, Thailand

Krung Thai Bank and Kasikornbank hit by data leak

However, no financial damage has been found.

Reuters reports that two of Thailand’s largest banks - Krung Thai Bank and Kasikornbank reported a non-financial transaction data leak.

Also read: Can Thai banks keep their bad loan woes at bay? 

Kasikornbank’s leaked data consisted of public information of corporate clients whilst Krung Thai Bank’s leakage consisted mainly of loan requests from retail and corporate clients.

Also read: Krung Thai Bank profit balloons 140% to $230.26m in Q2

However, no financial damage has been found so far, according to a central bank statement.

The Bank of Thailand has urged banks to tighten cybersecurity measures and roll out measures to compensate clients in case of damage.

Here’s more from Reuters:

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!