Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have formalised a Memorandum of Understanding (MoU) to deepen bilateral cooperation in cybersecurity and the mitigation of digital fraud threats across their respective financial sectors.
The MoU lays the groundwork for enhanced collaboration between the two central banks, with a focus on information sharing, capacity building, and the exchange of best practices. It underscores a shared commitment to fortifying cyber resilience and improving the security infrastructure of both nations’ financial ecosystems.
The agreement was signed by BNM Governor Dato’ Seri Abdul Rasheed Ghaffour and BOT Governor Dr. Sethaput Suthiwartnarueput.
Dato’ Seri Abdul Rasheed stated that BNM remains steadfast in its efforts to strengthen the resilience of financial institutions and protect consumers from evolving cyber threats. “This partnership with the Bank of Thailand will significantly enhance our collaborative efforts in cybersecurity and digital fraud prevention,” he said.
Dr. Sethaput echoed this sentiment, highlighting the growing need for cross-border collaboration in the face of increasingly complex cyber threats. “Through this partnership, we aim to strengthen the integrity and resilience of our financial systems, ultimately benefiting consumers in both countries,” he noted.
This strategic alliance comes amid rising concerns over cyber risks in the region’s financial sector, signalling proactive measures by both central banks to address emerging challenges and ensure financial stability.
