…

The application of advanced technology has made it difficult for many victims to distinguish between real and fake content, leading to them being easily deceived.

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