Bangkok:The Bank of Thailand has convened a meeting with all banks to enhance its cybersecurity response to the highest level, confirming that the Thai financial system remains stable.
According to Thai News Agency, Mr. Witai Rattanaporn, Governor of the Bank of Thailand, disclosed that the meeting involved top information technology and cybersecurity executives from all banks. The aim was to expedite the upgrading of cybersecurity measures due to an increase in global cyberattack attempts over the past weeks.
Mr. Witai noted that while cyberattack attempts have been on the rise globally, the Thai financial system continues to be strong, with no observed impact on domestic financial services. He announced a change from daily threat reporting to a system that facilitates information exchange and timely problem resolution between banks and the Bank of Thailand.
The Bank of Thailand is working closely with the Banking Sector Information Security Coordination Center (TB-CERT) to intensify security monitoring, share information with financial institutions, and conduct emergency plan drills for critical payment systems as per the Business Continuity Plan.
Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, has been coordinating with the Bank of Thailand and the Thai Bankers' Association to ensure maximum readiness. Additionally, the Ministry of Digital Economy and Society and the National Cyber Security Council have expanded their monitoring to include systems connecting to third parties.
The government has reassured the public that there is no need for panic or withdrawal of money, as the Thai banking system is functioning normally. Businesses have confirmed adequate supplies of consumer goods, and there are no signs of shortages. Preparing a 72-hour emergency kit is advised as a general disaster preparedness measure, not as a warning of war or a commodity crisis.
Furthermore, Prime Minister and Minister of Interior Anutin Charnvirakul has directed the National Security Council to collaborate with relevant digital and security agencies to enhance preventive measures, check for vulnerabilities, and monitor the country's critical digital systems. He stressed that these measures are precautionary and do not indicate that Thailand is currently under severe cyber threat.