VNDirect, Vietnam’s third largest dealer when it comes to transactions dealt with in accordance with the Ho Chi Minh Metropolis trade, has been disconnected from the buying and selling system since Monday.
Elevate Your Tech Prowess with Excessive-Worth Talent Programs
| Providing School | Course | Web site |
|---|---|---|
| IIT Delhi | IITD Certificates Programme in Knowledge Science & Machine Studying | Go to |
| Indian Faculty of Enterprise | ISB Product Administration | Go to |
| MIT | MIT Expertise Management and Innovation | Go to |
“We don’t see threat of contagion,” Pham Hong Son, the vice chairman of Vietnam’s State Securities Fee (SSC), instructed Reuters, including that no different brokers had been affected.
VNDirect was nonetheless disconnected from the system on Wednesday as of 0600 GMT. It declined to touch upon when it might resume buying and selling. It additionally declined to say how a lot injury it had sustained within the assault.
In a be aware revealed on Monday, the dealer mentioned its “whole system was attacked by a global group” on Sunday, making its buying and selling platform briefly inaccessible, however with no impression on clients’ property or knowledge. The corporate’s shares have fallen by almost 4% because the begin of the week.
Requested in regards to the attacker, the SSC declined to remark.
Uncover the tales of your curiosity
Son mentioned there was no must take extra motion to scale back the cyberattack’s impression on buying and selling, including that traders may use accounts at different securities corporations. On Monday, transaction volumes on the HCMC bourse fell by 10%, in accordance with LSEG, as traders utilizing VNDirect couldn’t commerce. The benchmark index additionally fell 1.1% on Monday.
“Regardless of notable rises in some tickers, the highlight of the day was on VNDirect’s cybersecurity breach, casting a shadow over market sentiment,” Mirae Asset Securities, one other dealer mentioned in a be aware.
