State-owned and commercial banks have agreed to comply with the Bank of Thailand’s new cybersecurity measures by the June deadline.
Commercial bank members of the Thai Bankers’ Association (TBA) have been upgrading their digital technology to handle cyber-risks. The association has committed to compliance with the new measures, TBA chairman Payong Srivanich said at a media briefing on Friday, in collaboration with the central bank and the Government Financial Institutions Association (GFA).
Mr Payong said banks already collected customers’ biometric data, allowing for facial scans for money transfers and adjustments of credit transfer limits on mobile banking apps.
He…
