return icon Vietnamnet.vn

Online transaction accounts exposed to danger

 VietNamNet Bridge – About 15 e-banking websites run by commercial banks and payment portals in Vietnam were hacked on Tuesday. Hackers had managed to exploit a recently revealed security bug called OpenSSL Heartbleed, experts said.

VietNamNet Bridge – About 15 e-banking websites run by commercial banks and payment portals in Vietnam were hacked on Tuesday. Hackers had managed to exploit a recently revealed security bug called OpenSSL Heartbleed, experts said.



{keywords}




When asked about the number of cards and accounts that may have been victimized, experts said it is “unestimable”.

Shortly before the attacks, Reddit and Heartbleed.com on Monday evening reported that security researchers had found a security flaw in OpenSSL, a popular data encryption standard. The flaw offers hackers who are aware of it the ability to extract massive amounts of data from the services that users rely upon every day.

Sources said the Heartbleed exploit had affected millions of online transaction accounts and banks’ websites.

According to Business Insider, web servers store a lot of information in their active memory, including usernames, passwords, and even the content that users have uploaded to a service. These items are made vulnerable by Heartbleed. Even credit card numbers could be pulled out of the data sitting in memory on the servers that power some services.

But worse than that, the flaw has made it possible for hackers to steal encryption keys — the codes used to turn gibberish-looking encrypted data into readable information.

The world’s IT bulletins said a lot of big websites, including yahoo.com, became the victims of hackers who attacked through HeartBleed on April 8. It took Yahoo 24 hours to fix the problem.

According to Nguyen Hong Phuc, an expert from HVA Online, a security forum in Vietnam, OpenSSL Heartbleed is very dangerous because it relates to the security systems’ infrastructure.

“The flaw lies in the most basic encryption platform. This means that if a system has the flaw, the other encryption layers will be broken,” Phuc said.

Also according to Phuc, it is not difficult to fix the problem, as a patch was immediately provided on the Internet on April 7. However, fixing big, complex systems takes time.

The information about HeartBleed was passed on to HVA Online on Monday night, and HVA noted that some large service websites had already fixed the problem by noon Tuesday. However, by Tuesday afternoon, reports were coming in revealing that about 15 e-banking websites of commercial banks and payment portals had been hacked.

Most of the home pages of the banks’ websites had been patched by noon Wednesday, but it is unclear if all the problems of the e-banking system have been fixed.

In general, it takes 24-48 hours to apply the patch version to the outer layers of [data] equipment. However, since the banks’ infrastructure systems are very big, and all the transactions are encoded, it may take more time for them to fix the problem.

HVA Online confirmed that smartlink, 123pay, paygate, and sohapay had completed fixing problems by Tuesday afternoon.

Securities experts have advised banks to immediately update OpenSSL to the latest version, reboot their systems and change their SSL digital certificate immediately.

According to Phuc, all of the most knowledgeable experts have the same advice: users should refrain from all online transactions through e-banking and payment portals until the banks affirm their websites are safe.

E-banking service users have been told to change their passwords, in case their information has leaked out.

BIDV, Vietcombank and LienViet Post Bank have asserted that their e-banking systems are still safe, but that they will nevertheless continue to check the systems.

T. Mai

MORE NEWS

Banks experience significant increases in non-performing loans

Given the challenging economic environment, the performance of numerous banks is rather bleak, particularly due to the mounting bad debt levels.

VIETNAM BUSINESS NEWS MAY 29/2023

Work on Cat Bi Airport’s Terminal T2 to start in Q4

Vietnam should consider announcing the end of COVID-19: NA deputy

At the ongoing fifth session of the 15th National Assembly (NA) held on May 29, Nguyen Lan Hieu of the NA Delegation of Binh Dinh province suggested that the end of COVID-19 should be announced.

Cut on automobile registration fees to facilitate auto industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

VIETNAM NEWS HEADLINES MAY 29/2023

Vietnam leaves good impressions at multi-ethnic festival in Czech Republic

Vietnam to build center for search and rescue in Spratly Islands

Deputy Prime Minister Tran Luu Quang has approved a project to improve the capacity of incident and natural disaster response and search and rescue to 2030, with a vision to 2045.

Male model finishes as third runner-up at World Fitness Supermodel

Ngo Hoang Linh, the Vietnamese representative at World Fitness Supermodel 2023, was awarded the third runner-up title during the male pageant’s grand final held on May 27 in Thailand.

Old Vietnamese publications in romanised script on display in Paris

An exhibition showcasing old Vietnamese publications in Chu Quoc ngu (romanised Vietnamese script) is underway in Paris, France.

HCMC police raze black-credit companies with illicit profits of over US$176mln

The Ho Chi Minh City Department of Public Security yesterday prosecuted nine people for usury in civil transactions.

Entertainment and cultural events of the week (May 29-June 4/2023)

Upcoming entertainment and cultural events in Vietnam's major cities on May 29-June 4.

More cooperation needed to develop rare earth industry in Vietnam

The applications for rare-earth element products have developed strongly in recent decades, especially in the field of agriculture in which they are used to create clean, safe, and effective agricultural products.

Hanoi's West Lake to be given a makeover

The district authority will also plan to renovate and embellish the infrastructure around the lake, such as installing lighting systems and upgrading promenades and flower gardens.

Strategy on rice export market development until 2030 approved

Deputy Prime Minister Le Minh Khai has signed a decision approving the Strategy on Development of Viet Nam's Rice Export Markets until 2030.

Home market a cushion against trade downturn

Vietnam is witnessing a slowdown in trade as the global economy is edging closer to a recession.

CMC Global - The young brand with high ambitions

After six years of operation, though being the youngest unit of CMC Group, CMC Global has made outstanding development, becoming an internationally-recognized company in software export and IT services that brings Vietnam's IT products to the world.
back_to_top