This is shared by Mr. Nguyen Quang Huy, Director of VNPT electronic identification and authentication platform, at Vietnam Security Summit 2024 recently organized by the Department of Information Security (Ministry of Information and Communications) in collaboration with IEC, under the auspices of support from the Ministry of Information and Communications.
According to a VNPT representative, since implementing eKYC, the number of online transactions in Vietnam has increased sharply. In 2023, the number of non-cash transactions will reach 11 billion transactions with an amount of 200 million billion VND, including 27 million accounts and 12.9 million cards opened through the eKYC method.
However, along with the strong development of eKYC, problems related to forgery and scams also arise. According to statistics from the Department of Information Security, Ministry of Information and Communications, 15,900 cases of online fraud were recorded, causing losses of 391.8 trillion VND, equivalent to 3.6% of GDP in 2023, 91% of cases related to banks. During the process of deploying eKYC for more than 100 different customers, VNPT also detected more than 16 million cases of face fraud and 6.8 million cases of document fraud.
Mr. Nguyen Quang Huy, Director of VNPT electronic identification and authentication platform, presented at Vietnam Security Summit 2024 on May 30. Photo: BTC
Mr. Nguyen Quang Huy pointed out four common forms of eKYC forgery in Vietnam: document forgery, chip forgery in chip-mounted identification cards, face forgery, and deepfake. Among them, deepfake is the most complex and sophisticated when using AI to analyze a person’s face and voice, thereby recreating and editing photos and videos of that person according to new actions and gestures.