The Thai Bankers Association (TBA) has offered an assurance that their mobile banking applications are secure and safe.

 

This assurance was in response to news of the arrest of a programmer, who claimed to have developed software that can transfer money and unlock facial recognition features within banking applications, making it possible to bypass biometric scanning and transfer amounts exceeding 50,000 baht through the software.

 

The Computer Emergency Response Team has conducted system checks throughout the banking sector and discovered that the software in question cannot be used with customer accounts because, to do so, it would require the account owner’s personal information, such as ID card number, bank account number and mobile phone SIM card. It also requires identity verification through facial scanning, PIN number and one-time password.

 

Caption: Photo : Thai Banks Association

 

Full story: Thai PBS 2023-11-08

 

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TBA usually means To Be Announced.

So I took the meaning of the headline to mean that the safety is TBA. 555

Very reassuring....

 

So will the TBA be prepared to take full responsibility for any unauthorized withdrawals from your bank account?

 

 

But I don't believe you. And I want SCB to bring back SCB Easy so I can do my banking from my desktop.

37 minutes ago, snoop1130 said:

The Computer Emergency Response Team has conducted system checks throughout the banking sector and discovered that the software in question cannot be used with customer accounts because, to do so, it would require the account owner’s personal information, such as ID card number, bank account number and mobile phone SIM card.

All of which in all probability reside on the customers mobile phone.

Of course we all know that:

1. Mobile phones can't be hacked.

2. Mobile phones are never stolen.

3. No one leaves bluetooth permanently on.

4. All customers use very long hard to guess passwords and never use birthdates as PINs.

5. No one keeps photos of themselves on their mobile phone.

 

In the light of this I expect The Computer Emergency Response Team will:

Recompense any and all subsequent losses of customers.

Immediately disband (what emergency?? - they say there isn't one).

22 minutes ago, John Drake said:

But I don't believe you. And I want SCB to bring back SCB Easy so I can do my banking from my desktop.

Totally agree with you sir.

23 minutes ago, John Drake said:

But I don't believe you. And I want SCB to bring back SCB Easy so I can do my banking from my desktop.

From your picture maybe you are a prisoner of your past - PS I agree with your sentiment.

14 hours ago, KannikaP said:

TBA usually means To Be Announced.

So I took the meaning of the headline to mean that the safety is TBA. 555

To Be Arranged?  (Sometime this decade.)

15 hours ago, snoop1130 said:

The Thai Bankers Association (TBA) has offered an assurance that their mobile banking applications are secure and safe.

Oh look, words from bankers.

17 hours ago, John Drake said:

But I don't believe you. And I want SCB to bring back SCB Easy so I can do my banking from my desktop.

And KTB! 

It's perfectly safe - until it isn't. But will banks return money stolen from an online account? Nope.

Like expensive french gateaux it is all bolleaux. 

17 hours ago, John Drake said:

But I don't believe you. And I want SCB to bring back SCB Easy so I can do my banking from my desktop.

Thanks, and how interesting. I had the same problem with my Cambodian bank, ABA. Without warning, the bank withdrew its personal internet banking facility for computers. I changed to a bank that did and closed the original account. A lot of hassle initially, but now okay. Ironically, the original bank still sends a demand for the annual debit card fee despite being informed the account was closed and the debit card destroyed around 2 years ago! 

My TGF convinced me to have my Krungsri branch take the mobile app off my phone, and I never wanted a debit or credit card. Thus nothing can happen (short of an inside job?) without my appearance in front of a teller or manager. I suspect the GF's motive (besides concern for my wellbeing and solvency) was partly that if any monies ever disappear, she cannot be suspect--that's also fine.

15 minutes ago, Enzian said:

My TGF convinced me to have my Krungsri branch take the mobile app off my phone, and I never wanted a debit or credit card. Thus nothing can happen (short of an inside job?) without my appearance in front of a teller or manager. I suspect the GF's motive (besides concern for my wellbeing and solvency) was partly that if any monies ever disappear, she cannot be suspect--that's also fine.

 

What happens when someone else pretends to be you, setups the app on their phone, and you have no idea it ever happened? 

2 hours ago, Enzian said:

My TGF convinced me to have my Krungsri branch take the mobile app off my phone

Of course she doesn't want anyone else having your money

9 hours ago, lordgrinz said:

What happens when someone else pretends to be you, setups the app on their phone, and you have no idea it ever happened? 

But isn't that the case with every person? This is what I'm here to learn. If someone gets to one's home office or hacks one's social media accounts or completely takes over their computer, then they might harvest enough data to do what you suggest. Everyone tries to avoid these things.  But surely they can't just put the real bank app on their phone simply by using my real full name. 

Just now, Enzian said:

But isn't that the case with every person? This is what I'm here to learn. If someone gets to one's home office or hacks one's social media accounts or completely takes over their computer, then they might harvest enough data to do what you suggest. Everyone tries to avoid these things.  But surely they can't just put the real bank app on their phone simply by using my real full name. 

 

You would receive a warning on you current device that someone else is accessing your account, or trying.

Cue major hack and robbery