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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) ꧙– 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

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