A wake-up call about SMALL governance Recently, on social networks in Vietnam, a computer screen shot of a famous artist’s NH account statement related to the incident has attracted a lot of public opinion. Although NH has admitted that its employees spread the word, this is a wake-up call for those working in the banking sector, as well as the leaders of these organizations. In the era of information technology, customer data security can be said to be the most important for banks. Previously, the prestige of the banks was in the solidity of the safes, which were dug deep in the tunnels, through many layers of thick steel doors, resistant to fire and explosion and even earthquakes. Today it is the NH’s security system. Because most assets and liabilities are stored in the form of numbers, lines of data. The disclosure of customer data is often considered an accident of the security system, due to unintentional human error, or due to an external attack. But security risks do not only come from information technology systems. There are three places where security risks arise, that is from a governance perspective in relation to processes, monitoring, information systems, and operations. The above incident shows an error in the operation of the staff, related to the management of the bank. Normally, when signing a work contract, in the contract terms, of course, there must be things that employees must not do, not to mention the business ethics of the industry. And so this is not entirely the fault of the staff, NH is also responsible for regular training, as well as supervision. The consequences of customer data being disclosed are serious on several levels. For example, the bank must be responsible for the damages incurred because the customer account is attacked individually, or the entire information system of the bank is the prey of hackers. Equally important damage is the reputation of NH. As a customer, no one wants to send money or do business with NH but “house” is loose. The more important partners are not. NH is also confused Customer data in banks is the survival of banks. Security is the new generation of “safes”, and the prestige lies in the system, as well as the consciousness and skills of the key holders. In the matter of customer data, banks also have a big confusion between needing a lot of customer data (KYC), security and customer privacy (privacy). Banks themselves also need a lot of KYC, not only to manage risks, but also to develop services to provide to customers, especially cross-selling and value-added services. State regulatory agencies also require banks to perform KYC, mainly for the purpose of anti-money laundering and illegal activities. But when customer data increases, integration from many sources, many systems with heterogeneous standards or formats, is a huge challenge for NH’s information system. Because the more sources, the more “entrances” there are more exposed points, many places can be hacked. The collection of customer data is also met with a certain reaction from them because of privacy. In many developed countries, such as Europe with the General Data Protection Regulation 2016/679 aka GDPR, there is a huge shift from service providers in general and the sector. NH in particular. There are data, currently NH wants to collect the consent of customers. In short, customer data in banks is the survival of banks. The security is a new generation “safe” form, and the prestige lies in the system, as well as the consciousness and skills of the key holders. Domestic banks need to pay attention In terms of customer data security risks, domestic banks compete with each other in technology and there is almost no big difference between banks in the same group, for example, large banks have enough resources to Get the best system. Even later banks have an advantage because technology costs decrease over time. The problem for data security, therefore, mainly lies in the management system of the bank, as well as in the daily operation. In administration, besides processes and monitoring systems, leaders’ awareness of security issues is extremely important. Not only investing properly for the information technology system, leaders must always closely monitor this issue, considering this as their important task. Therefore, there is a need for consistent direction and coordination between the banks’ departments, considering this as the core activity of the bank. In the course of daily operations, it is the awareness and skills of the employees. Periodic and continuous training is absolutely necessary for all employees, especially functions and positions of authority. If the employee is aware of the seriousness of the disclosure of the customer’s account, no employee would dare to act so impulsively, not to mention, besides internal handling, it may also be involved in legal regulations .

Besides Dogecoin, the posts also list a variety of cryptocurrencies with animal names, inspired by dog ​​breeds such as Akita, Shiba, Poodle… On many cryptocurrency discussion groups, administrators have voiced doubts about these articles, and commented that it is lame to rank FXT Token on a par with Dogecoin or Shiba. Posts promoting cryptocurrencies by many famous people in Vietnam. Posting about cryptocurrencies but don’t understand what “moon” is The fact that a series of artists have posted articles promoting the purchase of cryptocurrencies has many unusual signs. First, all articles have the same content, no difference in punctuation. They all only last a few hours before being deleted. In the comments section, many artists seem to lack the basics of cryptography. Actor Kieu Minh Tuan does not know the term “moon”, which is often used to refer to a sharp increase in money. Previously, singer Cao Thai Son was the first artist to publicly enter the cryptocurrency market with a portfolio that included Dogecoin. He often shares about his activities on his personal page. Post by Kieu Minh Tuan on personal Facebook. “Should you buy crypto right now? Advice: Buy as an asset with idle money, no leverage or interest,” the male singer wrote in a May 11 post. In the last week, when Dogecoin rose sharply, Cao Thai Son once posted to cheer for this coin, calling for everyone to invest. However, right after Dogecoin fell deeply, this singer posted a photo with the words “back to being a singer, no more analyzing stocks, crypto”. After Cao Thai Son, Ngoc Trinh also attracted attention when she published a post criticizing a cryptocurrency exchange that did not authenticate users (KYC) and claimed that she had been scammed by the exchange. While, delay in KYC is normal in exchanges. After that, she continued to post showing off her wallet on the exchange owning many millions of dollars worth of cryptocurrency. However, Ngoc Trinh deleted these posts, posted the article “duplicating the original” of other KOLs and then deleted it again. “Not only Huobi, many exchanges allow withdrawal of small amounts without KYC. Only when a large amount of money needs to be withdrawn does the user have to do KYC. It is incorrect to deposit such a large amount of money into the exchange without first finding out, and posting a post saying that the exchange is a scam,” commented Nguyen Vinh, co-founder of a large cryptocurrency investment company in Vietnam. Artists install advertising messages for multi-level? In the list of cryptocurrencies posted by the artists, in addition to the animal coins, there is a different coin, placed in the middle of the list is FXT. Previously, FXT was used as a fiat currency used for Lio****’s project. This project acts as a forex trading platform combined with binary options. This form of binary trading has long been warned as multi-level gambling. Instead of having to play on their own, investors in Lio**** are guaranteed to pay interest daily. The total profit for the whole year of this project is up to 2.3 times the original capital. The project has been warned by many domestic experts as a scam. In early 2021, many people lost money when Lio**** stopped working, not allowing money to be withdrawn from the account. The FXT coin is said to be directly related to the Lio**** multi-level project. Photo: VTV. Reply anonymously to Zing , a technology expert, and an administrator of the largest group of digital currencies in Vietnam, thinks that putting FXT in the middle of the list in the article is how artists advertise the product. by Lio****. “I think that a celebrity like Ngoc Trinh showing off a million-dollar e-wallet may be an implicit advertising act for FXT, not Dogecoin or Shiba. Because the time shown in the photo is quite different from when it was posted. Not to mention, the fact that many Vietnamese artists and celebrities share the same post content is very suspicious, “said this expert. On the same day, May 11, many screenshots of posts by Vietnamese artists were widely shared by the FXT Token community. “To Ngoc Trinh, Kieu Minh Tuan, Kha Nhu… still participating, what are you waiting for?”, the content of the status line reposted the screenshot of the person claiming to be the leader Lio****. In this article, the artist group also put the hashtag #trust. Trust English means “trust”, but can also refer to Trust Wallet, a software wallet technology that stores cryptocurrency. Previously, in the group of users who were deceived by Lio****, there were many warnings not to send money to Trust wallet to avoid losing evidence. On cryptocurrency discussion groups, members also pointed out that FXT is a suspicious name, because this coin has been launched since the end of 2020, and the call for investment has many signs of multi-level resemblance. . “These artists may be creating the image of a new multi-level project, aiming to attract a lot of small investors to clean up a big catch,” said LN, which runs a group on crypto. Many risks when investing in “junk coin” In the world of cryptocurrencies, in addition to large-cap coins with a good technology platform behind them, there are many so-called “junk coins” (very low value, arbitrarily created coins, copy the source code of reputable systems and some are served to scam groups). They are built on the available blockchain technology, often have no applications or come up with very simple applications, very low value but very high supply. Many experts warn that low-value, animal-based cryptocurrencies that have grown several times in the past few days are also very risky investments. These coins have a common model of using a cute image of an animal, a very small price, buying and selling many times to grow quickly. “These currencies all start at very cheap prices, at a fraction of a few tens of millions of dollars. They are created, then sent 50% to a certain celebrity for image, and then sold on exchanges. They use money to buy and sell themselves on these exchanges to increase the price thousands of times, creating momentum to put on the big floor. Because the number is so small, when the coin increases to a certain level, it has grown thousands of times, creating trust for ignorant people. When it comes time to be dumped, only those people will suffer,” said Vuong Le Vinh Nhan, founder of the VNDC trading platform. The Dogecoin price rose rapidly and reached an all-time high of $0.72 before cooling off. Photo: Coinmarketcap. Before that, the most successful animal crypto story was Dogecoin. Created as a joke, Dogecoin has been growing strongly for nearly a year as Tesla CEO Elon Musk repeatedly mentioned the coin. Over the past week, the price of Dogecoin has also fluctuated by tens of percent every day. Mike Novogratz, founder and CEO of Galaxy Digital, believes that two sharks own 30% of all Dogecoin today. In addition, Dogecoin also does not have a supply limit like Bitcoin. “The rise of Dogecoin is a prime example of the theory that fools more at play,” said David Kimberley, analyst at investment app Freetrade.