The Authority of Information Security (AIS) along with IEC Group organized a seminar on Make in Vietnam authentication several days ago.
Meanwhile, it is very costly to manage passwords. A report from Forrester showed that on average, a large organization has to spend $1 million a year on workers and infrastructure to solve problems related to passwords.
Because of the problems, global security experts have been looking for better solutions to replace password authentication. That is why password authentication technology was created.
A report released in 2021 by Security Insider showed that 91 percent of the 500,000 surveyed experts in information security said that password authentication reduces the risk from phishing attacks and identity theft.
Sixty-four percent of surveyed people said it helped increase users’ experience efficiency and the digital transformation ratio by 21 percent.
Realizing this trend, Vietnam has taken the first steps in its path to switch to authentication technology without passwords.
At the seminar, VinCSS FIDO2 Ecosystem, a Make-in-Vietnam strong authentication ecosystem was officially launched. This is the first system made in accordance with FIDO2 international standards in ASEAN.
VinCSS FIDO2 Ecosystem comprises seven groups of solutions, of which four groups have a FIDO2 certificate granted by FIDO Alliance.
Do Ngoc Duy Trac, CEO of VinCSS, affirmed that this is an irreversible trend.
“If Vietnam is slow in applying authentication without passwords, while other countries are step by step giving up password authentication, hackers will redirect their attacks to the ‘depression areas’ including Vietnam,” Trac said.
Deputy Minister of Informationi and Communications Nguyen Huy Dung said that the launch of VinCSS FIDO2 Ecosystem is a positive sign, which once again affirms that Vietnam’s businesses are capable of researching and developing products and services meeting international security standards.
According to Dung, under national digital transformation, businesses are being encouraged to shift from assembling and doing outsourcing to 'Making in Vietnam', which means creating, designing and producing in Vietnam.
Businesses need to focus on research, development and mastering of technologies to produce digital devices to satisfy the needs of society.
