Cybersecurity essential for all businesses, reports Vietnam News, 9 April 2016.

An edited extract of the original article appears below.

*** AusCham will host a workshop with RMIT University titled, Cyber Security – Who is Master? on 7 May 2016. The workshop will be held at RMIT University in District 7, HCMC. For full details, click here.***

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HA NOI — The Institute of Chartered Accountants in England & Wales (ICAEW) has emphasised the need for businesses and organisations to improve their understanding of cybersecurity.

This should help businesses take better advantage of the opportunities brought by global IT trends while effectively managing their associated risks. The topic was raised at the ICAEW Thought Leadership Roadshow, which brought together IBM Vietnam, Ernst & Young (E&Y) Vietnam and the State of Audit…

As more and more areas of business operations move online, many high-profile security breaches have occurred as a result of vulnerabilities in supply chains, opening up access to the systems of larger businesses. This can cause serious damage to their reputation, heavy costs for breaches and loss of their competitive edge…

“As such, cyber security needs to be treated as a high priority that requires the attention of companies at the management board level,” she said…

About 50 per cent of Vietnamese enterprises are using e-commerce and 100 per cent of companies use the internet for their business. Last year, 2,045 agencies and business websites were hacked, of which 220 websites were attacked by Chinese hackers. However, the number of cyber security experts was too few to cope with all of these incidents…

 

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