Thailand’s banks making efforts to curb cybercriminals

Thailand’s banks are making efforts to develop technological infrastructure to prevent cybercrime in the sector.
Thailand’s banks making efforts to curb cybercriminals ảnh 1Illustrative photo (Photo: vtv.vn)

Bangkok (VNA) – Thailand’s banks are making efforts to developtechnological infrastructure to prevent cybercrime in the sector.

From thebeginning of this year, Thailand's financial sector has reported 308 ransomware cases, while the manufacturing sector recorded 182 cases, telecom 70 cases, and the healthcaresector 42 cases.

KittiKosavisutte, the honorary adviser to the Thailand Banking Sector ComputerEmergency Response Team (TB-CERT), a group of financial institutions under theThai Bankers' Association (TBA), said that ten leading industries in Thailandhave been affected by ransomware with 1,910 cases this year.

TB-CERT,in collaboration with several organisations, the government, and the privatesector, has been developing and upgrading security systems to preventcybercrime.

Kittisaid that the banking industry is attentive to preventing cyber risks on mobilebanking platforms following cyber-attacks as digital banking usage increases.

Accordingto TBA's cybersecurity guidelines for mobile banking services, banks haveembedded detection systems to reject fake mobile applications. Mobile bankingusers also need to accept some digital risk themselves, he said.

Kittisuggested that mobile banking users should download mobile apps throughofficial operating systems such as the Play Store or App Store directly ratherthan apps from unknown links.

Kittisaid that the TBA is setting up the Central Fraud Registry to probe financialfraud in the banking industry, especially the use of nominee deposit accounts.

Banksplan to share details of such fraudulent accounts with the registry's datacentre to reduce financial risks.

To avoidfraudsters, users should change their data on mobile banking apps, use airplanemode on phones, or take advantage of banks' call centres to get suitableadvice.

The ThaiGovernment has approved an emergency decree on preventing technology crimes,which deals with the deposit account nominee problem. The decree is expected tobe enforced this month./.

VNA

See more

Deputy Minister of Trade Dyah Roro Esti Widya Putri (R) speaks in a meeting on the ASEAN Trade in Goods Agreement (ATIGA) Upgrade in Jakarta on May 9. (Photo: VNA).

Indonesia committed to promoting ATIGA Upgrade

The upgrade seeks to modernise the the ASEAN Trade in Goods Agreement (ATIGA) framework, making it more facilitative for businesses and responsive to regional and global challenges.

Thai students and other passengers, many wearing face masks, ride a boat along the Chao Phraya River. (Photo: Bangkok Post)

Thailand: Covid resurgence ‘no cause for alarm’

From January 1 to May 10, up to 53,676 COVID-19 cases and 16 deaths have been reported in Thailand. Bangkok recorded the most infections with 16,723 cases, peaking during the week of April 27 to May 3 at 14,349 cases, including two deaths.

Indonesia's Minister of Communication and Digital Affairs Meutya Hafid during a meeting with the head of Asia-Pacific of GSMA, Julian Gorman, in Jakarta on May 8. (Photo: Antara)

Indonesia accelerates development of 5G ecosystem

Indonesian Minister of Communication and Digital Affairs Meutya Hafid has reaffirmed the government’s strong commitment to building and strengthening the 5G infrastructure and technological ecosystem both nationwide and across the Asia-Pacific region.

Senior citizens in Paltok Elementary School in Quezon City cast their votes, with the help of their relatives on May 12. (Photo: tribune.net.ph)

Philippines holds midterm elections

About 163,000 police officers have been deployed nationwide to ensure security at polling stations, in coordination with the military, fire brigades and other support units. In addition, the government has extended the early voting period for the elderly and people with disabilities, starting at 5 am on May 12.

Thailand aims to reduce workplace accidents

Thailand aims to reduce workplace accidents

The "Safety Thailand" vision is to cut severe work-related injuries from 2.13 persons at present to no more than one per 1,000 workers, and fatalities from 5.3 to a maximum of three per 100,000 workers by 2030.