KUALA LUMPUR (April 10): The central banks of Malaysia and Thailand signed a pact on Thursday to strengthen joint efforts in cybersecurity and digital fraud protection.

The memorandum of understanding signed between Bank Negara Malaysia (BNM) and Bank of Thailand (BOT) also promotes a closer working relationship, allowing more information sharing, capacity building, and the exchange of best practices, according to a joint statement.

“This partnership with Bank of Thailand will significantly deepen our cooperation in cybersecurity and the fight against digital fraud,” said BNM Governor Datuk Seri Abdul Rasheed Ghaffour.

For BOT, the pact reflects the commitment to working together with BNM to strengthen cybersecurity and combat digital fraud.

“As cyber threats become increasingly sophisticated, close collaboration and knowledge sharing are essential,” said BOT Governor Sethaput Suthiwartnarueput. “We aim to enhance the resilience and security of our financial systems for the benefit of consumers in both countries.”