TB-CERT was initiated by 15 TBA member banks and sponsored by the Electronic Transactions Development Agency (Public Organization) or ETDA which places its emphasis on financial business - one of the nation's major infrastructures. With continual support from the Bank of Thailand, TB-CERT has thus been implemented to promote the stability of the Thai financial sector, which will be conducive to national security.
On this occasion, Mr. Veerathai Santipraphob, Governor of the Bank of Thailand, Mrs. Surangkana Wayuparb, Executive Director of ETDA, Mr. Predee Daochai, Chairman of the Thai Bankers' Association, and Mr. Kitti Kosavisutte, Chairman of TB-CERT Committee, together with executives from member banks, participated in the official launch of TB-CERT.
TB-CERT operations will cover four aspects: 1) to serve as a center for the exchange of information, including details of cyber threats and remedy guidelines in accordance with international standards; 2) to establish a central standard of cyber security for applications of new technologies such as cloud computing or biometrics;3) to establish procedures to deal with cyber threats in the commercial banking sector and regularly arrange for collaborative drills; and 4) to support personnel development in the area of cyber security by recruiting new talent to the financial sector and equipping the financial institutions' human resources with knowledge and understanding, instilling them with an awareness of cyber security. These efforts will be executed to ensure that preparedness of Thai financial institutions is in line with internationally recognized standards.