The Ho Chi Minh City Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) on Monday announced separate decisions to temporarily suspend connections with local stock brokerage VNDirect as the company said it had been under cyberattack since Sunday.

The suspension will last until VNDirect completes handling the incident.

The move is aimed at ensuring safety for all transactions on the bourses, HoSE and HNX said. 

Transactions via other stock companies will be conducted as normal.

VNDirect said on Monday that its system had been attacked by an international organization since 10:00 am on Sunday, causing its website to be inaccessible.

As of Tuesday morning, VNDirect’s website remained inaccessible. The company made an announcement saying that its system is in the process of repair and re-connection.

The company affirmed that the information and assets of its customers are safe and not affected by the cyberattack. The incident affects only customers’ transactions.

The company did not set a specific time for its operation resumption.

“We are resuming the system, but it takes more time than expected due to the huge amount of data," VNDirect informed. 

“We will try our best to resume transactions at the earliest possible time.”

A VNDirect representative said the company was working with its partners, which are Vietnam’s leading tech groups, and local cybersecurity and hi-tech crime prevention police officers to deal with the incident.

VNDirect was the third-largest stock brokerage company on HoSE last year with 7.01 percent of the total accounts on the bourse, only behind SSI Securities Corp and VPS Securities.

In other words, a large number of investors were conducting share trading transactions via the company.

Companies associated with VNDirect, including People Trust Insurance, investment firm IPA and stock investment fund IPAAM, face the same fate, news site VnExpress reported.

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