Cyber security risks could lead to trillions of dollars in economic losses to businesses, said Trần Văn Dũng, Chairman of the State Securities Commission.

The global cyber security competition Whitehat Grand Prix 2018, themed Legends of Việt Nam, is scheduled to begin on August 18.

The Asian region accounted for 44 per cent of global ransomware threats in the first few months of this year, of which Việt Nam accounted for 8 per cent, according to Trend Micro, a cyber security solutions company.

Cyber security attacks in Việt Nam are likely to increase as the theft of information by fake websites has become more widespread, said Vũ Quốc Khánh, a member of the Việt Nam Information Security Association (VNISA) Executive Board.

Blockchain is the main basis for the fourth industrial revolution, is a “diamond mine” which Việt Nam needs to develop industries.

The new version of the news portal of Vietnam News Agency (VNA) was launched at http://www.vnanet.vn (international address) and http://www.ttxvn.vn (Vietnamese address) on June 21.

Hoàng Phước Thuận, Director General of the General Department of Network Security, under the Ministry of Public Security, speaks to the Viet Nam News Agency about the draft Network Security Law