Thursday, December 7, 2023

Banking Association Confirms Security and Stability of Bank Apps

The Thai Bankers’ Association has reassured the public that banking applications are secure and stable, especially for transactions over 50,000 baht, which require facial scanning. This assurance comes after a programmer was arrested for selling software that bypassed facial recognition in banking apps for large transactions. The association clarified that such software cannot be used on regular customer accounts without complete access to personal data. The case in question involved fraudsters attempting to circumvent the facial scan requirement. The association emphasized that banking systems are secure and continuously investing in security measures. They also prioritize the security of financial transactions and the protection of customers’ personal data. The association is working closely with relevant agencies to establish more effective financial risk prevention and management guidelines.

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