Overview of the cybersecurity landscape and forecast trends in Vietnam and the world 2024

Estimated global cybersecurity damage (2023, Statista)

The damage caused by cyberattacks is rapidly increasing each year. From $9.5 trillion in 2024, this figure could reach $17.9 trillion by 2030. This increase highlights the growing danger of cyber threats and the necessity to enhance security in a complex digital environment. Businesses not only face financial risks but also must contend with loss of customer trust, business disruption, and reputational damage.

Below are detailed statistics on the global and Vietnam cybersecurity landscape.

Global cybersecurity landscape

In Q2 2024, organizations experienced an average of 1,636 cyberattacks per week, a 30% increase compared to the same period last year (sourceSecurity). Below are some notable statistics on the challenges and trends in cybersecurity, helping businesses gain a clearer picture of the current situation:

Malware attack statistics

Malware continues to be a prevalent threat, with thousands of attacks recorded daily. In the first half of 2024, malware-based threats increased by 30% compared to the same period in 2023, with a peak increase of 92% in May alone (CIS).

See more: How to quickly detect and prevent ransomware email in a timely manner?

Phishing statistics: The numbers behind the "hooked" victims

Phishing remains one of the most common cybersecurity threats and a top concern for cybersecurity professionals. In 2024, the total number of phishing attacks increased by nearly 50,000 compared to the previous year, reaching nearly 1.9 million incidents globally (Interisle Consulting Group).

Ransomware statistics: The cost of data encryption

Ransomware attacks have surged in recent years as they are one of the most profitable forms of hacking.

See more:

• Guidelines for addressing ransomware attack incidents
• 7 strategies to proactively defend against ransomware attacks

Business email compromise (BEC) attack statistics

One of the most potentially damaging attacks is BEC (Business Email Compromise), which continues to rise and causes billions of dollars in damages annually. However, it is one of the attacks that can be easily mitigated with proper cybersecurity awareness.

Cybersecurity landscape in Vietnam

In 2024, cybersecurity in Vietnam continues to face significant challenges, with many cyberattacks targeting critical systems. Some notable information includes:

Predicted security trends in the near future

1. Ransomware & new encryption: Ransomware groups are shifting to using Rust programming language for data encryption, offering higher security and making detection more difficult. Simultaneously, these groups are turning to data theft instead of just encryption, extorting victims by threatening to expose stolen information (Bitdefender).

2. Use of artificial intelligence (AI):

• AI in cyberattacks: Cybercriminals will use AI to create more sophisticated attacks, automate attack methods, and bypass traditional security measures (Check Point).
• AI in defense: AI will also be applied in security to predict and prevent new threats, enhancing detection capabilities and rapid response (Check Point).

3. DDoS attacks: These will continue to be a common form of attack, with increasing intensity and frequency, particularly targeting online services and critical infrastructure. These attacks not only disrupt services but also damage the reputation of the organizations being attacked (Google Cloud Cybersecurity Forecast).

4. Expanding attack surface:

• Attacks on IoT and cloud systems: IoT devices and cloud systems will be the main targets of attacks in 2024, creating significant risks for businesses and organizations (Trend Micro).
• Risks from open-source software: The rise of malware in open-source repositories will require organizations to be more cautious when using third-party software packages (Check Point).

5. Email-based Attacks: Email attacks, especially phishing, will become more sophisticated, using AI to create more realistic spoofed emails that are hard to distinguish from legitimate ones. This will increase the risk of users being deceived, leading to severe security incidents (Trend Micro).

Corporate cybersecurity budgets have increased significantly, with the investment-to-revenue ratio soaring 51%, from 0.53% to 0.80% (ThoughtLab). However, 30% of executives still believe that this budget is insufficient to ensure comprehensive cybersecurity (ThoughtLab). This underscores the urgency of selecting security solutions that are both effective and economical. To meet this need, VNETWORK introduces VNIS – a comprehensive Web/App/API security system, providing optimal protection for the digital assets of businesses with reasonable costs and outstanding features.

VNIS - Comprehensive Web/App/API security solution

To address the growing and sophisticated attack trends targeting businesses, VNETWORK brings the VNIS platform - a comprehensive Web/App/API security solution that meets the need to protect systems and data for businesses.

With the ability to effectively respond to attacks on Layer 3/4/7 while ensuring system stability, VNIS promises peace of mind for customers by protecting their systems against all cyberattacks.

In addition, against ransomware attacks, the VNIS platform acts as a "steel shield" significantly reducing the negative impacts on the business’s information systems. VNIS can detect and automatically block all critical security vulnerabilities listed by OWASP (Top 10 OWASP) such as Broken Access Control, SQL Injection, Cryptographic Failures, etc., ensuring that business websites are always protected. Furthermore, with over 2,000 security rules combined with CRS (Core Rule Set) management capabilities, VNIS ensures the security of business websites, preventing attackers from exploiting security vulnerabilities to encrypt or unlawfully exploit data.

VNIS helps ensure the safety of the business’s systems with:

Comprehensive security model of the VNIS platform

Robust global infrastructure

With over 2,300 PoPs (Points of Presence) globally, the VNIS solution offers businesses the ability to handle massive traffic volumes up to 2,600 Tbps. As a result, the website will always operate stably and smoothly, ensuring seamless and secure transactions for investors, even in volatile market conditions, sudden traffic surges, or during large-scale DDoS attacks.

Application of AI and Machine Learning technologies in the management system

The VNIS platform is equipped with Multi WAF by VNETWORK, with multiple Cloud WAF clusters worldwide, ready to leverage a dense cloud infrastructure to quickly isolate threats during traffic spikes. Accompanying this is the WAF network monitoring system (Scrubbing Center) that coordinates all activities of Cloud WAF clusters in multiple countries, enhancing the effectiveness of Layer 7 DDoS defense.

Leveraging the development of artificial intelligence AI, VNETWORK has built an AI Load Balancing system combined with Real User Monitoring (RUM) with the ability to provide detailed analysis of attack sources, report real user interactions with the website, and manage website traffic. Additionally, the AI Load Balancing system allows for load balancing across multiple servers with options: IP hash, round-robin, or failover.

24/7 SOC expert team support

Understanding the urgency and timeliness in security, VNETWORK has established Security Operation Centers (SOC) ready to engage in urgent situations to minimize losses. Currently, VNETWORK’s SOC teams are present in Vietnam, Hong Kong, Taiwan, Singapore, and the United Kingdom to support and collaborate with businesses in responding to any attack.

Mail Inspector Platform - Comprehensive Email Security Solution for Businesses

With the increasing complexity and scale of email-based attacks, VNETWORK offers the Mail Inspector Platform - a comprehensive email security solution. This email firewall system secures the email system in both inbound and outbound traffic through three filtering layers: SpamGUARD, ReceiveGUARD, and SendGUARD.

Comprehensive email security mechanism of the EG-Platform

Applying advanced and intelligent email security technology, EG-Platform addresses all types of targeted email attacks, detecting and blocking viruses and new email threats with standout features including: Machine Learning Technology, AI Technology, Virtual Area, Image Conversion, Email Path Inspection and Analysis, Comprehensive System Reporting, and Flexible Customization based on needs.

Given the escalation of cybersecurity threats, equipping your business with a comprehensive security solution is not just an option but a prerequisite for ensuring data safety and maintaining stable operations.

VNIS and EG-Platform from VNETWORK not only offer robust protection but also help businesses effectively deal with any attacks. Contact us via Hotline: +84 (028) 7306 8789 or email: contact@vnetwork.vn to receive detailed consultation and the most suitable solutions for your business.