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NBTC urgently tackles mobile banking theft

  

BANGKOK, 9 September 2016 (NNT) - The National Broadcasting and Telecommunications Commission (NBTC) may require people who want to request for a new SIM card to present their original ID card in an effort to tackle mobile banking theft. 

The NBTC on Thursday organized a seminar on mobile banking theft to brainstorm the prevention of and solutions to the problem. National Broadcasting and Telecommunication Commissioner Prawit Leesathapornwongsa admitted that the problem affected consumer confidence and suggested that all parties should learn more about mobile banking systems as well as consumer behavior. 

If banks and mobile service operators had a better secure system, a mobile banking scam would not take place, said Mr. Prawit. The NBTC would therefore consider the use of the original ID card for a request for a new SIM card with the Bank of Thailand, mobile phone operators and relevant unit, he said.

 

-- nnt 2016-09-09

[autanic]

I am sure the people doing the mobile banking theft are not using a phone that can in anyway be linked back to them.  This is just another hurdle of control for the masses to jump over and will do nothing to prevent fraud.

[scorecard]

Perhaps it should be:

 

- Original ID card and presented by the actual  owner of the card, the person who's photo is on the card.

Edited September 9, 2016 by scorecard

[nakhonandy]

Completely pointless, these people know nothing about internet security. 

 

It is down to the banks to secure these systems and it is not difficult. 

 

The other entity needed to also ensure security is the User. Use complex passwords and keep personal information secure IE not stored on devices. 

[CanInBKK]

1 hour ago, nakhonandy said:

Completely pointless, these people know nothing about internet security. 

 

It is down to the banks to secure these systems and it is not difficult. 

 

The other entity needed to also ensure security is the User. Use complex passwords and keep personal information secure IE not stored on devices. 

 

I don't think you understand the details of the original KBANK case which started this whole storm. Complex passwords have nothing to do with this type of fraud (yes, it's "fraud" not "hacking")

[nakhonandy]

28 minutes ago, CanInBKK said:

 

I don't think you understand the details of the original KBANK case which started this whole storm. Complex passwords have nothing to do with this type of fraud (yes, it's "fraud" not "hacking")

Actually I did follow the case. 

 

My point was that the SIM card should be completely irrelevant to internet banking as the real security lies with the bank and the user.

 

In the case you refer to the fault was with the user IMHO. 

[elgordo38]

8 hours ago, autanic said:

I am sure the people doing the mobile banking theft are not using a phone that can in anyway be linked back to them.  This is just another hurdle of control for the masses to jump over and will do nothing to prevent fraud.

Yes a golden opportunity to tighten up control of the masses. "We are doing this to protect you" BS taken from the same hymn book being used by governments world wide. We are the choir and the government is the conductor. Stay in tune or else.

[CanInBKK]

1 hour ago, nakhonandy said:

Actually I did follow the case. 

 

My point was that the SIM card should be completely irrelevant to internet banking as the real security lies with the bank and the user.

 

In the case you refer to the fault was with the user IMHO. 

 

I have mobile banking here and in Canada but have to say that I "feel" the use of one-time passwords "OTP" here is like a layer of insurance. All mobile banking is succeptible to hacking (I.e. guessing the login password) but at with with OTP there's another layer of security before the money actual leaves your account.

 

I can agree though that the user should have noticed something wrong when his mobile phone stopped working.

[autanic]

2 hours ago, elgordo38 said:

Yes a golden opportunity to tighten up control of the masses. "We are doing this to protect you" BS taken from the same hymn book being used by governments world wide. We are the choir and the government is the conductor. Stay in tune or else.

 

I absolutely agree with you 100%. 

 

[TallGuyJohninBKK]

The reality right now is, SIMs are intrinsically related to online banking here in Thailand because mobile phone numbers are used for delivering the One-Time-Passwords used for confirming all kinds of different banking activities.

 

In the big criminal case that led to this discussion, the fraud was able to occur because a 3rd party was able to get True to issue them a replacement SIM for a number that belonged to the victim, apparently without the victim's knowledge. And that, along with some other things, enabled the 3rd party to ultimately drain the victim's bank account.

 

So as long as the current relationship exists between mobile phone numbers and online banking confirmations, it DOES make sense to have a system that ensures that if a replacement SIM is going to be issued, that it should ONLY be issued to the actual SIM/account owner, and not some other party pretending to be someone else and not even being required to produce an original Thai ID card to confirm their identity matches that of the SIM accountholder.