Vietnam: MIC investigation into ShopeePay for alleged non-compliance with information security management measures
Progress
Current status
in force
30 Oct 2024 in force
Scope
Implementers
Vietnam
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued ruling in MIC investigation into ShopeePay for alleged non-compliance with information security management measures
On 30 October 2024, the Ministry of Information and Communications of Vietnam (MIC) issued a ruling with a fine of VND 25 million against ShopeePay for failing to evaluate the effectiveness of its information system's management and technical securi…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body