Hanoi, Vietnam — Vietnamese authorities announced today the dismantling of a large-scale cyber fraud network following a coordinated security operation. This resulted in the arrest of 35 individuals suspected of managing and carrying out online scam activities. These operations targeted thousands of victims both inside the country and abroad.
Vietnam’s Ministry of Public Security stated that the network operated through fake online platforms and social media applications. They used sophisticated fraudulent methods that included impersonating official entities, promoting bogus investment schemes, and deploying malicious links to steal data and money.
The authorities added that the suspects exploited technical loopholes and created fake bank accounts to transfer the stolen funds. They noted that the losses are estimated at millions of dollars. They also reported the presence of victims from several Asian countries.
The ministry confirmed that the operation was part of a broader national campaign to combat cybercrime. This occurs amid the growing prevalence of this type of cross-border crime. It stressed the continuation of security pursuits and the tracking of any potential extensions of the network inside or outside Vietnam.
The authorities also urged citizens to exercise caution when dealing with unknown online offers. Moreover, they warned against sharing personal or banking information over the internet, emphasizing that protecting cyberspace has become a top national security priority.
