BANGKOK, Thailand – The Bank of Thailand (BOT) has instructed financial institutions to strengthen their cyber security measures and remain alert to potential threats following information technology disruptions and cyberattacks affecting financial institutions overseas. Suwannee Jatsadasak, Deputy Governor for Financial Institution Stability at the BOT, said the central bank was closely monitoring developments and had so far found no impact on the services of financial institutions in Thailand.
To strengthen preparedness, the BOT convened a meeting with chief information officers (CIOs) from all financial institutions, along with the Thai Banking Sector Computer Emergency Response Team (TB-CERT) and the Thai Bankers’ Association (TBA). The meeting focused on intensifying cyber security protection and response measures, monitoring potential threats, sharing relevant information and assessing developments to ensure preparations remain appropriate to the level of cyber risk.
Suwannee said the BOT and financial institutions would continue to monitor the situation closely, with particular attention to maintaining the continuity of information technology and cyber security systems in line with established standards. Financial institutions have also been advised to conduct regular emergency plan exercises for critical payment systems under their Business Continuity Plans (BCP), ensuring that essential financial services remain available and public confidence and safety are protected.
Several countries have been strengthening their cyber security preparations following attacks that have affected government agencies, financial institutions, hospitals, businesses and critical infrastructure. Reported incidents have occurred in Europe and across Asia, including Indonesia, Japan, Malaysia and Taiwan.
