Thailand’s telecoms regulator, c. bank join forces to boost cyber security

June 17, 2016

Thailand’s telecoms regulator and central bank said on Friday they had agreed steps to improve cyber security for electronic transactions via mobile phones as the country pursues a goal to become a cashless society.

A finger print scan will be among the measures to be introduced to protect mobile users from scams, and it should be ready for service in December, Takorn Tantasith, secretary-general of the regulator, told a news conference.

The regulator National Broadcasting and Telecommunication Commission will also examine the service fees that telecoms operators charge customers to ensure fair treatment, he said.

Thailand has about 10 million mobile banking users out of the 67 million population and the number is expected to rise after a strong growth of average 73 percent annually in the past 5 years, Bank of Thailand Governor Veerathai Santiprabhob said.

Read full story…