July 17, 2024

According to the public security ministry, individuals who commit online fraud are operating in a similar manner to corporations, with some even regarding this criminal activity as a “job”.

At a symposium on bank client protection, Deputy Chief of the Ministry’s Cybersecurity and High-Tech Crime Prevention Division, Trieu Manh Tung, revealed that due to the anonymity provided by the internet, scammers can impersonate anyone to deceive people online.

Tung disclosed that in the previous year, the police had apprehended a fraud group of 300 individuals who had established an office for their operations, complete with a dining area and departments for research and training.

He also noted that these fraudsters had evolved to circumvent banks’ biometric authentication requirement, by posing as bank employees and soliciting personal data from people. Tung warned, “Clients can lose all their finances within one or two seconds by simply clicking on a single link.”

Furthermore, Tung points out that these fraudulent operations have global reach, operating not only in Vietnam, but also in other countries. This cross-border operation makes it challenging for law enforcement to tackle them.

Frequently Asked Questions

What Techniques do Scammers Use?

Scammers take advantage of the internet’s anonymity to impersonate anyone and trick unsuspecting individuals. They often pretend to be bank employees and ask for personal information, promising incentives or warning of risks.

How are Scammers Evolving with Technology?

Scammers are swiftly adapting to new technological developments like biometric authentication in banking. They deceive people into providing their biometric data, exploiting loopholes and weaknesses in security systems.

Why is it Difficult to Deal with these Scamming Organizations?

The primary challenge in handling these scamming organizations is their cross-border operations. They not only operate within a single country, like Vietnam, but also have a global reach. This international operation complicates the jurisdiction and capacity of law enforcement to tackle them effectively.