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Stricter measure for mobile banking users agreed

 

 

BANGKOK: -- In an effort to ensure full security for customers in using mobile banking services, commercial banks have agreed to submit over 15 million mobile phone numbers of their customers who have registered for mobile banking services to mobile phone operators to look after with care.

 

The agreement was reached at the meeting between the National Broadcasting and Telecommunication Commission (NBTC), the Thai Bankers Association, the Bank of Thailand and the Telecommunications Association of Thailand.

 

The meeting was hosted by the NBTC following a recent internet banking scam that resulted in a customer losing nearly 1 million baht from his savings bank account.

 

The money had been stolen through an internet banking application after the thief managed to gain a new SIM card at a mobile operator’s shop with a fake ID card.

 

The case was later proved to be caused by the weaknesses in the verification processes of both the mobile phone operator  and the bank.

 

This prompted the NBTC to encourage banks and mobile operators to implement additional measures to ensure a greater level of security for customers.

 

At yesterday’s meeting, it was agreed that the existing mobile banking system is secure enough.

 

Full story: http://englishnews.thaipbs.or.th/stricter-measure-mobile-banking-users-agreed/

 

-- © Copyright Thai PBS 2016-09-13

[ianc66]

In other words banks agree to supply details to enable hacking.

[scorecard]

 

Main bold headline:

Stricter measure for mobile banking users agreed

 

Final two paragraphs of the report:

 

This prompted the NBTC to encourage banks and mobile operators to implement additional measures to ensure a greater level of security for customers.

 

At yesterday’s meeting, it was agreed that the existing mobile banking system is secure enough.

 

 So much for upgrade of the media.

[denkiblue555]

7 minutes ago, scorecard said:

 

Main bold headline:

Stricter measure for mobile banking users agreed

 

Final two paragraphs of the report:

 

This prompted the NBTC to encourage banks and mobile operators to implement additional measures to ensure a greater level of security for customers.

 

At yesterday’s meeting, it was agreed that the existing mobile banking system is secure enough.

 

 So much for upgrade of the media.

 

You know the rule: Never let the truth get in the way of a good story headline!

 

[ChrisY1]

Phone companies now have access to all their customers details....how clever is that and what could possibly go wrong?

Panic solutions decided by those.. with 6th grade intelect......there really is very little hope!

[scorecard]

2 hours ago, ChrisY1 said:

Phone companies now have access to all their customers details....how clever is that and what could possibly go wrong?

Panic solutions decided by those.. with 6th grade intelect......there really is very little hope!

 

And today a report of an AIS employee selling comprehensive subscriber data; name, address phone no., in and out calls etc., in regard to one subscriber to another person.

 

In other words the data on you and me and everybody held by AIS is not secure.

 

Now what about the other phone companies - the same? 

 

Now an aligned question, is cyber banking secure?