The Monetary Authority of Singapore has signed a memorandum of understanding with BOT to strengthen cooperation on cybersecurity and digital fraud risks affecting the financial sector. The arrangement focuses on closer cross-border coordination in three areas: sharing regulatory and incident updates and threat intelligence, building technical capability, and improving operational preparedness. Under the memorandum, the authorities will exchange information on cyber and fraud developments relevant to financial institutions, carry out joint staff training, study visits and research and policy exchanges, and conduct cross-border cybersecurity and crisis management exercises. MAS framed the agreement as a response to transnational cyber and fraud threats, while BOT linked it to the need for seamless cross-border intelligence exchange as financial connectivity and technology use deepen.

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