Vietnam Securities Broker Suffers Cyberattack That Suspended Trading

Attackers encrypted VNDirects data in an attack that kept the broker offline for days.

VNDirect, one of Vietnams largest brokerages, over the past few hours began the process of restoring its systems after a cyberattack last weekend that forced it to suspend trading transactions.
Few details have been disclosed about the cyberattack, but VNDirects CEO said attackers encrypted the brokerages data. VNDirect was attacked by a group of professional hackers who encrypted our company data. We have now completed decrypting the blocked data and [are] starting to restore the system, Nguyen Vu Long,
CEO of VNDirect told a local media outlet.
Meanwhile, a government financial official said the attack only affected VNDirect and no other financial organizations. We do not see risk of contagion, Pham Hong Son, the vice chairman of
Vietnams State Securities Commission (SSC), told Reuters.
In a social media post, VNDirect described a four-stage process of restoration, starting with customer accounts, which is now complete, and followed by restoring floor trading and then its other financial services.
This is the latest high-profile cyber threat aimed at Vietnams financial industry. Some 50 Vietnamese financial organizations were targeted in August 2022 with an
Android Trojan dubbed GoldDigger.

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Vietnam Securities Broker Suffers Cyberattack That Suspended Trading