FPT and Aon join forces to build a robust digital shield for sustainable business growth

In today’s digital era, cyberattacks have become an increasingly serious threat to businesses and organizations worldwide. To support Vietnamese enterprises in building a secure and sustainable digital environment, FPT Corporation, in collaboration with Aon, organized a seminar titled “Cybersecurity and Cyber Insurance – Dual Shields Against Digital Threats.”

The seminar brought together leaders and experts from a wide range of industries

The event gathered technology, cybersecurity, and governance leaders from key sectors such as banking and finance, healthcare, energy, and logistics. It focused not only on defensive solutions against cyber incidents but also highlighted the critical role of risk management in driving sustainable business development.

Mr. Dang Truong Thach, Executive Vice President of FPT IS, FPT Corporation, delivered a speech at the event

Speaking at the event, Mr. Dang Truong Thach – Executive Vice President of FPT IS, FPT Corporation – shared:

“Losses caused by cyberattacks are rising rapidly each year. From USD 9.5 trillion in 2024, this figure could reach USD 17.9 trillion by 2030. This sharp increase underscores the growing severity of cyber threats and the urgent need to strengthen security measures in today’s complex digital environment. Businesses not only face financial risks but also potential loss of customer trust, business disruptions, and reputational damage.”

He also noted that cybersecurity in Vietnam is facing significant challenges, with numerous cyberattacks targeting critical systems. In the first half of 2024 alone, the Ministry of Public Security detected and addressed 211,000 cyberattack alerts and 20 serious incidents.

These figures highlight not only the gravity of the issue but also serve as a wake-up call for organizations and enterprises to prioritize information security protection.

Dual Frontiers – A Unified Strategy to Combat AI Threats and Ensure Safe AI Governance

“AI is regarded as both an incredibly powerful tool and a potentially dangerous weapon. With its super-human analytical speed and precision, AI offers tremendous benefits for businesses. However, alongside these advantages, AI also exposes vulnerabilities that malicious actors can exploit, while ordinary users may face significant risks if the technology is not properly equipped, governed, and used,” said Dr. Nguyen Thanh Binh, Global Cybersecurity Consultant at FPT IS, FPT Corporation.

Dr. Nguyen Thanh Binh, Global Cybersecurity Consultant at FPT IS, FPT Corporation, shared his insights on the emerging threats

From an external perspective, AI is enabling hackers to automate and enhance their attack methods – from generating hard-to-detect malware and conducting deepfake-based scams to supporting entire system intrusion processes. The emergence of tools like WormGPT and FraudGPT has further “democratized” cyberattacks, allowing even low-skilled individuals to launch large-scale attacks.

Internally, enterprises face the risk of sensitive data leaks when employees misuse public AI tools, as well as potential violations of legal and industry compliance standards. Overreliance on AI or hastily replacing human personnel with automated systems can also negatively impact operations and brand reputation – as seen in the case of Klarna in Sweden.

To counter the growing cybersecurity risks, especially as AI becomes a double-edged tool, Dr. Nguyen Thanh Binh proposed a unified strategy centered on the coordination between the Security Operations Center (SOC) and Governance, Risk & Compliance (GRC) functions.

The SOC functions as the organization’s “central nervous system,” providing 24/7 monitoring of all IT infrastructure activities and enabling early detection of cyberattacks – including sophisticated AI-generated malware. It combines behavioral analytics with traditional signature-based detection mechanisms to prevent even previously unseen threats.

Meanwhile, the GRC focuses on internal governance – establishing policies, procedures, data classification, and control frameworks to ensure regulatory compliance. It also plays a vital role in employee training, raising awareness of AI-related risks, and promoting adherence to security principles.

The SOC acts as the enterprise’s “eyes and ears,” promptly identifying abnormal behaviors, from external intrusion attempts to internal misuse by employees. The data collected by the SOC is then transferred to the GRC for broader contextual analysis and alignment with existing risk management policies and legal frameworks. Based on these insights, the GRC not only implements immediate corrective actions, such as training, reminders, or tightening access controls, but also helps refine operational processes, update governance policies, and strengthen organization-wide security awareness.

This two-way coordination creates a continuous improvement loop: the SOC detects – the GRC analyzes – the enterprise adjusts – the SOC monitors again. As a result, organizations not only prevent immediate threats but also build a proactive, adaptive, and resilient security system capable of responding to emerging attack methods. This is precisely the “dual shield” emphasized by the speaker – the powerful synergy between technical defense and strategic governance, ensuring sustainable cybersecurity in the age of AI.

Cybersecurity Insurance: A robust financial shield against digital risks

Following FPT’s presentation on the technical landscape and emerging cyber threats, representatives from Aon – Mr. Andrew Mahony, Head of Cyber Risk – Insurance, Asia, and Ms. Dang Ngoc Lien, Country Leader – Financial Services and Professions Group – Vietnam — shared insights from the insurance market, emphasizing the role of cyber insurance as an essential financial “shield” for businesses.

Aon representatives shared insights from the insurance market

Aon representatives shared that, “About a decade ago, when we talked about cybersecurity risks or cyber insurance, these were mostly theoretical concepts – formal rather than practical, especially in Asian markets, including Vietnam. However, over the years, we’ve witnessed remarkable growth in both cybersecurity and cyber insurance.”

The insurance market itself has also evolved significantly, from a “hard” phase during the COVID-19 period, driven by the surge in ransomware attacks, to the current “soft” phase, where businesses have more choices at more reasonable costs. However, the rising claims ratio since 2024 indicates that the market may soon tighten again, underscoring the need for businesses to seize this window of opportunity to invest.

To effectively access the cyber insurance market, businesses must demonstrate their cybersecurity “health” by implementing fundamental measures such as multi-factor authentication (MFA), data backup, and 24/7 security monitoring (SOC). Collaborating with technology partners like FPT is also a major advantage, as it signals a serious approach to risk management, enhances credibility in the eyes of insurers, and helps secure better coverage terms and pricing.

Within this context, the partnership between FPT and Aon offers a unique advantage for enterprises. FPT strengthens defense capabilities through comprehensive cybersecurity solutions, from monitoring and early warning to incident response, while Aon, as a risk advisor and insurance broker, leverages specialized tools such as Security Quotient (SQ) and Cyber Risk Analyzer to quantify and benchmark risks. These data-driven insights provide executives with a solid foundation to determine appropriate coverage levels and premiums, while strengthening their negotiating position with insurers.

As a result, businesses gain dual protection, technological resilience through FPT and a financial “shield” from Aon, ensuring confidence in the face of increasingly complex cyber threats.

The seminar offered practical insights into the challenges and solutions facing digital enterprises

The seminar concluded with a clear message: in the digital era, the “dual shield” – combining FPT’s comprehensive cybersecurity strategy with Aon’s cyber insurance solutions – represents the most effective approach to safeguarding businesses against all forms of risk. Beyond ensuring technological security, strengthening internal risk management, and enhancing employee awareness, this dual shield also provides a solid financial foundation, empowering enterprises to grow sustainably and confidently navigate an ever-evolving digital landscape.