Thirty cybersecurity teams from industry-leading finance, insurance, and stock brokerage companies in Vietnam gathered in Hanoi on Wednesday for the 'DF Cyber Defense 2020' cybersecurity competition organized by Vietnam’s National Cyber Security Center (NCSC).

The competition was centered on a mock cyberattack targeting the assets and data of finance and banking firms.

Specifically, the DF Cyber Defense 2020 asked each team to fend off attacks on major financial institutions by hackers classified as an advanced persistent threat (APT) that seeks to infiltrate the data center of major financial institutions.

The prompt has put various skills of cybersecurity teams to the tests, including early risk detection, malware detection, investigation, cryptography, and backdoor detection capabilities.

After several rounds of competition, the cybersecurity team from privately-owned Techcombank came out on top with 1374 points, followed by the team from state-run Vietcombank, who placed second with 1,000 points.

Despite their successes, no team was able to complete the entire set of challenges presented by NCSC.

“The test is also intended to enhance cooperation between financial and banking institutions, which will help reduce response time in detecting, handling, preventing, and data recovering against the latest tactics of cyberattacks,” a representative of NCSC said.

“As the risks of cyberattacks have significantly risen, the event also seeks to strengthen the capacity of cybersecurity specialists in banking and financial firms.”

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