BoT warns commercial banks against cyberattacks

[rooster59]

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

[NCC1701A]

" 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.

[NCC1701A]

"...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.

[Vacuum]

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'.......?

[inactiveposter]

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.

[topt]

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.

[Jonmarleesco]

I assume OF cyber attacks, not against them.