What types of joint training will MAS and Bank of Thailand conduct?

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MAS and Bank of Thailand to Conduct Joint Training as Part of Cybersecurity Cooperation

The Monetary Authority of Singapore (MAS) and the Bank of Thailand will conduct joint training and other collaborative activities as part of their strengthened cybersecurity cooperation. This initiative aims to enhance information sharing on cybersecurity and digital fraud, build competencies, and improve operational preparedness within their respective financial sectors. The agreement facilitates a structured approach to tackling increasingly sophisticated cyber threats across the region's financial systems.
Exchange of Regulatory and Incident Updates

Under the memorandum of understanding, both MAS and the Bank of Thailand will regularly exchange updates concerning regulations and incidents relevant to their financial sectors. This includes sharing threat intelligence to proactively identify and mitigate potential risks. Such information exchange is crucial for staying ahead of evolving cyber threats.
Competency-Building and Research Exchanges

The collaboration will involve joint training sessions, study visits, and research exchanges between the two central banks. These activities are designed to build and enhance the expertise of personnel in managing cybersecurity challenges and combating digital fraud. The focus is on developing a more skilled workforce capable of addressing complex cyber risks.
Cross-Border Cybersecurity and Crisis Management Exercises

MAS and the Bank of Thailand are set to carry out cross-border exercises focused on cybersecurity and crisis management. These exercises will simulate real-world scenarios, allowing both institutions to test their response mechanisms and coordination capabilities. The objective is to ensure a robust and coordinated approach to managing significant cyber incidents that could affect the financial sector.

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What types of joint training will MAS and Bank of Thailand conduct?

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