Digital transformation is creating opportunities for small and medium-sized businesses (SMBs) in Vietnam but also bringing new risks, according to experts.

SMBs account for 98 percent of all enterprises and 40 percent of GDP in Vietnam. In the digital era information systems play a very important role in the operation of companies, but holding a large volume of customer information makes businesses a target of cybercrime. Cyberthreats are a problem not only for large corporations and governments but also SMBs. Research shows that globally 22 percent of small businesses have been the targets of cyberattacks. Several tips for SMBs to beef up their security defences, including basic IT security training for staff, putting a process in place to create and safely store back-ups, controlling access to corporate data, regularly updating patches, and using professional software. — VNS/VNA