Bank of Thailand Summons Bank CIOs to Bolster Cyber Defenses
The Bank of Thailand says the domestic financial system has not been affected by recent global IT outages and cyber attacks. It has summoned the technology chiefs of all Thai banks and key industry bodies to strengthen cyber defenses, share threat intelligence, and run emergency drills for critical payment infrastructure.
Bank of Thailand Deputy Governor Suwanee Jatsadasak clarified that the central bank is closely monitoring recent IT system failures and cyber attacks targeting financial institutions overseas. Currently, no impact on services provided by Thai financial institutions has been found. To bolster cyber readiness, the BOT has called a meeting of the Chief Information Officers (CIOs) of all financial institutions, along with the Thai Banking Sector Computer Emergency Response Team (TB-CERT) and the Thai Bankers' Association (TBA). The session focused on intensifying preventive and responsive cyber measures, monitoring potential threats, sharing relevant intelligence, and assessing risks to align preparedness with threat levels. The BOT and financial institutions will continue to track developments closely, ensuring IT and cyber systems meet required standards, conducting continuous emergency drills for critical payment systems in line with Business Continuity Plans (BCP), and prioritizing the safety of the public's financial services.
