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RETAIL BANKING | Staff Reporter, 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:

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