State Bank of Vietnam has begun deploying information security drills.

Event VSEC - BLOG

The State Bank of Vietnam is an agency of the Vietnamese government that is responsible for managing the country’s currency and reports directly to the government. The Department of Information Technology – SBV is the government agency in Vietnam responsible for overseeing and administering banking IT operations in general and information security in particular.

 

With over 40 financial institutions and banks taking part in the drill, there are a great deal of systems that need to be ready and running smoothly. It was difficult to coordinate the BTC with the experimental locations since the participating banks and financial institutions were located all over Vietnam, from North to South and used both online and offline methods of communication. Due to the high general capacity of the units and the specialized nature of the troops involved in the information security drills, significant investment in terms of content is always required, yet the drills must remain grounded in reality.

More than 40 banks and financial institutions active in the Vietnamese market are represented by competition teams with the State Bank acting as the regulatory body for VSEC, which provides security training services. Participating banks and financial institutions spread across the North and South, with both online and offline forms, making the organization and connection between the organizers and the test sites very complicated. During practice, they set up a network of bridges to facilitate communication and keep tabs on the various groups. They set up hotlines and online forums to help customers before, during, and after the event.

Officers in charge of data security can benefit from VSEC’s ability to equip them with fundamental to advanced information security expertise. They also help increase their awareness of potential information security loss scenarios and the plans and solutions that can be put into action to address such incidents.