Vietnam's Digital Trust Forum Addresses AI-Driven Cyber Threats

On May 12, 2026, the 'Digital Trust in Finance 2026' forum was held in Hanoi, focusing on the importance of digital trust in the financial sector amid rising AI-related cyber threats. Deputy Minister of Public Security Pham The Tung highlighted that losses from online scams in Vietnam reached hundreds of millions of dollars in 2025, exacerbated by AI and deepfake technologies. The forum brought together over 1,000 delegates from regulatory bodies, financial institutions, and technology companies to discuss strategies for building a secure digital financial ecosystem. Key challenges identified included the delegation of authority to AI, accountability for algorithmic risks, and the need for a roadmap to maintain trust in financial transactions. The event emphasized the necessity of collaboration among various stakeholders to enhance digital security and user protection in the evolving landscape of financial technology.

Key Points: • Vietnam's online scams resulted in losses of hundreds of millions of dollars in 2025. • AI technologies are increasing the sophistication and frequency of cyberattacks. • Building digital trust requires collaboration among government, financial institutions, and technology companies.