What capacity-building programs will MAS and Bank of Thailand develop?

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MAS and Bank of Thailand to Enhance Cybersecurity Collaboration Through Joint Initiatives

The Monetary Authority of Singapore (MAS) and the Bank of Thailand have entered into a memorandum of understanding (MoU) to bolster their cooperation in cybersecurity and the fight against digital fraud. This agreement outlines a structured approach to address evolving cyber threats within the region's financial sectors.
Framework for Enhanced Cooperation Established

The MoU establishes a cooperative framework focused on three key pillars: information sharing concerning cybersecurity and digital fraud, competency-building, and operational preparedness. This comprehensive approach aims to create a more resilient financial ecosystem against digital threats.
Information Sharing and Intelligence Exchange

Under the agreement, both MAS and the Bank of Thailand will engage in the regular exchange of regulatory updates, incident reports, and threat intelligence pertinent to their respective financial sectors. This proactive sharing of information is crucial for staying ahead of sophisticated cyber risks.
Joint Training and Research Exchanges Planned

The collaboration will also encompass joint training sessions, study visits, and research exchanges. Furthermore, both authorities will conduct cross-border cybersecurity and crisis management exercises. These operational preparedness activities are designed to strengthen their collective response capabilities.

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What capacity-building programs will MAS and Bank of Thailand develop?

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