Thailand Enacts New Legislation to Counter Cybercrime and Scams
Enhancing Cybersecurity Measures
The Royal Decree on Measures for Protection and Suppression of Computer-Related Crime B.E. 2567 was enacted on June 1, 2024, aiming to strengthen the country’s cybersecurity measures against cybercrime in Thailand. The decree introduces new measures to prevent and suppress computer-related crimes, including:
- Hacking
- Data theft
- Online scams
Banking Regulation Update
The Bank of Thailand (BOT) has issued a circular updating banking regulations on cybersecurity, aiming to enhance the resilience of banks against cyber threats. The circular requires banks to implement robust cybersecurity measures, including:
- Encryption
- Access controls
- To protect customer data.
A new agency responsible for overseeing bank cybersecurity has been established, which will work closely with law enforcement agencies to investigate and prosecute cybercrimes involving banks.
Intellectual Property Protection
Thailand has taken steps to strengthen intellectual property protection in the country. The Ministry of Commerce has established a new agency responsible for handling IP-related complaints and investigations.
The agency is empowered to conduct raids on premises suspected of infringing on IP rights, and also has the authority to seize and confiscate goods that are deemed to be infringing on IP rights.
Regulatory Update
Thailand’s regulatory landscape is becoming increasingly complex, with new laws and regulations being introduced regularly. The government has established a new agency responsible for coordinating the development and implementation of regulations across different sectors.
The agency will work closely with stakeholders to ensure that regulations are effective in achieving their intended purposes, while also minimizing unnecessary compliance burdens on businesses.
Southeast Asia’s AI Regulatory Landscape
Southeast Asian countries are taking a wait-and-see approach towards global regulatory trends on artificial intelligence (AI). While some countries have established national policies to strengthen AI promotion and governance, others are more focused on building human resource capability, developing ecosystems, and building infrastructure.
Thailand has taken steps to establish a regulatory framework for AI, with the National Science and Technology Development Agency (NSTDA) responsible for coordinating AI research and development. The NSTDA is also working closely with international partners to develop AI standards and guidelines that are aligned with global best practices.