Vietnamese lose $744M to online scams in 2024

Online scams affected one in every 220 smartphone users in 2024 and cost victims VND18.9 trillion (US$744 million), with investment fraud being the most common, the National Cybersecurity Association said.

The NCA surveyed over 59,000 individual users online between Nov. 28 and Dec. 14. Its result, released on Dec. 16, shows that only 45.69% of victims reported the scams to authorities, while 88.98% said they informed friends and family about their experience, according to the government news portal.