On the afternoon of March 29, the Ministry of Finance held a regular press conference for the first quarter of 2024 chaired by Deputy Minister Nguyen Duc Chi. At the meeting, reporters asked questions related to the system incident of VNDIRECT Securities Joint Stock Company (VND) that occurred on March 24.
Accordingly, Mr. Pham Hong Son - Vice Chairman of the State Securities Commission (SSC) commented that this was an unfortunate incident caused by a professional hacker attack.
Most recently, on the morning of March 29, Mr. Son contacted VNDIRECT directly and currently this securities company has basically completed 4 steps. It is expected that the system will operate normally on April 1, 2024.
These 4 steps include: The system can look up the status and information of customers' accounts on My Account; Reopen the system of money transactions, basic securities transactions and derivatives on the basis of communication with the Exchange; Other financial products come back into operation; All other features.
Vice Chairman of the State Securities Commission Pham Hong Son.
The leader of the State Securities Commission said that immediately after receiving information about the incident, the State Securities Commission requested VNDIRECT to urgently fix the problem to ensure customer safety. At the same time, the State Securities Commission also requested securities companies to immediately implement the following contents to ensure the safe, stable and smooth operation of the stock market:
Firstly , ensure that the information technology (IT) system and backup database operate safely and continuously as prescribed in Clause 10, Article 89 of the 2019 Securities Law.
Second , proactively review and immediately check security plans for the company's IT system, especially the stock trading system and internet-connected systems to promptly fix security vulnerabilities (if any).
Third, conduct checks on online transaction processes; risk control processes; system and data backup processes; IT system operation management processes; develop measures to respond to and overcome potential security risks.
Fourthly, in case the company detects signs of security insecurity, it must be proactive and focus resources to handle and remedy the situation; promptly report to the State Securities Commission; Stock Exchanges, Vietnam Securities Depository and Clearing Corporation (for member securities companies) and competent authorities for coordination in direction and handling.
The Vice Chairman of the State Securities Commission emphasized that the issue of security is always highly regarded by the State Securities Commission, and any incident that occurs has a solution.
Deputy Minister of Finance Nguyen Duc Chi added that any securities company having problems will affect the market to some extent. If an individual securities company has problems, it will be handled individually to minimize the impact.
The Ministry of Finance determined that the stability and safety of the stock market are extremely important. Therefore, Deputy Minister Nguyen Duc Chi reminded securities companies to continue implementing solutions to ensure system safety and network security .
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