The Monetary Authority of Singapore and the Bank of Thailand have signed a memorandum of understanding to strengthen cybersecurity cooperation and combat digital fraud, as cyber threats become increasingly sophisticated across the region’s interconnected financial systems. ― AFP pic Summary The Monetary Authority of Singapore (MAS) and the Bank of Thailand have signed a memorandum of understanding to enhance cybersecurity cooperation and address digital fraud, as cyber threats grow across the region's financial systems. This agreement outlines collaboration in information sharing, competency-building, and operational preparedness. The central banks will exchange regulatory updates and threat intelligence, conduct joint training, and engage in cross-border cybersecurity exercises. MAS Managing Director Chia Der Jiun emphasized the importance of collaboration to tackle these transnational threats. First Published: Friday, 24 Jul 2026 5:27 PM MYT SINGAPORE, July 24 — The Monetary Authority of Singapore (MAS) and the Bank of Thailand have signed a memorandum of understanding to strengthen cybersecurity cooperation and combat digital fraud, as cyber threats become increasingly sophisticated across the region’s interconnected financial systems, reported Xinhua.The agreement establishes a framework for cooperation across three areas, information sharing on cybersecurity and digital fraud, competency-building, and operational preparedness, the two central banks said in a release today.The two sides will exchange regulatory and incident updates and threat intelligence affecting the financial sector, conduct joint training, study visits and research exchanges, and carry out cross-border cybersecurity and crisis management exercises.“Cyber risks and digital fraud are key transnational threats confronting our region and call for closer collaboration to combat these risks,” said MAS Managing Director Chia Der Jiun. — Bernama-Xinhua