Photo : Thai Banks Association
The Thai Bankers Association (TBA) has offered an assurance that their mobile banking applications are secure and safe.
This assurance was in response to news of the arrest of a programmer, who claimed to have developed software that can transfer money and unlock facial recognition features within banking applications, making it possible to bypass biometric scanning and transfer amounts exceeding 50,000 baht through the software.
The Computer Emergency Response Team has conducted system checks throughout the banking sector and discovered that the software in question cannot be used with customer accounts because, to do so, it would require the account owner’s personal information, such as ID card number, bank account number and mobile phone SIM card. It also requires identity verification through facial scanning, PIN number and one-time…
