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Thai central bank warns against new financial fraud techniques


The Bank of Thailand (BoT) has warned against an elevated risk of financial cybercrime. The warning was issued to banks and consumers to keep their guards up against fraudsters inventing new techniques. The BoT and the Thai Bankers’ Association jointly responded to a report of a mobile phone user losing his information and money in his bank account through a public charging cable. But a joint investigation by the central bank and the TBA showed that the fraud was not caused by a charging cable. Money was transferred from the phone’s owner because malware has infected the device, with the owner tricked into installing it. The malware enabled a hacker to remotely monitor and control the phone to transfer money from the user’s bank account.

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