33.3 C
Sunday, April 2, 2023

New cyber crime law helps banks and victims

PHOTO: A new law will help banks and victims fight cyber crime. (via ISS Africa)

A new Royal Decree on Cyber Crime Prevention and Suppression is now in effect in Thailand. The new law has provisions to help victims, banks and authorities combat illegal online activities. The decree allows victims of online scams to use a hotline to report mule accounts set up using their stolen identity immediately to 15 banks. Victims can also file a complaint with police stations both online and physically.

The law, published in the Royal Gazette yesterday, additionally allows banks to temporarily suspend a suspected mule account and to utilise artificial intelligence (AI) technology to investigate fraudulent transactions. Harsh punishments and the use of modern technology should give this new decree more teeth than previous laws.

The use of AI technology to investigate fraudulent transactions…

Read more…

Related Articles

Latest Articles