Lenders told to shore up IT security measures

Lenders told to shore up IT security measures

The State Bank of Viet Nam (SBV) has requested all banks and credit institutions to strengthen the security and safety of their information technology (IT) systems.

They have been asked to provide 24-hour protection of their IT systems, particularly in their data centres and server rooms.

They have been also told to hire qualified IT experts to ensure Internet access, system access, database and user management, as well as password policies are carried out properly.

And they must limit and monitor remote access into their IT networks and to use IT experts around the clock to analyse any signs of violation.

The banks will have to develop their own methods for handling any security issues and IT infrastructure.

IT equipment and service providers must promptly notify banks about any weaknesses in security.

Banks have also been told to ensure continuous operation of the IT network, inclduing core banking, payments, Internet and mobile banking, as well as website and ATM systems.

The SBV requires credit institutions and branches of foreign banks to make the necessary adjustments and report back to the SBV before June 15. 

bizhub