rooster59 Posted August 12, 2018 Share Posted August 12, 2018 BoT warns commercial banks against cyberattacks Thammarat Thadaphrom BANGKOK, 11th August 2018 (NNT) – The Bank of Thailand (BOT) has urged commercial banks to lift their game in the battle against computer hacking, in the wake of recent cyberattacks on two financial institutions. Following last week’s data breaches and the hacking of several banking apps, BoT Governor Veerathai Santiprabhob said this week that he recently met with bank executives to warn them about the existing threats and went over the cybercrime prevention policy and compensation for cyberattack victims. Veerathai said cyberattacks and computer hacking have been around for quite some time and are taking place throughout the world and in every industry, not just banking, hence the need to have top-notch security systems and a swift response ready against all forms of cybercrime. He went on to say that technology has become an important part of the Thai financial sector, evidenced by the adoption of the Prompt-Pay system and a number of online banking applications. Because online banking is the easiest and most convenient way to conduct a financial transaction, it has become more and more popular among the Thai public. For this reason, he said financial institutions must step up their game to protect their customers from cyber threats. -- nnt 2018-08-12 Link to comment Share on other sites More sharing options...
NCC1701A Posted August 12, 2018 Share Posted August 12, 2018 " Following last week’s data breaches and the hacking of several banking apps," I guess giving us the names of these banks would be too much useful information. Link to comment Share on other sites More sharing options...
NCC1701A Posted August 12, 2018 Share Posted August 12, 2018 "...hence the need to have top-notch security systems and a swift response ready against all forms of cybercrime." yes. almost like it is 1998. Link to comment Share on other sites More sharing options...
Vacuum Posted August 12, 2018 Share Posted August 12, 2018 10 minutes ago, NCC1701A said: " Following last week’s data breaches and the hacking of several banking apps," I guess giving us the names of these banks would be too much useful information. 'Name and shame'.......? Link to comment Share on other sites More sharing options...
inactiveposter Posted August 12, 2018 Share Posted August 12, 2018 My USA bank’s on-line app doesn’t work here now because of suspected foreign hacking. I have to vpn in with a USA tunnel to use tha app. Hacking is everywhere. Link to comment Share on other sites More sharing options...
topt Posted August 12, 2018 Share Posted August 12, 2018 3 hours ago, NCC1701A said: " Following last week’s data breaches and the hacking of several banking apps," I guess giving us the names of these banks would be too much useful information. https://www.reuters.com/article/us-krung-thai-bank-cyber/krung-thai-bank-kbank-increase-protective-measures-after-data-hack-idUSKBN1KL1RK There was a TV news item as well but could not find it. Link to comment Share on other sites More sharing options...
Jonmarleesco Posted August 12, 2018 Share Posted August 12, 2018 I assume OF cyber attacks, not against them. Link to comment Share on other sites More sharing options...
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