Vietnam Probes Cyberattack on National Credit Database
Vietnam’s cybersecurity agency has launched an investigation after hackers attacked a large national database containing sensitive creditor information. The breach targeted the National Credit Information Center (CIC), a unit of the State Bank of Vietnam. The CIC holds critical data, including personal details, credit card records, payment histories, and risk analysis.
Authorities confirmed that the attack showed signs of unauthorised access aimed at stealing personal data. However, the full impact of the incident is still under review.
In a letter dated 11 September and sent to financial institutions, CIC said it was assessing the breach. The agency also indicated that the international hacking group Shiny Hunters was the prime suspect. This group is known for targeting global firms such as Google, Microsoft, and Qantas.
Systems Still Operational Despite Attack
The CIC reassured banks and financial organisations that the incident had not disrupted operations. Its credit information service system remains fully functional, according to the letter.
Vietnam’s central bank did not respond to requests for comment, and attempts to reach Shiny Hunters were unsuccessful. Authorities have also not disclosed how many accounts may have been compromised.
The attack adds to growing concerns over Vietnam’s data security. A 2024 report by military-run telecom company Viettel noted that the country accounted for 12% of global data leaks, with 14.5 million accounts exposed.
Potential Impact on Banking Sector
Investment bank JPMorgan commented that the cyberattack could lead to increased cybersecurity costs for Vietnamese banks. It also warned of potential risks to deposit flows if such incidents spread further. Still, the bank advised investors to remain confident in Vietnamese banks unless the situation worsens.
The investigation continues as officials assess the scale of the breach and its possible financial and security implications.
with inputs from Reuters
