Vietnam is investigating a major cyberattack on its creditors’ database, raising concerns about the country’s financial security and data protection measures. The breach, which targeted the National Credit Information Center (CIC) under the State Bank of Vietnam, exposed sensitive information such as personal details, credit card data, payment history, and risk analysis.
Vietnam’s Credit Database Hacked
According to Vietnam’s cybersecurity agency, early investigations revealed unauthorized access aimed at stealing personal data. The extent of the breach is still being assessed. Authorities suspect that the Shiny Hunters, an international hacker group notorious for targeting tech giants like Google, Microsoft, and Qantas, are behind the attack.
In a letter dated September 11, 2025, CIC informed financial institutions that it was investigating the breach but reassured stakeholders that credit services remain fully functional and that there has been no operational disruption.
Potential Financial Risks
While the immediate damage has not been confirmed, experts warn the incident could push Vietnamese banks to increase spending on cybersecurity infrastructure. According to JPMorgan, the breach represents a potential risk to deposit flows, though the investment bank maintains confidence in Vietnamese banks unless the situation escalates into a wider impact.
Rising Cybersecurity Threats in Vietnam
Vietnam has faced growing cybersecurity challenges in recent years. A 2024 report by Viettel, a military-run telecom firm, revealed that 14.5 million leaked accounts in Vietnam accounted for 12% of all global data leaks. This highlights the country’s vulnerability to cyberattacks and the urgent need for stronger digital defense mechanisms.
What’s Next?
The State Bank of Vietnam has yet to release an official statement, and Shiny Hunters have not responded to inquiries. Meanwhile, authorities continue to monitor the situation closely, with heightened concern that sensitive creditors’ data could be exploited on the dark web.
Key Takeaways:
- Vietnam’s National Credit Information Center database hacked.
- Shiny Hunters hacker group suspected of orchestrating the cyberattack.
- No operational disruption, but cybersecurity risks remain high.
- Experts warn banks may face higher cybersecurity costs to protect data.
As Vietnam works to contain the breach, the incident underscores the urgent importance of cybersecurity in banking and finance, especially in emerging economies.
