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BoT urges banks to step up cybersecurity

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Hackers have attempted to infiltrate Thailand's financial system through third-party service providers and outsourced companies working with banks, using methods similar to those reported in other countries.

Commercial banks are being urged to strengthen their cybersecurity measures amid a global rise in cyberthreats involving artificial intelligence (AI) over the past 1-2 weeks.

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Summary

According to Bank of Thailand governor Vitai Ratanakorn, the central bank met with commercial banks on Monday to discuss ways to strengthen cybersecurity systems and enhance their preparedness and defensive capabilities in response to the growing threat of cyber-attacks and financial crime worldwide.

The meeting brought together representatives of the Thai Bankers' Association (TBA), banks' chief information technology officers (CIOs) and the Thailand Banking Sector Computer Emergency Response Team (TB-CERT), which operates under the TBA.

Read full article at Bangkok Post →