The cost of cyber attacks is growing rapidly every year.

Accompanying Vietnamese enterprises in building a safe and sustainable digital environment,FPT Corporation recently cooperated with Aon to organize the workshop "Cybersecurity and insurance - Two shields against threats from the digital world".

Speaking at the event, Mr. Dang Truong Thach - Executive Vice President and Deputy General Director of FPT IS, FPT Corporation shared: “Damages caused by cyber attacks are increasing rapidly every year. From 9.5 trillion USD in 2024, this figure could reach 17.9 trillion USD in 2030. This increase shows the increasing danger of cyber threats and the need to improve security in a complex digital environment. Businesses not only face financial risks, but also have to deal with loss of trust from customers, business interruptions and reputational damage".

AI is posing dual challenges for businesses.

“AI is considered both an extremely powerful tool and a dangerous “weapon”. With the ability to analyze at speeds and accuracy beyond human limits, AI brings many benefits to businesses. However, besides those benefits, AI also exposes many weaknesses that bad guys can take advantage of, and at the same time makes ordinary users vulnerable to risks if not properly equipped, managed and used,” said Dr. Nguyen Thanh Binh, Global Cyber Security Consultant FPT IS.

AI is posing a dual challenge to businesses both internally and externally. Externally, the technology empowers hackers to create sophisticated, hard-to-detect malware and conduct fraud. Internally, risks arise when employees accidentally leak data, violate legal regulations, or rely too heavily on AI to replace humans, damaging business operations and reputation.

In the above context, Dr. Nguyen Thanh Binh proposed a consolidation strategy, focusing on coordination between SOC (Security Operations Center) and GRC (Governance, Risk & Compliance).

SOC is considered as the “nerve center”, monitoring IT infrastructure 24/7 and detecting even sophisticated malware created by AI early, by combining behavioral analysis with traditional signature recognition. Meanwhile, GRC focuses on internal governance, building policies, procedures, data control and legal compliance, while raising employee awareness of risks and security principles when applying AI.

This integration will help businesses build a comprehensive shield against the increasingly complex risks of the AI era. For example, if the SOC detects unusual behavior from an employee, this data will be transferred to the GRC for analysis, from which training measures can be proposed, process modifications, or new controls applied.

Mr. Andrew Mahony, Senior Director (Asia Pacific ), Cyber Security Insurance Solutions and Ms. Dang Ngoc Lien, Country Director - Financial Services Insurance Solutions and Professional Group, provided a perspective from the insurance market, emphasizing the role of cyber security insurance.

Aon representative said, “About 10 years ago, when mentioning cyber security risks or cyber security insurance, these were almost just theoretical concepts, formal, far from practical operations, especially in Asian countries, including Vietnam. However, during the time since then, we have witnessed significant development in both the field of cyber security and cyber security insurance.”

To effectively access insurance, businesses need to demonstrate their cybersecurity “health” through measures such as MFA, data backup, SOC 24/7, and cooperate with technology partners such as FPT to demonstrate risk management capabilities, thereby easily obtaining contracts with better terms and costs.

Experts at the workshop emphasized that in the digital age, the “double shield” - the combination of FPT’s comprehensive security strategy and Aon’s cyber security insurance, is the optimal solution to protect businesses from all risks. Not only ensuring technology security, internal risk management and raising employee awareness, this shield also creates a solid financial foundation, helping businesses develop sustainably and confidently integrate into a volatile digital environment.

Phoenix

Source: https://doanhnghiepvn.vn/chuyen-doi-so/thiet-hai-do-tan-cong-mang-dang-tang-nhanh-hang-nam/20251003121855430