BOT calls meeting to strengthen financial sector cyber defences
The central bank has called technology chiefs to a meeting to strengthen cyber defences, with no impact detected on services at financial institutions in Thailand.
- The Bank of Thailand (BOT) has called a meeting to strengthen the financial sector's cyber defenses after monitoring cyberattacks on overseas institutions.
- The meeting will include Chief Information Officers (CIOs) from all financial institutions and the Thailand Banking Sector Computer Emergency Response Team (TB-CERT).
- Key goals are to enhance cyber prevention, improve response measures, monitor potential threats, and increase information sharing.
- Financial institutions are also instructed to conduct regular contingency drills for critical payment systems to ensure the public can use services safely.
Suwannee Jatsadasak, deputy governor for financial institutions stability at the Bank of Thailand (BOT), said the central bank had been closely monitoring IT system disruptions and cyberattacks affecting financial institutions overseas.
No impact on services provided by financial institutions in Thailand has been detected so far.
To strengthen preparedness for cyber threats, the BOT has called a meeting of chief information officers (CIOs) from all financial institutions.
The Thailand Banking Sector Computer Emergency Response Team (TB-CERT) of the Thai Bankers’ Association (TBA) has also been called to the meeting.
The aim is to strengthen cyber prevention and response measures, as well as monitoring of potential threats.
The measures also include sharing relevant information and assessing the situation to ensure that response preparations match the level of cyber risk.
Financial institutions will continue to monitor cyber developments closely, prioritising the continuity of IT and cybersecurity systems in accordance with the prescribed standards.
They will also conduct regular contingency drills for critical payment systems in line with their business continuity plans (BCPs), with particular emphasis on ensuring that the public can use financial services safely.
