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Thai banks assure systems are in place to protect against cyber scams

13 Sept 10:26 Key points summarised by AI

Thai banks are implementing new security measures after cyber fraudsters stole 130 million baht from 10,700 cardholders in October.
New protocols include close monitoring of unusual transactions, especially foreign-based ones, and immediate customer notification for all online account activities.
A mandatory One-Time Password (OTP) will now be required for all online credit/debit card transactions, and customers are advised to limit funds in accounts for online spending.
Banks have compensated debit card victims, suspended affected credit cards, and assure that their fraud defense systems meet international standards and are continuously developed.

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.