In the first nine months of this year, residents in Ho Chi Minh City reported losing nearly VND 1 trillion to online fraud schemes, according to local police. The alarming figures underscore the growing menace of cybercrime.

Law enforcement and blockchain experts address the rising threat of online scams, calling for stricter oversight and enhanced public awareness.

The Authority of Information Security has issued warnings against financial scams, citing TikToker Mr. Pips’ case as a wake-up call for Vietnamese netizens.

Holiday shopping in Vietnam has become a target for online fraud. Learn how to identify common scams and protect your personal and financial information.

From training 1,000 employees to creating professional fronts, TikToker Mr. Pips masterminded a multi-billion-VND scam with precision.

As online fraud grows more sophisticated, Vietnam faces mounting challenges in cybersecurity, with losses exceeding VND 18.9 trillion ($744 million) in 2024 and personal data breaches affecting millions.

HCM City Police on December 10 issued warnings about sophisticated scams by criminals on cyberspace and telecommunications networks. One victim reported a loss of VND2 billion.

TikToker Pham Duc Nam, known as "Mr. Pips," has been indicted for masterminding a 5,000-billion-VND fraud. Authorities uncovered his deceptive schemes targeting unsuspecting investors.

Hanoi authorities are investigating TikToker Mr. Pips, whose fraudulent schemes have swindled victims out of thousands of billions of VND, with massive assets already seized.

With the holiday season underway, online scams have taken on new forms in Vietnam, including fraudulent sales programs and apps that jeopardize personal and financial data.

The Authority of Information Security (AIS) has reported that it has received 17,679 reports from users about online scams from October 14 to November 10.

Recent scams in Vietnam’s digital space have involved fraudulent use of Amazon’s name to deceive users, prompting government agencies to issue warnings for public protection.

Charity scams, fake apps, and unauthorized health groups lead to losses and raise concerns over digital security in Vietnam.

Swindling people who want to borrow money online by using simple procedures and appropriating assets is one of three fraudulent tricks the Authority of Information Security (AIS) has issued warnings about recently.

Fraudulent websites and online loan scams are becoming increasingly prevalent, with authorities recording over 125,000 fraudulent websites in Vietnam as of September 2024.

Impersonating state agencies to appropriate people’s assets continued to be the burning issue related to online scams in the September 30-October 6 week.

As online impersonation scams continue to rise, Vietnam’s Information Safety Department (Ministry of Information and Communications) has issued new warnings about this growing threat in the cyber landscape.

The Authority of Information Security (AIS) under the Ministry of Information and Communications (MIC) has warned that scammers are using the names and images of major enterprises and brands to create fake sale promotions.

With only 682 fraud-related accounts remaining, the implementation of biometric authentication has proven effective in reducing payment fraud incidents across the country.